Issue: Flipping a COIN

Expanding the scope of the California Organized Investment Network (COIN): A collaborative effort between the California Department of Insurance, the insurance industry, community economic development organizations, and community advocates, COIN was established in 1996 to require insurance companies to invest in underserved communities, similar to the federal Community Reinvestment Act (CRA) that applies to the banking industry.

Currently, COIN benefits low-income and rural communities primarily in the areas of affordable housing and economic development. It should be expanded to meet unmet capital needs of low-income and rural communities, their residents, businesses, and non-profit community service organizations.

Economic development and affordable housing are basic Green values, and Larry Cafiero will make a top priority of expanding the scope of COIN to stimulate economic growth in depressed areas.

Got an issue?

The preceding item outlines one of the main issues: Led by the Green Party's 10 Key Values, the Greens and Larry Cafiero have a variety of other issues dealing with insurance matters. Do you have an issue you'd like addressed? E-mail the candidate here.

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