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Serio to Depart Next Month; Governor to Nominate Mills as Successor

Governor George E. Pataki today announced that New York State Insurance Superintendent Gregory V. Serio will be departing the agency next month, and that he will nominate New York State Assemblyman Howard D. Mills III to succeed Serio for the top Insurance post.

"Greg Serio deserves an enormous amount of credit for the outstanding job he did as Superintendent of Insurance," Governor Pataki stated. "From the launch of our nationally-acclaimed Healthy NY program to our successful efforts to crack down on auto insurance fraud and streamlining the agency's operations for consumers and the business community, Greg has played a critical role in every important insurance initiative we have advanced.

"Howard Mills brings an extensive knowledge of insurance regulation, legislative expertise, and management experience to one of the most important regulatory positions in the financial services industry," Governor Pataki said. "Howard has built a solid reputation in the New York State Legislature and worked extensively on Insurance issues, and I know he will do an outstanding job as our State's next Insurance Superintendent."

The Superintendent of Insurance is responsible for the monitoring and regulation of more than 1,000 insurance companies with cumulative assets exceeding $2 trillion. The position also includes oversight responsibility for more than 100,000 brokers, agents and financial intermediaries and the management of approximately 1,500 department employees.

Superintendent Serio has held the top Insurance post since May 2001, but joined the Insurance Department in 1995 as First Deputy Superintendent and General Counsel. Serio will be departing next month for a position in the private sector.

Assemblyman Mills will complete more than six years of service representing New York's 97th Assembly District (Orange and Rockland counties) at the end of the month, during which he has served in many important leadership positions. He served as Deputy Minority Leader and was a member of State Assembly's Insurance, Housing, and Ways and Means Committees. Mills' nomination is subject to confirmation by the New York State Senate.

Assemblyman Mills career in elective office dates back to 1989, when he won the first of two terms as a Councilman in the Town of Wallkill. Mills was subsequently elected and re-elected Wallkill Town Supervisor before his 1998 election to the New York State Assembly.

Mills, a Major in the New York Guard, 56th Brigade, received his bachelor's degree from Marist College, Poughkeepsie, NY and earned a master's degree in government and public affairs at The American University in Washington, DC. Assemblyman Mills and his wife, Erin, reside in the Town of Hamptonburgh with their son, Jack.

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