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Our Insurance Commissioner is doing the job he was elected to do. That is refreshing.
"Insurers doing business in California should eliminate any investments in international companies with ties to Iran's defense, energy and nuclear sectors, state Insurance Commissioner and Republican gubernatorial candidate Steve Poizner said Wednesday.
Poizner issued a list of 50 such companies in 20 nations, mostly in Asia and Europe, in which some of California's 1,300 insurers have invested about $6 billion. That's a tiny slice of California insurers' $4 trillion portfolio, he said, but it's significant to Iran."
Under California law this is illegal--time to stop corporations with investments in California pension funds from investing in a terrorist nation like Iran.
What do you think?
More...
"Insurers doing business in California should eliminate any investments in international companies with ties to Iran's defense, energy and nuclear sectors, state Insurance Commissioner and Republican gubernatorial candidate Steve Poizner said Wednesday.
Poizner issued a list of 50 such companies in 20 nations, mostly in Asia and Europe, in which some of California's 1,300 insurers have invested about $6 billion. That's a tiny slice of California insurers' $4 trillion portfolio, he said, but it's significant to Iran."
Under California law this is illegal--time to stop corporations with investments in California pension funds from investing in a terrorist nation like Iran.
What do you think?
More...