Poizner Should Reconsider Creation Of His Own “Do Not Invest” List For Private Insurance Companies
I admire the passion of Insurance Commissioner Steve Poizner. Having gotten to spend a lot of time with him over the last five years or so, I know him as someone who really pours his heart and soul into just about everything he does. I figure it takes that kind of drive to have his level of epic success in business, and it certainly takes an Energizer-Bunny type level of activity to get elected to statewide office as a Republican in California, let alone to now be running for the Republican nomination for Governor. I know Steve to be a good man, who is passionate about making a difference.
I preface this column with these comments because I don’t want FR readers to misinterpret a critique of an individual policy proposal of the Commissioner as some sort of rebuke of the man, which it certainly is not. Nevertheless I have been troubled by a proposal he has generated from the Department of Insurance, which I wanted to address. I have brought this up directly with Poizner, so he won’t be surprised to read it here.
Last year Insurance Commissioner Poizner rolled out what I thought was a creative and useful plan to review the substantial financial… Read More