Calif. Adopts Law To Deter Insurers' Iran Investments

Law360, San Diego (September 24, 2012, 4:58 PM EDT) -- Gov. Jerry Brown on Sunday enacted a law that aims to curb California-based insurers from investing in companies with financial ties to Iran's energy sector, setting the stage for a likely court challenge by insurance groups that claim the measure conflicts with federal foreign policy.

The governor gave the green light to A.B. 2160, which seeks to take a stand against Iran's nuclear ambitions by barring insurers based in the state from counting investments in companies that do business with Iran's energy sector as assets in...
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