NU Online News Service, March 31, 3:09 p.m. EST
New York has officially adopted its $132.5 billion budget, which gives the rubber stamp on a proposal to merge the state's banking and insurance departments.
Language within bills that passed overwhelmingly by both chambers just after midnight on March 31 satisfied the insurance industry, says Kristina Baldwin, assistant vice president for the Property Casualty Insurers Association of America (PCI).
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