January 27, 2012 |
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.
December 15, 2010 |
California Insurance Commissioner Steve Poizner has ratcheted up the pressure in a long-running dispute with Cypress-based PacifiCare. Poizner has ordered the health insurer not to pay $120 million in dividends to two subsidiaries of its parent company, saying the money may be needed to cover possible penalties in an administrative case brought by the Department of Insurance. The department has accused PacifiCare of violating state law nearly 1 million times from 2006 to 2008 by mismanaging medical records, losing patient documents and failing to pay doctors what they were owed.
November 20, 2010 |
California Insurance Commissioner Steve Poizner rejected a call by industry financial analysts for a 28% increase in workers' compensation insurance premiums, which are paid by most of the state's employers. Instead, Poizner, in one of his last major acts before leaving office in January, recommended that rates stay flat. He suggested that insurers could do much more to cut costs by adopting a number of reforms authorized by the Legislature six years ago. "Our nation and our state are in the midst of a recession and unemployment rates are sky high," Poizner said Friday.
November 8, 2010
Voters' viewpoint Re "Why she lost," Opinion, Nov. 4 Arnold Steinberg doesn't get it quite right when he says that "for [Meg Whitman] to win, she needed to be liked. " It would be more accurate to say that for a wealthy businessperson to win, they need to prove to voters that they are likable. Why? Because Californians have been led to believe (by the media, by celebrity pundits, by liberal professors) that successful businesspeople are not to be given the public trust.
November 4, 2010 |
Meg Whitman had the kind of resources most candidates only dream of, and she was a political outsider in the quintessential anti-incumbent year. So what went wrong? In the end, the vulgarity of Whitman's spending trumped any real connection with the voters. It's one thing to have money. It's another to flaunt it, and Whitman flaunted it from the moment she announced her campaign budget. Consequently, the story of her campaign was always less about substance and more about how much she was spending.
November 1, 2010
Don't laugh now Re "When politics is no joke," Oct. 28 The irony is spilling out of my spleen. You can't make this stuff up. The Mad Hatter "tea party" is taking us down the fascist rabbit hole. And our leading satirists (cynics) save us from our worst nightmare by holding a counter (culture?) rally at the Washington Mall. This would be a cosmic joke if not for the truth(iness) we are actually facing. Wasn't there a movie or play or something like this? "Cabaret"?