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Resource ID: #18165
Source:Wall Street Journal (New York)
The Wall Street Journal looks at the practice of MetLife, "the largest publicly held life insurer", to systematically discriminate against nonwhite customers. The story reveals that although the company claims to have stopped practicing race-based underwriting decades ago, "new documents show ... that race-based practices remained in effect years longer, and applied to a much wider range of policies." The investigation exposes "techniques not disclosed before, such as subjecting nonwhites to a more complicated application process, which tended to limit them to smaller policies costing more and carrying fewer benefits." The article points to examples of racial underwriting and follows lawsuits related to the issue.
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