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Statement From IIABNY Chair of the Board Jack Smith on Maria Vullo's Confirmation as New York State Superintendent of Financial Services
(Dewitt, New York, June 16, 2016) - John H. Smith, Jr., CPCU, ARM, CIC, chair of the board of the Independent Insurance Agents & Brokers of New York (IIABNY), issued the following statement today in response to the New York State Senate's vote on June 15 to confirm Maria T. Vullo as the superintendent of financial services for the State of New York:
“I congratulate Maria Vullo on her confirmation by the New York State Senate as the new superintendent of financial services. The Independent Insurance Agents & Brokers of New York and its member insurance producers look forward to working with her and her staff to maintain vigorous insurance markets in New York that serve the state’s consumers and businesses well. The insurance industry contributes $38 billion in economic activity and $12 billion in wages and salaries to the state’s economy, according to a recent report from New York First. Working together, IIABNY and Superintendent Vullo can ensure that this vital part of New York’s economy will continue to protect our residents, small businesses, and other organizations.”
The Independent Insurance Agents & Brokers of New York, Inc. has represented the common business interests of independent insurance professionals since 1882. More than 1,750 agencies and their 13,000 plus employees currently rely on the DeWitt, New York-based not-for-profit trade association for legislative advocacy, continuing education and other means of industry support. In addition, most IIABNY members proudly identify themselves as Trusted Choice® agents and brokers, a national consumer brand uniting more than 21,000 independent agencies across the United States.
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