Joseph Termini, Locust Valley, New York Liquidation Bureau head, dies
Joseph Termini, Locust Valley, New York Liquidation Bureau director, passes away.
Joseph Termini, Former New York Liquidation Bureau Leader, Dies at 87
January 15, [current year]
Background and Career
Joseph Termini, a prominent figure in the New York legal community and former leader of the state bureau overseeing failing insurance companies, passed away at the age of 87. Termini, a resident of Locust Valley, had a remarkable 40-year legal career before retiring in 2002.
Termini joined the New York Liquidation Bureau as an attorney in 1972 and later became the special deputy superintendent in 1994. During his tenure, he played a crucial role in negotiating multimillion-dollar deals to safeguard insurers’ assets for policyholders and creditors. In 1989, he achieved a groundbreaking $48 million settlement, holding the parent company of a failing insurer accountable, marking a significant milestone in the industry.
Termini’s expertise and dedication were widely recognized, leading his co-workers to honor him by naming a conference room after him when he retired. Jim O’Connor, Termini’s successor, praised his management skills and humble approach, highlighting his respected position within the legal community.
Passing and Legacy
On January 15, Joseph Termini passed away after battling various health issues over the course of a year. His family shared that even during his health struggles, he retained his easy-going spirit and love for storytelling, which he had developed during his youth in Brooklyn.
Joseph Termini’s principles and strong character were evident from an early age. A childhood friend, Joe Genovese, recalled how Termini stood up for him when baseball coaches intended to cut him from the team. Termini’s commitment to doing what he believed was right, even when unpopular, shaped his life and career.
A Life-Changing Conversation
One conversation at the Termini household had a profound impact on Joseph’s future. A painter mentioned that his son was attending The Citadel military college in South Carolina, sparking Joseph’s interest. Although he initially felt uncertain about his decision, Joseph enrolled at The Citadel and persevered through the challenges he faced during his first year.
Joseph’s wife, Mary Jo Termini, emphasized that he took immense pride in his time at The Citadel, as it instilled in him a sense of order, honor, and integrity. These values continued to guide him throughout his legal career.
A Distinguished Career and Personal Life
After graduating from The Citadel in 1958, Termini served as a second lieutenant in the Army, delivering classified information in the Pentagon. He later pursued a law degree at St. John’s University, balancing his Army Reserve duties and work as an insurance underwriter.
Termini’s interest in public service led him to run as a Republican candidate for the state Assembly and Senate, although he did not win. Despite the losses, he enjoyed engaging with people and exchanging views, showcasing his genuine interest in connecting with others.
In his later years, Joseph Termini cherished spending time with his wife and their dogs, Dakota and Sachi, reflecting on the most important aspects of his life: family and his reputation as an honest attorney.
Remembering Joseph Termini
Joseph Termini’s legacy lives on through his loving family. He is survived by his wife, Mary Jo Termini, and his children: Susan Valzovano, Pauline Karcher, Pamela Florio, and Jennifer Termini. His first wife, Patricia, passed away in 1993.
A Mass was celebrated on January 18 at St. Patrick Church in Glen Cove, followed by burial at St. John Cemetery in Middle Village, Queens. His impact on the legal community and his commitment to serving the public will be remembered and respected for years to come.
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“Joseph Termini of Locust Valley, New York Liquidation Bureau head, dies at 87”
“Joseph Termini, former head of Locust Valley, New York Liquidation Bureau, passes away at 87”.
