From the New Mexican--1:04 pm: Serna retires:
SANTA FE (AP) - State Insurance Superintendent Eric Serna has agreed to retire as part of a settlement agreement approved Thursday by the state Public Regulation Commission. Serna, whose retirement was sought by the commission, has been under investigation by the PRC. The agency also asked state Attorney General Patricia Madrid in March to investigate a contract between the state Insurance Division and a Santa Fe bank that had made hefty contributions to a nonprofit foundation led by Serna. Serna will retire June 14, allowing him to attend a conference of the National Association of Insurance Commissioners _ but not at state expense. He is the secretary-treasurer of the group.Until then, Serna will be taking vacation and will not be allowed to do any Insurance Division business.