California has written letters to at least fifty California-licensed insurers requesting information on any existing or planned initiatives to increase the diversity of the insurer’s board. California’s interest in board diversity dates back nearly 10 years, with questionnaires to insurers of certain premium sizes having been sent in 2011 and again in 2016. While the Commissioner does not have statutory authority to require any initiatives to increase diversity, the insurers receiving the requests are expected to at least respond with some information regarding the board’s plans or strategy.
The post California Department Targets Approximately 50 Insurers with Probe on Board Diversity appeared first on Insurance & Reinsurance.
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