NU Online News Service, May 28, 4:25 p.m. EDT

New York Insurance Department Superintendent Eric Dinallo, who is reported as a likely candidate for elective office will resign his post July 3 to take an academic post, Gov. David Paterson announced today.

Mr. Dinallo, who has been a high profile activist as superintendent, will become the Henry Kaufman Visiting Professor of Finance at New York University's Stern School of Business.

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