Jones Announces Insurance Diversity Task Force for California

Insurance Commissioner Dave Jones on Thursday announced the formation of an Insurance Diversity Task Force to make recommendations about diversity in the insurance industry, including the diversity of corporate governing boards and procurement from diverse businesses.

Task force members will identify and promote insurance companies that are doing a good job on diversity issues, examine the diversity of insurance company governing boards, identify actions the Department of Insurance can take to encourage insurance companies to utilize diverse suppliers, and make recommendations for changes to the law, according to the Department of Insurance.

Commissioner Jones recently requested voluntary supplier diversity data from the top 200 insurance companies. Assembly Bill 53, authored by Assembly Insurance Committee Chairman Jose Solorio, would require top insurance companies to report their diversity efforts. The bill has been referred to the Assembly Appropriations Committee.

“Insurance is a $125 billion industry in California,” Jones said in a statement. “I am hopeful this task force will help us identify measure and increase what the insurance industry procures from California’s minority- and service-disabled veteran-owned businesses.”

The first task force meeting was held January 6, 2012.

Members of the task force include: