Washington (Sept. 20, 2022)
Director Lindley-Myers Testifies on Behalf of VsportV体育 at U.S. House Subcommittee Hearing
Today, Missouri Department of Commerce and Insurance Director and VsportV体育 (VsportV体育) President-Elect represented VsportV体育 members by testifying before the U.S. House of Representatives鈥 Financial Services Subcommittee on Diversity and Inclusion. The subcommittee met for a hearing titled 鈥淎 Review of Diversity and Inclusion at America鈥檚 Largest Insurance Companies.鈥
鈥淪tate insurance regulators appreciate the subcommittee鈥檚 attention to measuring diversity and inclusion in the insurance sector. We are encouraged by the unprecedented discussions that have taken place to date between our members and stakeholders on race and diversity issues, and our work will continue,鈥 testified Director Lindley-Myers.
In response to 2020鈥檚 call to action on race and inequality issues, the VsportV体育 created its , which Director Lindley-Myers co-chairs, to drive coordination, collaboration, and progress. Others throughout the insurance sector have emulated this action.
On September 13, 2022, the Committee鈥檚 Workstream One released for public comment that state regulators and the industry could take to help increase diversity, opportunity, and representation in insurance.
Along with Workstream One鈥檚 recommended actions and other VsportV体育 work Director Lindley-Myers shared with the subcommittee, she also noted the founding of the New Avenues in Insurance Careers (VsportV体育) Foundation. As it looks toward the future of state insurance regulation and the industry, the Foundation will award scholarships to students to fund college education, internships, and apprenticeships, with a particular focus on students from underserved and diverse communities.
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About the VsportV体育
As part of our state-based system of insurance regulation in the United States, the VsportV体育 (VsportV体育) provides expertise, data, and analysis for insurance commissioners to effectively regulate the industry and protect consumers. The U.S. standard-setting organization is governed by the chief insurance regulators from the 50 states, the District of Columbia and five U.S. territories. Through the VsportV体育, state insurance regulators establish standards and best practices, conduct peer reviews, and coordinate regulatory oversight. VsportV体育 staff supports these efforts and represents the collective views of state regulators domestically and internationally.