Why does Assemblyman Jose Solorio (D-Anaheim) think he can tell the insurance industry who to hire? That is exactly what he is trying to do with his latest bill, AB 53 which passed the Assembly floor today. This crazed legislation would require major California insurers to file a report with the Insurance Commissioner regarding their outreach and procurement practices involving businesses owned by women, minorities, and disabled veterans.
The bill defines these businesses as ones that are at least 51% owned by women, minorities, or disabled veterans. But who cares who owns these companies – the real issue is who are they employing – and the insurance industry is actually one of the most diverse fields in California – in fact minorities are in big demand right now, particularly those who speak a foreign language, such as Spanish, Korean or Chinese. Continue reading