Thursday, May 28, 2009


New York Insurance Superintendent Eric Dinallo will resign effective July 3, 2009, and become a visiting finance professor at New York University's Stern School of Business, Gov. David Paterson announced today.

The Democratic governor saluted Dinallo for overseeing New York's response to the global credit crisis and the near-capsizing of bond insurers and insurance giant American International Group (AIG).

"Under Superintendent Dinallo's leadership, the Department effectuated the largest regulatory settlement in the U.S., played an integral part in the reform of the workers' compensation system and facilitated more than $15 billion in new capital for the bond insurance industry," Paterson said in a prepared statement.

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