Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Life Health > Health Insurance

California Urges Insurers to Help Low Income Communities

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, Aug. 10, 5:56 p.m. – California Insurance Commissioner Harry Low is calling on insurance companies doing business in California to invest in low-income communities. He has also asked insurance companies to establish an annual community investment goal.

The California Department of Insurance administers the California Organized Investment Network, a program that was launched at the request of the insurance industry in 1996 to encourage insurance companies to make community development investments.

Fewer than 10% of the insurance companies doing business in California are now making community investments, Low says.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.