Monday, November 10, 2008

Eric Dinallo to Head SEC?

Rumors are percolating that NYS Superintendent of Insurance Eric Dinallo will head the SEC in an Obama administration. This information comes via William Walters at the FedPoint Blog.

If this happens, it will no doubt have an effect on the medical malpractice insurance task force that he has up and running in New York, to determine what, if anything, should be done about malpractice insurance rates. He had previously threatened a $50,000 surcharge on doctors as a way to move his task force along.

Dinallo had been appointed by Eliot Spitzer, who had given a rousing speech to doctors that had come to Albany to lobby last year, just days before his prostitution scandal erupted. Many consumer advocates have been worried that he would try to "fix" the malpractice insurance problems by restricting access to injured patients to the courts, instead of addressing the source of the problems.

Anyone with more details on the rumors, feel free to contact me here: Blog [at] TurkewitzLaw.com

Labels: Insurance Industry

posted by Eric Turkewitz
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Comments:

Things are yet to be seen. As any newly-appointed public official, Dinallo must be given a chance to prove himself.

# posted by  LAlawblogger : November 13, 2008 2:24 AM

 

Whoever will head the SEC should see to it that he/she does everything within his/her power to render public service and help this country bring back its glory.

# posted by  BloggerPal : November 13, 2008 3:02 AM

 

I'm not really focused on the SEC here, but the issue of who (if Dinallo gets the gig) takes his place in New York as the head of the insurance department.

That may bring up new issues with respect to the med mal task force, as well as other issues that the dep't deals with.

# posted by  Eric Turkewitz : November 13, 2008 11:27 AM

 

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