The organization that operates insolvent New York insurance companies for the state has undergone a management shakeup at what an official said today was a "problem-plagued operation."

As part of an effort to change the non-government New York Liquidation Bureau, four people were named to top leadership posts with the organization.

The restructuring was announced by New York Superintendent of Insurance Eric R. Dinallo and Mark G. Peters, special deputy superintendent in charge of the bureau.

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