Tag: discrimination

Regulatory / Legal

NYDFS issues guidance insurers regarding discrimination in affordable housing market

July 2, 2024

Via: JD Supra

On June 24, Gov. Kathy Hochul announced guidance issued by NYDFS in Circular Letter No. 6 (2024) informing insurers and related parties that, under the new Insurance Law § 3462, making coverage decisions based on a property’s status as an affordable housing development or […]

Regulatory / Legal

Toxic Culture Review: FCA Statutory Demand for Non-Financial Misconduct Data

February 12, 2024

Via: JD Supra

“The wholesale insurance market in particular has a long way to go in having an inclusive culture … areas for improvement include … preventing and handling non-financial misconduct,”1 stated the Financial Conduct Authority (FCA) last autumn. This message was reinforced […]

Regulatory / Legal

Consumer Watchdog files petition against Mercury for discrimination, price gouging

October 13, 2023

Via: Insurance Business

Consumer Watchdog filed a petition to intervene in an enforcement action initiated by the California Department of Insurance (CDI) against Mercury Insurance Group. The allegations revolve around accusations of overcharging, misleading practices, and discrimination against California homeowners and motorists. Consumer […]