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California seeks divestment of $12 billion in insurers’ Iran holdings
Designating Iran as a “state sponsor of terrorism,” California’s insurance commissioner wants $12 billion in investments by companies doing business in the state completely divested in a move that...
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Poizner gets full participation from insurers in terror financing probe
A public hearing into why insurers would not disclose their investments in Iran was canceled after all 1,327 companies licensed in the state outlined their financial dealings to state regulators. Steve...
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Insurers defend investments amid California probe into ties to Iran
National insurance companies are defending their business practices after being included on a list released by the California Department of Insurance of those refusing a voluntary moratorium on future...
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Poizner’s actions on insurers’ Iranian investments ruled ‘improper’
The California Office of Administrative Law (OAL) declared the state insurance commissioner’s actions against insurers holding investment relations with Iran to be “improper.” Steve Poizner The OAL...
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California insurance commissioner sues to stop Iran investments
California Commissioner Steve Poizner filed a lawsuit challenging the state Office of Administrative Law’s (OAL) ruling that his efforts to stop insurers from investing in Iran constituted an...
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California, insurance companies settle suits over investments in Iran
California’s insurance commissioner announced the end to a pair of civil suits, filed over his agency’s efforts to force insurance companies to stop investing in corporations working in Iran. Steve...
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Foreign insurers take cautious look at Iran after nuclear arms deal
Western and Middle East insurance specialists see Iran as an appealing $8 billion market in the wake of its nuclear deal with world powers, though uncertainty over when sanctions on Tehran will be...
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