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September 23, 1994 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Insurance Commissioner John Garamendi Thursday accused State Farm Mutual Automobile Insurance Co., California's largest homeowners insurer, of redlining, or illegal sales discrimination, in inner-city neighborhoods of Los Angeles. Based on a new study of 1992 homeowners insurance sales in selected ZIP codes, Garamendi said the company "writes virtually no policies in South-Central and East Los Angeles" because it refuses to compete in poorer neighborhoods.
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BUSINESS
September 23, 1994 | THOMAS S. MULLIGAN, TIMES STAFF WRITER
Insurance Commissioner John Garamendi Thursday accused State Farm Mutual Automobile Insurance Co., California's largest homeowners insurer, of redlining, or illegal sales discrimination, in inner-city neighborhoods of Los Angeles. Based on a new study of 1992 homeowners insurance sales in selected ZIP codes, Garamendi said the company "writes virtually no policies in South-Central and East Los Angeles" because it refuses to compete in poorer neighborhoods.
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