California is the world’s eighth largest economy and is one of the world’s most important insurance markets. The state — as you have noted from a hundred or more stories published in Weekly Industry News over the last several years — has a plethora of insurance struggles happening from wildfire coverage to a battle over universal health insurance and to the need for more earthquake coverage.
As a Republican Steve Poizner served as California’s Insurance Commissioner from 2007 to 2011. He was succeeded by current commissioner Dave Jones. Poizner switched his party affiliation from Republican to Independent and ran again.
Last week Poizner got 43% of the primary vote and Democratic Sen. Ricardo Lara picked up 39% of the vote. The two will square off for the California Insurance Commissioner position in November.
Lara — if he wins — will become the first openly gay statewide office holder. If he wins, Poizner will serve at least another four-years.
The other candidate was Dr. Asif Mahmood. He’s a pulmonologist who — if he prevailed — would have been the first Muslin to gain statewide office. Mahmood, Nathalie Hrizi and Lara all ran on support for universal health care in California — or a single payer system if you want a more specific description.
Poizner opposes the concept.
As noted earlier, the November winner will replace Jones who lost a bid to become the state’s attorney general.
Source link: Insurance Journal