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Calif. Assembly OKs Bill To Curb Insurers' Iran Investments

By Erin Coe (May 25, 2012, 10:37 PM EDT) -- The California Assembly on Friday approved legislation aiming to deter insurers from making investments in businesses with financial ties to Iran's energy sector, but the insurance industry claims the measure runs afoul of the U.S. Constitution because it conflicts with federal foreign policy....

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