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Insurance & Financial Services
Law firms file class-action suit against Excellus over breach
ROCHESTER, N.Y. — Law firms in Rochester and New York City have filed a class-action lawsuit on behalf of three customers against Excellus BlueCross BlueShield
Excellus works to remediate IT systems following breach
IT expert wonders if total number of affected customers could rise Excellus BlueCross BlueShield says it “had no indication” that a cyberattack on its information-technology
State senator asks Excellus to provide answers to victims of breach
New York State Sen. Michael Nozzolio (R–Fayette) wants Excellus BlueCross BlueShield to provide answers to its customers following the breach that the health-insurance company reported
ROCHESTER, N.Y. — The FBI is investigating a “sophisticated” cyberattack against Excellus BlueCross BlueShield (BCBS), which may have affected the personalinformation of about 7 million
MVP Health Care moves Syracuse office
SYRACUSE, N.Y. — Schenectady–based MVP Health Care is moving its Syracuse office to the Washington Station building at 333 W. Washington St. in Armory Square
Schumer calls for USDA to establish crop insurance for CNY farmers who grow malt barley
CAZENOVIA, N.Y. — The U.S. Department of Agriculture (USDA) should establish a crop-insurance program for Central New York farmers who grow malt barley, according to U.S. Senator Charles Schumer (D–N.Y.). Malt barley is a crop that is “crucial to the continued growth of the area’s burgeoning craft-beer industry,” the senator said during a visit Thursday
RBC Wealth Management moves to new office in Watertown
WATERTOWN, N.Y. — RBC Wealth Management has moved to a new, 5,200-square-foot location in Watertown in the Washington Street Business Park. It now operates at
Excellus Utica regional president to also oversee North Country operations
UTICA, N.Y. — Excellus BlueCross BlueShield, the largest health insurer in Central New York, announced Monday that Eve Van de Wal, regional president of its
Employers face an average 5.9 percent rise in workers’ comp loss-cost rate
DeWITT — The New York State Department of Financial Services has approved an average 5.9 percent increase in the workers’ compensation loss-cost rate for new and renewal business at fully-insured companies, which will take effect on Oct.1. That’s according to a July 17 bulletin posted at the website of the New York Compensation Insurance
State approves average rate increase of nearly 10 percent for small-group carriers
The New York State Department of Financial Services (DFS) on July 31 announced an average health-insurance rate increase of 9.8 percent by insurance carriers in the small-group market. The DFS-approved rate increase was 32 percent below the insurance carriers’ average rate-increase request of more than 14 percent, DFS said. Overall, DFS cut insurers’
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