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Report: Insurance Industry Spent $3.1B with California Diverse Businesses

November 14, 2022

New data from the California Department of Insurance suggests some progress in the department’s push for California’s $409 billion insurance industry to partner more with the diverse small businesses.

The latest results from the California Insurance Diversity Survey for 2021 show insurance companies spent $3.1 billion with California diverse businesses or suppliers.

That is more than double the amount reported in 2020, when data showed insurance company spending on diverse suppliers was $1.5 billion.

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