Gregory Serio Nominated to be Next New York Insurance Superintendent

New York Governor George E. Pataki has nominated Gregory V. Serio to serve as Superintendent of the New York State Insurance Department, succeeding Neil D. Levin who left the top post at the agency to become Executive Director of the Port Authority of New York and New Jersey. First Deputy Superintendent Serio, whose appointment must be confirmed by the New York State Senate, will become Acting Superintendent of the New York State Insurance Department effective immediately.

“Greg Serio is a proven leader with the experience, skills and vision to effectively oversee New York’s vitally important insurance marketplace,” Gov. Pataki said. “Greg has done a tremendous job as our First Deputy Superintendent of Insurance and I know that he shares my commitment to protecting New York’s consumers by combating fraud and reducing insurance costs, while also maintaining our state’s role as the national leader in the field of insurance regulation.”

As First Deputy Superintendent, Serio played a key role in carrying out sweeping changes, reforms and improvements at the Insurance Department. He helped spearhead the department’s speed-to-market efforts and worked to address the needs of consumers by increasing their choice of insurance products. Serio has also worked to meet the insurance needs of New York’s business community, particularly small businesses, and was actively involved in the state’s historic workers’ compensation reforms and the development of the Healthy NY low-cost health insurance program. Serio was appointed First Deputy Superintendent and General Counsel of the Insurance Department in January of 1995.

Prior to joining the department, Serio served as Chief Counsel to the Senate Standing Committee on Insurance. Serio has also held the positions of Counsel to the Chairman of the Senate Judiciary Committee and Counsel to the Senate’s Deputy Majority Leader. Prior to his career in public service, Serio was of Counsel at Crane, Kelley, Greene and Parente and an associate at Rivkin, Radler, Dunne and Bayh. He also held the position of Adjunct Professor of Public Administration at C.W. Post College for five years.

Topics New York