New York State
Insurance Department


ISSUED 8/17/2005

FOR IMMEDIATE RELEASE

RANDOLPH MINEO IS APPOINTED TO ESTABLISH LIQUIDATION BUREAU’S
OFFICE OF THE INSPECTOR GENERAL

New York State Insurance Superintendent Howard Mills today announced that he has named Randolph Mineo to establish and head the New York Liquidation Bureau’s Office of the Inspector General (OIG). In this new position, Mr. Mineo will be tasked with directing and controlling highly confidential and sensitive investigations and managing the OIG’s efforts to prevent, detect, and report fraud, waste, and abuse in the programs and operations of the New York Liquidation Bureau (NYLB) and the insurance companies placed in rehabilitation or liquidation pursuant to orders issued by the New York State Supreme Court. In his new capacity as the first-ever Inspector General, Mr. Mineo will be responsible for promoting economy, efficiency and effectiveness at the NYLB.

"I am truly pleased to announce that Randolph Mineo will be establishing the New York Liquidation Bureau’s Office of Inspector General," said Superintendent Mills. "With Randy’s extensive experience and background in law enforcement and management, New York’s insurance consumers will be well served by this appointment. This new position calls for someone with the highest professional and personal standards, and Randy has demonstrated these standards his entire professional life. I look forward to working with him at the Liquidation Bureau."

Randolph Mineo has over 27 years of law enforcement experience, beginning as a patrol officer in the Port Washington, NY Police Department. Mr. Mineo earned promotions to the ranks of Patrol Sergeant, Lieutenant, and spent five years as Captain in charge of a 44-member patrol division. He retired from the Port Washington Police Department in July 2000 as Deputy Chief.

From 2000 until 2004, Mr. Mineo was the Chief of Police of the Wilton, CT Police Department, leading 44 sworn officers and five civilian personnel. In that capacity, Mr. Mineo managed a department budget of $4.7 million and was responsible for all operational and budgetary functions, including sensitive investigations. As Chief of Police, he worked closely with administrative staff in planning, budgeting, directing, controlling and supervising the police department, and consistently operated under budget.

As Wilton’s Police Chief, Mr. Mineo instituted a number of reforms. He increased and diversified the training of personnel in anticipation of constituent and department needs, and adopted private sector practices to enhance effectiveness. Mr. Mineo also introduced technology, such as in-car video cameras and mobile data computer terminals, to enhance productivity and increase efficiency.

Since 2004, Mr. Mineo has been an Adjunct Instructor of Criminal Justice at Western Connecticut State University, focusing on issues in police management. He has served on the Board of Directors of the Wilton Chamber of Commerce and the United Way of Norwalk and Wilton and is a member of the Wilton Rotary Club. He is also a member of the International Association of Chiefs of Police, the NY State Chiefs of Police Association, the Connecticut Police Chiefs Association, the Fairfield County Chiefs Association, and the FBI National Academy Associates.

Mr. Mineo graduated from the New York Institute of Technology with a BS in Criminal Justice, received a Master of Science from Long Island University, C.W. Post in Criminal Justice Administration, and graduated from the FBI National Academy at Quantico, VA.

About the New York State Liquidation Bureau

The New York Liquidation Bureau carries out the responsibilities of the Superintendent of Insurance as Receiver, and acts on his behalf in the discharging of his statutorily defined duties to protect the interests of the policyholders and creditors of insurance companies that have been declared impaired or insolvent. 

The NYLB has performed this function since 1909, when the New York State Legislature passed the law mandating that the Superintendent assume the separate responsibility of Receiver. In the case of each insurance company in receivership, the Superintendent as Receiver is appointed by the New York State Supreme Court. The Court approves all of the actions of the Superintendent, and by extension those of the NYLB.


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