California’s Insurance Commissioner and candidate for Governor Steve Poizner took on Iran this morning, showing Californian’s who may not know what the Insurance Commissioner does how important his position is for the state and for national security.
Since Poizner’s election in 2006—he was the only Republican elected statewide—he’s used his experience has a Silicon Valley entrepreneur to stream line California’s insurance system, saving Californians billions in misused premium payments and over-bloated bureaucracy.
Today Poizner announced that he is ordering California insurance companies to divest from companies that do business with Iran in the banking, defense, and energy sectors and disclose all such indirect investments. All businesses in California were ordered end all direct investment in Iran in a law passed last year, however indirect investments through European companies may still give California insurance premiums to the Iranian regime. “That might be a major loophole here, where billions might be flowing into Iran,” Poizner said today.
Last night at the California Republican Jewish Coalition’s Summer Bash Steve said that he expects the department’s probe will uncover billions in such direct investments. “The Iranian Regime is a huge threat to their own citizens, to the State of Israel, and to the national security of the United States of America,” Poizner said last night. “I will do whatever it takes to make sure that not one dime of your hard earned premium dollars gets into the hands of the people running the Islamic Republic of Iran,” he continued.
I’ve had the pleasure of seeing Steve at a few speaking engagements since he announced his candidacy, last night was the best. His energy and drive to connect with voters and tell them how he will lead California has grown immeasurably since the first time I saw him speak early last fall. Poizner conveys his vision for California clearly and passionately, showing that there is a light at the end of the tunnel, and that trough the right choices the Golden State can regain its sheen.
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