EDITORIAL: Steve Poizner for Insurance Commissioner
Until 1988, the insurance commissioner was appointed by the governor, but Proposition 103 changed the position to an independent statewide officer elected by the voters. Prop. 103 also required prior approvals of property and casualty rates, including car and homeowner insurance.
The cost of insurance in
Effective regulation of the insurance market requires an understanding of the real-world impact of government decisions. Ideally, the individual in the job should have experience in government and in the private sector, as well as in technology that is needed to analyze the complexities of rate-setting and liability.
Poizner held that job from 2007 to 2011, compiling a balanced record of protecting consumers without threatening the financial health of the industry. He is a successful entrepreneur in the technology sector. He offers voters a résumé perfectly suited to the office he's seeking.
As the Legislature and state regulators make critical decisions about issues that could have a major impact on the cost of insurance, including wildfire liability, health care, and autonomous vehicles, Poizner's ability to analyze data and assess the potential consequences of policy would be invaluable.
Sen.
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