California Insurance Commissioner sues for right to require Iran divestments by insurance companies
SACRAMENTO (Press Release)–California Insurance Commissioner Steve Poizner on Tuesday, Nov. 9, announced that he is filing a lawsuit challenging a California Office of Administrative Law (OAL) determination, issued last month at the behest of the insurance industry, that the Commissioner’s efforts to stop insurers from investing in Iran constituted an “underground regulation.” The Commissioner’s lawsuit contests […]