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Here is the latest from the California Department of Insurance:
News: 2023 Press Release
For Release: October 12, 2023
Media Calls Only: 916-492-3566
Email Inquiries: [email protected]
Setting a new standard: Commissioner Lara launches inaugural Insurance Diversity Index
Trailblazing initiative sets a historic precedent in promoting industry-wide diversity, equity, and inclusion
LOS ANGELES — California Insurance Commissioner Ricardo Lara today announced the launch of the inaugural Insurance Diversity Index, a groundbreaking benchmarking tool designed to foster diversity, equity, and inclusion (DEI) in California's insurance industry. Initial findings of the trailblazing initiative were unveiled at the 2023 Insurance Diversity Summit.
"The Insurance Diversity Index represents a significant step forward in our ongoing efforts to create a more equitable and inclusive insurance industry,” said Insurance Commissioner Lara. “By providing a clear benchmark, we can inspire positive change and ensure that California consumers are served by companies committed to diversity and inclusion."
The Insurance Diversity Index – spearheaded by the Department’s nationally-recognized Insurance Diversity Initiative and its Insurance Diversity Task Force - is a crucial initiative aimed at increasing transparency, measuring progress, and encouraging accountability within the insurance sector. By gauging insurance companies' commitments to policies and practices that advance DEI in three key areas - diversity in the corporate boardroom, supplier diversity, and California community impact investments - the Index provides valuable insights into the industry's efforts to promote diversity and inclusivity.
“Transparency and measurement are essential in holding the insurance industry accountable for its diversity commitments,” emphasized California Attorney General Rob Bonta. "The Insurance Diversity Index will empower consumers and stakeholders with information to make informed choices and drive progress."
Commissioner Lara’s sentiments are shared by leaders on the Department’s Insurance Diversity Task Force, including newly-elected Chair Mark Morales who said: “This Index means that consumers can be better informed about their spending power, and it encourages insurance company leaders to match their intentions with actions.”
More
News: 2023 Press Release
For Release: October 12, 2023
Media Calls Only: 916-492-3566
Email Inquiries: [email protected]
Setting a new standard: Commissioner Lara launches inaugural Insurance Diversity Index
Trailblazing initiative sets a historic precedent in promoting industry-wide diversity, equity, and inclusion
LOS ANGELES — California Insurance Commissioner Ricardo Lara today announced the launch of the inaugural Insurance Diversity Index, a groundbreaking benchmarking tool designed to foster diversity, equity, and inclusion (DEI) in California's insurance industry. Initial findings of the trailblazing initiative were unveiled at the 2023 Insurance Diversity Summit.
"The Insurance Diversity Index represents a significant step forward in our ongoing efforts to create a more equitable and inclusive insurance industry,” said Insurance Commissioner Lara. “By providing a clear benchmark, we can inspire positive change and ensure that California consumers are served by companies committed to diversity and inclusion."
The Insurance Diversity Index – spearheaded by the Department’s nationally-recognized Insurance Diversity Initiative and its Insurance Diversity Task Force - is a crucial initiative aimed at increasing transparency, measuring progress, and encouraging accountability within the insurance sector. By gauging insurance companies' commitments to policies and practices that advance DEI in three key areas - diversity in the corporate boardroom, supplier diversity, and California community impact investments - the Index provides valuable insights into the industry's efforts to promote diversity and inclusivity.
“Transparency and measurement are essential in holding the insurance industry accountable for its diversity commitments,” emphasized California Attorney General Rob Bonta. "The Insurance Diversity Index will empower consumers and stakeholders with information to make informed choices and drive progress."
Commissioner Lara’s sentiments are shared by leaders on the Department’s Insurance Diversity Task Force, including newly-elected Chair Mark Morales who said: “This Index means that consumers can be better informed about their spending power, and it encourages insurance company leaders to match their intentions with actions.”
More
