The New York State Insurance Department will be looking for a new superintendent. Yesterday, New York Gov. David Patterson’s office announced the resignation of Insurance Superintendent Eric Dinallo, effective July 3.
Dinallo was appointed to the position in 2007 by then-Gov. Eliot Spitzer, and since has assisted in the reform of the state’s workers’ compensation, the facilitation of billions of dollars in new capital for the bond insurance industry and the rescue of AIG during the current financial crisis.
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