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New York Names Mills Insurance Superintendent

After spending four months as Acting Insurance Superintendent of New York, Howard Mills has the job permanently. The New York state Senate has confirmed Mills...
May 27, 2005

After spending four months as Acting Insurance Superintendent of New York, Howard Mills has the job permanently. The New York state Senate has confirmed Mills as the permanent regulator in charge of overseeing more than 1,000 insurance companies in the state. Mills took over as the broker disclosure controversy was beginning. To prevent crises in the insurance industry from escalating as they have in the past year, Mills said he is in the midst of putting in place a two-pronged approach to addressing emerging issues in the future, involving the creation of a corporate practices unit and foregoing the department's usual practice of periodic examinations in favor of a more "surgical," risk-based exam schedule.

"What happened with Marsh & Mac never should have gotten to the AG's office," Mills said. "If the insurance department had these resources in place, it never would have gotten to the point of attention by the attorney general."

NY Senate Confirms Mills as Insurance Superintendent (Insurance Journal 5/18/05) 

Audio Interview With NY Superintendent Mills (Insurance Journal 5/15/05) 

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