NYSIF Head Steps Down Amid Controversy

By Leigh Kamping-Carder (March 9, 2009, 12:00 AM EDT) -- The executive director of the New York State Insurance Fund has resigned amid accusations of overcompensation and inquiries into mismanagement at the agency.

Executive Director David Wehner stepped down on Thursday at the request of New York Governor David A. Paterson. He reportedly cited personal reasons for his resignation.

In recent weeks, NYSIF has been embroiled in two separate controversies that were exposed by an Albany newspaper.

In the first instance, Wehner employed a "director of investigations" who collected an annual salary for next to no work, according to the Times Union of Albany, N.Y.. The New York State Office of...

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