4.B 22/1:103-12 INSURANCE REDLINING: FACT OR FICTION? HEARING BEFORE THE SUBCOMMITTEE ON OF THE URBAN AFFAIRS ONE HUNDRED THIRD CONGRESS FIRST SESSION FEBRUARY 24, 1993 Printed for the use of the Committee on Banking, Finance and Urban Affairs For sale by the U.S. Government Printing Office ISBN 0-16-046187-1 HOUSE COMMITTEE ON BANKING, FINANCE AND URBAN AFFAIRS HENRY B. GONZALEZ, Texas, Chairman STEPHEN L. NEAL, North Carolina JAMES A. LEACH, Iowa JOHN J. LAFALCE, New York BILL MCCOLLUM, Florida BRUCE F. VENTO, Minnesota MARGE ROUKEMA, New Jersey CHARLES E. SCHUMER, New York DOUG BEREUTER, Nebraska BARNEY FRANK, Massachusetts THOMAS J. RIDGE, Pennsylvania PAUL E. KANJORSKI, Pennsylvania TOBY ROTH, Wisconsin JOSEPH P. KENNEDY II, Massachusetts ALFRED A. (AL) MCCANDLESS, California FLOYD H. FLAKE, New York RICHARD H. BAKER, Louisiana KWEISI MFUME, Maryland JIM NUSSLE, Iowa MAXINE WATERS, California CRAIG THOMAS, Wyoming LARRY LAROCCO, Idaho SAM JOHNSON, Texas BILL ORTON, Utah DEBORAH PRYCE, Ohio JIM BACCHUS, Florida JOHN LINDER, Georgia HERBERT C. KLEIN, New Jersey JOE KNOLLENBERG, Michigan CAROLYN B. MALONEY, New York RICK LAZIO, New York PETER DEUTSCH, Florida ROD GRAMS, Minnesota LUIS V. GUTIERREZ, Illinois SPENCER BACHUS, Alabama BOBBY L. RUSH, Illinois MIKE HUFFINGTON, California PETER KING, New York BERNARD SANDERS, Vermont SUBCOMMITTEE ON CONSUMER CREDIT AND INSURANCE JOSEPH P. KENNEDY II, Massachusetts, Chairman HENRY B. GONZALEZ, Texas ALFRED A. (AL) MCCANDLESS, California LARRY LAROCCO, Idaho MICHAEL CASTLE, Delaware LUIS V. GUTIERREZ, Illinois PETER KING, New York BOBBY L. RUSH, Illinois. DEBORAH PRYCE, Ohio LUCILLE ROYBAL-ALLARD, California JOHN LINDER, Georgia THOMAS M. BARRETT, Wisconsin JOE KNOLLENBERG, Michigan ELIZABETH FURSE, Oregon DOUG BEREUTER, Nebraska NYDIA M. VELAZQUEZ, New York CRAIG THOMAS, Wyoming ALBERT R. WYNN, Maryland RICK LAZIO, New York CLEO FIELDS, Louisiana ROD GRAMS, Minnesota MELVIN WATT, North Carolina SPENCER BACHUS, Alabama RICHARD H. BAKER, Louisiana BERNARD SANDERS, Vermont (II) CONTENTS Carbajal, Michael, Jr., C.P.C.U., Michael Carbajal Financial Services, Inc. ...... Cummings, Rev. Charles, Jr., Treasurer, DC Chapter, ACORN; accompanied by Deepak Bhargava, Legislative Director, ACORN ... Farmer, David M., Vice President, Alliance of American Insurers ..... Garamendi, John, Insurance Commissioner, State of California Rice, Lisa, Executive Director, Fair Housing Center Squires, Gregory D., Professor, University of Wisconsin-Milwaukee ADDITIONAL MATERIAL SUBMITTED FOR THE RECORD Selected References on Insurance Redlining ........ "Urban Decline Or Disinvestment: Uneven Development, Redlining and the Role of the Insurance Industry", Social Problems, Vol. 27, No. 1, pp. 79–95, October 1979 ........ “Community self-insurance", The Progressive, pp. 47–49, December 1979. "Insurance Redlining and the Process of Discrimination,” The Review of Black Political Economy, Winter 1988–Vol. 16, No. 3, pp. 63–75 ....... “Civil Rights Implications of Insurance Redlining,” R. De Wolfe, G.D. Squires, and A. DeWolfe, DePaul Law Review, Winter 1980, Volume "Insurance Redlining, Agency Location, and the Process of Urban Dis- investment," Gregory B. Squires, William Velez, and Karl E. Taeuber, |