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AMERICAN INSURANCE ASSOCIATION STATEMENT IN RESPONSE TO RELEASE OF ACORN REPORT

 WASHINGTON, Feb. 4 /PRNewswire/ -- The American Insurance Association (AIA) issued the following statement today in response to the report, "A Policy of Discrimination? -- Homeowners Insurance Redlining in 114 Cities" prepared by ACORN (Association of Community Organizations for Reform Now):
 "The ACORN report is embargoed for release until tomorrow, but copies have been distributed to reporters across the country. We have not had an opportunity to review the report. The American Insurance Association (AIA) would welcome the chance to meet and work with groups like ACORN, elected officials, and others to develop workable solutions to the problems faced by low-income urban insurance consumers.
 "AIA strongly supports the National Association of Insurance Commissioners (NAIC) Model Unfair Trade Practices Act, which clearly defines and prohibits unfair discrimination. Practically every state has enacted laws outlining unfair practices and providing insurance commissioners with the authority to punish individuals and companies that are found guilty of engaging in such practices. We urge commissioners and other officials to fully exercise their authority to enforce the laws pertaining to discriminatory practices such as redlining.
 "AIA has embarked on a focused program to work with regulators and relevant organizations to develop products and marketing ideas that adequately serve urban low-income residents, and programs to increase the number of minority and urban-based agents with company appointments to write insurance for inner-city residents and businesses.
 "No one can say unequivocally that redlining does not exist. However, it can be said with absolute certainty that the insurance industry deplores redlining and any semblance of the practice. AIA is deeply committed to working with individuals as well as, organizations to make sure urban low-income citizens have access to affordable insurance."
 The American Insurance Association is a trade organization representing more than 250 major insurance companies providing all lines of property-casualty insurance. Headquartered in Washington, D.C., the association has representatives in every state.
 -0- 2/4/93
 /CONTACT: Rene Carter, public affairs of American Insurance Association, 202-828-7100/


CO: American Insurance Association ST: District of Columbia IN: INS SU:

TM -- NY139 -- 3281 02/04/93 19:58 EST
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Publication:PR Newswire
Date:Feb 4, 1993
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