Breaking Barriers: Ricardo Lara's Journey and the Insurance Industry's Support for LGBTQ+ Rights

A Historic Milestone

California Insurance Commissioner Ricardo Lara made state history by becoming the first openly gay official elected to statewide office. During our Declarations of Pride series, he shared his unique journey with Triple-I, by discussing his entry into politics, views on how the insurance industry is supporting the LGBTQ+ community and what Pride Month means to him.

Advancing LGBTQ+ Rights in the Insurance Industry

Lara says important steps are being made by the insurance industry to advance LGBTQ+ rights. According to a recent survey by the Human Rights Campaign, 70% of Fortune 500 companies now offer transgender-inclusive healthcare benefits, up from just 3% in 2002. This progress reflects a broader shift in corporate America towards greater inclusivity and diversity.

The Ongoing Fight for Equality

Lara says #Pridemonth is an important time to honor LGBTQ+ civil rights pioneers, but also for understanding obligations that remain in the fight for equality. Despite the progress, LGBTQ+ individuals still face significant disparities in income, employment, and health outcomes compared to their heterosexual and cisgender counterparts. For instance, the unemployment rate for transgender individuals is nearly double the national average.

To continue advancing LGBTQ+ rights, it is crucial for the insurance industry and other sectors to remain committed to inclusivity and to advocate for policies that promote equality. This includes supporting legislation that protects LGBTQ+ individuals from discrimination and ensuring that insurance products are accessible and affordable for all.