Should the Community Reinvestment Act Apply to Insurance Companies?

Published: Aug. 31, 1999

This paper, which looks at the Community Reinvestment Act's (CRA) application to financial services sectors beyond banking, examines the question of whether new social investment obligations on the property/casualty insurance industry represent good public policy. Developed by a special task force of member companies and approved by NAMIC’s board of directors, the paper includes a bold evaluation of the social, political and economic environment in which the insurance industry operates.

Download the complete paper in Acrobat Reader.

If you have questions about an this issue, please contact Rick Nelson with NAMIC's Public Affairs Department.

Posted: Tuesday, August 31, 1999 12:00:00 AM. Modified: Monday, September 26, 2005 9:57:42 AM.

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We are 1,400 property/casualty insurance companies serving more than 135 million auto, home and business policyholders, with more than $196 billion in premiums accounting for 50 percent of the automobile/homeowners market and 31 percent of the business insurance market. We are the largest and most diverse property/casualty trade association in the country, with regional and local mutual insurance companies on main streets across America joining many of the country’s largest national insurers who also call NAMIC their home. More than 200,000 people are employed by NAMIC members.