State Legislators Want Insurance Companies to Dump Iran Investments

Sen. Jeremy Ring, D-Maitland, and Rep. Bill Hager, R-Boca Raton, reached acorss party lines on Tuesday to promote legislation making insurance companies face the same standards other companies face in regard to investing in companies helping Iran become a nuclear power. The bill would force companies to end investments in companies helping Irans military and nucelar ambitions.

Passing HB 811 is one of my top priorities this session, Hager said. Companies that choose to invest in extremist countries like Iran need to know that Florida is serious about holding terrorist regimes accountable for their actions, and will not enable them to develop nuclear weapons or commit further terrorist acts.

I am proud to file SB 948 to ensure that Floridas sanctions keep pace with federal law if Iran does not abide by the interim agreement, Ring said. It is important to me that Florida continues to lead the way on this very important issue.