New York Is Pressuring Regulated Insurance Companies To Hire Based On ‘Diversity’ Goals

New York Is Pressuring Regulated Insurance Companies To Hire Based On ‘Diversity’ Goals


New York has put pressure on regulated insurance companies throughout the state to ensure their leadership positions are filled by a diverse group of people based on race, gender, and ethnicity.

The New York Department of Financial Services sent a message last month to all domestic and foreign insurance companies regulated by the state telling them to “make diversity of their leadership a business priority and a key element of their corporate governance.” The DFS added that they would be collecting and publicizing the race, gender, and ethnicity makeup of the companies’ leadership for “transparency,” which really means they will open them up to mob shaming for not hiring enough non-white people.

“DFS has evaluated different regulatory approaches to promote DEI in the insurance industry, including the imposition of quotas and the collection and disclosure of diversity data on a company-by-company basis…. Based on our research and outreach, we have determined that the best way for DFS to support the insurance industry’s

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