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July 30, 2010       Share:    

Source: http://www.lexology.com/library/detail.aspx?g=5e533ea4-bbc4-4a5c-a2be-ad571bc3272d&tr=y&auid=6724119

California Insurers Divest $400 Million in Iran-Related Assets

(Lexology) California Insurance Commissioner Steve Poizner announced on July 1, 2010, that insurers in his state had sold about 20% of the assets the industry holds in the 50 companies that the California Department of Insurance has identified as doing business with Iran's nuclear, energy and defense sectors.

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