A federal regulation introducing "disparate impact" criteria to the sale of homeowners insurance will be finalized next month, according to industry officials.
The rule could undermine the underwriting process and "trigger a wave of frivolous litigation," according to officials at the National Association of Mutual Insurance Companies.
"HUD [the U.S. Department of Housing and Urban Development] claims that it is just making clear the rules of the road when it comes to determining housing practices with a discriminatory effect," NAMIC officials say.
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