New York State
Insurance Department


ISSUED: 5/10/2001

FOR IMMEDIATE RELEASE

GREGORY V. SERIO CONFIRMED BY NYS SENATE AS SUPERINTENDENT OF THE STATE INSURANCE DEPARTMENT

            Governor George E. Pataki's nomination of Gregory V. Serio as Superintendent of the New York State Insurance Department was unanimously confirmed yesterday by the State Senate. Governor Pataki officially nominated Mr. Serio to the position of Insurance Superintendent on April 10. He was appointed Acting Superintendent and has been serving in that capacity since April 6.

            Gregory V. Serio was appointed First Deputy Superintendent and General Counsel of the Insurance Department in January of 1995. Prior to joining the Department, Mr. 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.

            Mr. Serio has been active in numerous local organizations, serving as a member of the Town of Colonie Zoning Board of Appeals, Assistant Coordinator of and legal advisor to the Town of Colonie Emergency Services, and a member and officer of the Verdoy Fire Department.

            Mr. Serio received a B.A. from the State University of New York at Albany and a J.D. from Albany Law School of Union University. He was awarded the Albany Law School Outstanding Young Alumnus Award and was the 1996 recipient of the National Conference of Christians and Jews Brotherhood Award.

            Mr. Serio was born in Queens, New York and raised in West Hempstead, Nassau County. Mr. Serio and his wife currently reside in Latham.

            The Superintendent of Insurance is responsible for the monitoring and regulation of more than 1,000 insurance companies with total assets exceeding $2.0 trillion. The position, which has an annual salary of $127,000, also includes oversight responsibility for more than 100,000 brokers, agents and financial intermediaries and the management of approximately 1,500 department employees.


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