JANUARY 28, 2002
FINANCE
Insurers Have a History of Redlining
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| 1920-40
Insurers routinely discriminate against minority clients
1968
Presidential panel on Insurance in Riot-Affected Areas documents impact of redlining for the first time
1980
Aetna admits past racial discrimination with ads showing man eating crow
1988
Amendment to Fair Housing Act of 1968 and new HUD regulations prohibit redlining for homeowners' insurance
1992
American Family Insurance sued for racial discrimination
1997
Nationwide Insurance fined $10 million in Texas for redlining
1999
Use of credit records as insurance-eligibility criteria starts to become widespread
2002
More than 20 states are investigating insurance credit-scoring
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Copyright 2002, Bloomberg L.P.
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