Insurance Commissioner Mike Kreidler

Insurance industry silent on racial equity, but vocal on profits

Early last summer, Insurance Commissioner Mike Kreidler signaled his intent to propose legislation banning insurers from using consumers’ credit information. A month later, when the country began confronting its long history of racial injustice and major corporations — including top insurers — voiced their commitment to racial equity, Kreidler asked industry CEOs to join him in his effort to ban credit scoring.

The silence was deafening.

But based on what we know now, it really wasn’t shocking.