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Insurance Iran Investments

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BUSINESS
January 27, 2012 | By Marc Lifsher
State insurance regulators and trade groups have settled a pair of lawsuits stemming from efforts to pressure insurers to stop investing in corporations engaged in energy, nuclear or defense-related work in Iran. California Insurance Commissioner Dave Jones announced the settlement late Friday. At issue was a controversial 2009 initiative by Jones' predecessor, Steve Poizner, that threatened to penalize insurance companies and publicize their investments in companies that indirectly benefit the government of Iran.
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BUSINESS
January 27, 2012 | By Marc Lifsher
State insurance regulators and trade groups have settled a pair of lawsuits stemming from efforts to pressure insurers to stop investing in corporations engaged in energy, nuclear or defense-related work in Iran. California Insurance Commissioner Dave Jones announced the settlement late Friday. At issue was a controversial 2009 initiative by Jones' predecessor, Steve Poizner, that threatened to penalize insurance companies and publicize their investments in companies that indirectly benefit the government of Iran.
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