NU Online News Service, Jan. 30, 4:30 p.m. EST? New York Superintendent of Insurance Gregory V. Serio announced he will be leaving his post sometime next month.[@@]
The announcement came today in a release from New York Gov. George Pataki’s office.
Gov. Pataki has nominated Assemblyman Howard D. Mills III, a Republican, to succeed Mr. Serio, who will be taking an as yet unspecified position in the private sector.
Recently, Mr. Serio has played a high-profile role in the National Association of Insurance Commissioners, testifying before Congress and defending state regulation of insurance.
He has spent a long career in regulating the industry, joining the department in 1995 as first deputy superintendent and general counsel. He was named superintendent in May of 2001.
Mr. Mills, who has spent the last six years representing New York’s Orange and Rockland counties, has held elective office as a councilman and town supervisor since 1989. He served as deputy minority leader in the Assembly and was a member of the State Assembly’s Insurance, Housing and Ways and Means Committee.