June 1, 2009
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The Legislative Cure Masking the Disease?
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It was probably an unfair interview inasmuch as we met with Jim Wrynn only five days after he took the helm at the New York State Insurance Fund. The scope of the enterprise, which has over $12 billion dollars of net admitted assets and includes more than 2,600 employees in numerous offices across the state, is rather ponderous even for an experienced executive in the field itself. To come in from the outside would be, to us, an estimable challenge. Nonetheless, the new chief of the New York State Insurance Fund gave us an interview with no provision of questions in advance and spoke honestly about his views on several aspects of the job ahead and on some issues facing the State Fund that he will address over the course of his tenure. The impression one gets of Jim Wrynn, as he sat in his stark office, is of an indecorous, straight, yet not cold executive who is careful with his words, but generous with his openness. I could not tell whether the absence of decoration, office comforts and the usual knick knacks that go into executive offices signified the fact that the new NYSIF chief was too new in the office to have moved in or on the other hand so spartan and focused that those nesting type comforts were not important to his success. Surely after our discussion and the Q& A there is no doubt that Jim Wrynn does not suffer from mission drift, he is focused, he is pleasantly new to the type of role he has in that he is not someone who has been in state government for many years, simply going to the next step. He has the refreshing potential for carrying out the improvement and administration of this important state mechanism in a time of economic turmoil. Here are his answers to our 9 questions.
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