It will require publicly traded companies headquartered there to name board members from underrepresented communities. Insurers are shifting practices after Minneapolis police killed George Floyd, a Black man, on May 25, setting off protests across the country. Since then, at least seven lawsuits have been filed against major U.S. companies alleging deficiencies in diversity practices. For instance, a September lawsuit against Cisco Systems Inc alleges board members breached their duty by not having a Black director. The plaintiff's law firm, Robbins Geller Rudman & Dowd LLP, is prominent in shareholder litigation. In a statement, Cisco characterized the case as one of several identical lawsuits filed against U.S. companies that already seem to have "strong diversity and inclusion initiatives." D&O coverage has become more expensive in recent years due to more lawsuits over what plaintiffs describe as widespread race and gender discrimination, sexual harassment or general corporate malfeasance.