LDI JOINS NITF

Acting Louisiana Commissioner of Insurance Robert Wooley announced that the Louisiana Department of Insurance has accepted an invitation to join the NeighborWorks National Insurance Task Force (NITF). Wooley appointed Richard Chambers, the department’s deputy commissioner of Minority Affairs, as his designee on the task force. Wooley said the purpose of the NITF is to develop partnerships with leaders from community-based organizations and the insurance industry to better inform consumers in low-and-moderate-income areas about the property and casualty insurance products and services available to them. Deputy Commissioner Chambers added that becoming part of the NITF enables the Department of Insurance to impact an even larger number of people in a positive way. According to the NITF, there are currently five operating functions within the task force that are coordinated through a national steering committee. These operating groups are focused primarily on consumer/insurer education and research involving loss mitigation techniques that address the common causes of losses in urban homeowners markets. The federally created Neighborhood Reinvestment Corporation, founder of the NeighborWorks Network, established the National Insurance Task Force in 1994. The NITF includes representatives from the insurance industry’s top property and casualty carriers, insurance industry trade associations, insurance regulators, educational institutions, the Neighborhood Reinvestment Corporation and members of the national NeighborWorks Network.