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Calif.’s Poizner: From Consumer to Regulator

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California Insurance Commissioner Steve Poizner spent years running high-tech companies in Silicon Valley, and as a businessman and consumer of insurance he began to understand the value of insurance and independent agents. Although he is an elected official that's rumored to be a good choice as a gubernatorial candidate in 2010, Poizner admits he's not a career politician. But a pivotal event with the Jaycees led him to understand the power and impact the insurance industry plays on the Golden State's $1.5 trillion economy. In this exclusive interview with Insurance Journal, Poizner discusses his role as regulator, legislative changes affecting the California Earthquake Authority, the State Compensation Insurance Fund's recent audit, and his relationship with agents and brokers.

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