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California Urges Insurers to Help Low Income Communities

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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.


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