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| Affiliation | Democratic |
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| Name | Eric Dinallo |
| Address | 345 E. 86 Street - 6b
New York, New York , United States |
| Email | None |
| Website | [Link] |
| Born |
Unknown |
| Died |
Still Living
(2024 years) |
| Contributor | Dodge Landesman |
| Last Modifed | RBH
Mar 01, 2015 03:58pm |
| Tags |
Italian - Married - Straight -
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| Info | In a career spanning government, the private sector, and now academia, Eric R. Dinallo has emerged as one of New York’s leading voices at the intersection of Wall Street and Main Street. As a prosecutor, financial regulator, and senior private sector lawyer he has produced innovative solutions to seemingly intractable problems.
Insurance Superintendent
Most recently, as the New York State Superintendent of Insurance, Eric played a key role in addressing the global financial crisis by protecting policyholders at AIG, provided access to health insurance for 400,000 uninsured children, extended insurance benefits to same-sex couples, and reformed New York’s workers’ compensation system – saving New York businesses $1 billion annually while increasing payouts to injured workers by 75%. Eric also helped champion the resurrection of the New York Insurance exchange which Governor Paterson recently announced as a major priority of his administration.
Through these actions and others, including working closely with Warren Buffet to ensure the municipal bond insurance industry remained viable, he developed a reputation for being what the New York Times called a “regulator not stymied by red tape.” Speaking to the New York Times, Mr. Buffet gave Eric an “A” for his performance during the financial crisis and said he “took charge in a way that minimized the damage.” Eric also earned national acclaim shortly after taking office in 2007 for leading successful negotiations between developers and insurance companies over the World Trade Center site's multi-billion-dollar insurance claims, so that we could finally begin to rebuild.
Prosecutor
As an Assistant District Attorney in the Manhattan D.A.’s office under Robert M. Morgenthau from 1995-1999, Eric prosecuted repeat felony offenders, violent crimes, enterprise corruption, and some of the state’s first insider trading cases. Later, as Chief of the Investor Protection Bureau at the attorney general’s office from 1999-2003, he resurrected the decades-old Martin Act to aggressively prosecute fraud and abuse on Wall Street and protect the life savings and pensions of ordinary New Yorkers. While there, Eric led some of the most high-profile Wall Street cases in decades, including those that revealed conflicts of interests by research analysts at Merrill Lynch, Citigroup, and others.
Senior Private Sector Lawyer
Before his appointment as Superintendent of Insurance, Eric was Managing Director of Global Regulatory Affairs at Morgan Stanley, and the General Counsel at Willis Group Holdings, the world’s third largest insurance broker.
Personal
In addition to running for Attorney General, Eric currently teaches ethics at New York University’s Stern School of Business as the Henry Kaufman Visiting Professor of Finance, and serves on the board of the American Institute for Stuttering.
Eric lives in Manhattan with his wife Priscilla Almodovar and their two children.
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