SERNA CALLS IT QUITS

Embattled state Insurance Commissioner has accepted a deal from the Public Regulation Commission and has agreed to retire. (Read the Associated Press story HERE.)

Here's part of a statement he issued:

Events, unfortunate timing and political agendas that have come to light over the last several weeks have placed the State of New Mexico Insurance Department in an unfortunate light. Your effort to clear my name is very much appreciated. That effort, combined with the inaccurate rumors, innuendo and speculation being raised by political agendas continue to have a ripple effect on the ability of our office to effectively and efficiently serve the people of our great state. In order to help this department refocus on serving the people, I submit to you my intention to retire as Superintendent of Insurance for the New Mexico Insurance Division June 14, 2006.

Governor Bill Richardson just issued a statement about Serna, praising his friend, who is being investigated for dealings with a Santa Fe bank and a non-profit health organization.

“Eric Serna has devoted 29 years of his life to public service. During his career, he has served the people of New Mexico ably, promoted economic development, and helped the underprivileged. I support his decision to retire and put the interests of the people of New Mexico first.”

Be sure to read The New Mexican tomorrow ...