The Superintendent of Insurance for New York State (and frequent Squawk Box guest!) will resign in July, at which time he'll become a visiting professor at Stern, and possibly mull over running for Attorney General. (Glowing) press release from the Governor, via NYDN:
"Since January, 2007, when he was appointed as Superintendent of the New York State Insurance Department, Eric Dinallo has been a stalwart advocate for New Yorkers, a trusted advisor to me and my Administration and a committed public servant," Paterson said in a press release.
"In recent months, Superintendent Dinallo and I worked closely together with the United States Treasury Department, the Federal Reserve Bank of New York and others in the rescue of financial services giant 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."
"Eric has earned the reputation as a national leader in the insurance industry and I want to thank him for all he has done at the Department to promote a competitive marketplace while also effectively protecting New York's consumers."
"Eric is no stranger to New York University. In 1990, he earned his law degree from NYU where he served as Law Review and Essay Editor. Though New York is losing a valuable and passionate public servant who has served our State in numerous capacities for more than a decade, the students of NYU are gaining a professor with a unique perspective and a reservoir of knowledge from which to learn."
"On behalf of all New Yorkers, I wish Eric great success in his new role and beyond."