New York State to Acquire Leading New Insurance Regulator

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  • Adrienne Harris is a Columbia University alumnus who worked in the Obama White House and the Treasury Department.
  • She was general counsel with a title insurer.
  • Bill Michalisin, the new head of the actuarial group, also visited Columbia.

New York is building a financial services regulator that could serve as a national leader in insurance regulation.

New York Governor Kathy Hochul, who recently took over from Andrew Cuomo, has appointed Adrienne Harris to succeed Linda Lacewell as Superintendent of the New York State Department of Financial Services. The state superintendent oversees insurers as well as other financial institutions.

Harris is already the acting superintendent of the state.

and the Obama Administration’s Distributed Ledger Technology Working Group.

She was also a senior advisor to the Secretary of the Treasury.

She holds a bachelor’s degree from Georgetown University, a master’s degree in commerce from New York University, and a law degree from Columbia University.

The position of New York Superintendent is particularly important in the world of insurance regulation, as New York State sometimes separates from the consensus of the National Association of Insurance Commissioners and has different rules. Some life insurers have responded by selling in all states except New York, or by creating separate subsidiaries that focus solely on the New York state market.

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