NU Online News Service, Dec.3, 10:00 a.m. EST
California Insurance Commissioner Steve Poizner said an inquiry has revealed state insurers hold $12 billion in indirect Iran-related investments and he will push them to divest, leading another regulator to say Poizner's effort should go national.
"I have consulted with other state insurance commissioners to evaluate the practicality of developing a national initiative similar to the undertaking by the California Department of Insurance," said Florida Insurance Commissioner Kevin McCarty.
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