Company News requested fine for insurers in case of polarization
The California Department is the assurance of a fine California Insurance Group $ 2.5 million, contrary to the insurer has refused to sell in the gay policy, minorities and low-income neighborhoods south - east of San Francisco.
The authorities say it is the largest cases of discrimination in the history of the State of insurance and insurance officials say the economy that the penalty is the largest ever seen.
“Never before have we seen how obvious indications of a systematic Insurance Redlining,” John Garamendi, California’s Insurance Commissioner, said in a statement Thursday.
The insurance regulatory authorities said its investigation was prompted by a former employee, details of the discriminatory practices of a plan for the city of San Francisco. Yellow were highlighted some neighborhoods of the city - including nets and Castro districts and black communities Hunter’s Point, Bay View and Potreo Hill - where staff said a deposit, they always said, by leaders is no question of commercial insurance.
State officials say that the company with annotations, the practice of refusing to write insurance in some areas in southern California, this time, with highways designate areas preferred. The regulatory authorities allege that insurers in 1989 began a practice of limiting discounts compared to policyholders in Orange County and downtown Los Angeles to 10 percent, while customers in the suburbs of Los Angeles, in the North of certain highways, can get breaks in their policy up to 25 percent.
Peter Cazzolla, President and Chief Executive of California Insurance, said: “I do not think they have all the facts.”
He went to refute the specific allegations. “We do not and has never sold insurance on the basis of race or personal characteristics,” he said. Insurance is the 54 State of California’s largest insurers and took last year 103 million dollars in bonuses, including a third was commercially.
Mr. Cazzolla, work, Calif., began on 1 March insurance, the same day, the assurance of supervisors began its investigation, said: “It was a map.” But he added: “Their interpretation is incorrect.
Brian Soublet, a lawyer insurance service, said: “There is only one interpretation, you can.
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