Document Type
Lessons Learned
JEL Codes
G01, G28
Abstract
Eric Dinallo was New York State Superintendent of Insurance from January 2007 through July 2009. In New York, as throughout the United States, insurance companies are regulated at the state level. In his position as Superintendent, Dinallo oversaw the insurance operating companies of American International Group (AIG) within New York. AIG’s holding company, however, was supervised at the federal level. Much of AIG’s problems came from its non-insurance subsidiary AIG Financial Products (AIGFP), which was a major presence in the market for credit default swaps (CDS), a type of derivative that was a factor behind the 2007-09 financial crisis. This “Lesson Learned” is based on an interview with Mr. Dinallo.
Recommended Citation
Haggerty, Maryann
(2021)
"Lessons Learned: Eric Dinallo,"
Journal of Financial Crises: Vol. 3
:
Iss. 1, 504-508.
Available at:
https://elischolar.library.yale.edu/journal-of-financial-crises/vol3/iss1/16
Date Revised
2021-04-16
Included in
Economic Policy Commons, Economic Theory Commons, Finance Commons, Finance and Financial Management Commons, Infrastructure Commons, Insurance Commons, Macroeconomics Commons, Political Economy Commons, Public Affairs Commons, Public Economics Commons