Legal Challenges Lie Ahead For Calif.'s Iran Insurance Bill

Law360, New York (August 23, 2012, 9:32 PM EDT) -- The California Legislature gave final approval Wednesday to a bill that would curtail insurers' investments in companies that have financial ties to Iran's energy sector, making it likely that insurance groups will head back to court to challenge the Golden State's authority to set foreign policy, experts say.

Aiming to take a stand against Iran's nuclear ambitions, A.B. 2160 would block California-based insurers from counting investments in companies that do business with Iran's energy sector as assets in documents they file with the California Department of...
To view the full article, register now.