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Insurance & Financial Services
Lenders prepare for new rules on mortgages
Mortgage lenders across the region and country are likely to spend some time over the next year preparing for new rules coming from the Consumer Financial Protection Bureau (CFPB). The CFPB and the new lending rules it’s issuing stem from the financial crisis that began in 2008 and the actions by some lenders that led […]
Comptroller plans monitoring system for local governments
New York Comptroller Thomas DiNapoli released a final version of plans today for a statewide local government fiscal monitoring system. The system aims to identify
Welcome to the 2013 edition of The Central New York Business Journal’s Works In Progress feature. Every year we yield the floor to the businesses and nonprofit organizations we cover in order to obtain a snapshot of the local business scene. The information listed here was compiled and edited from forms that companies and nonprofits completed to showcase
BHL expands in Capital District with Schenectady agency acquisition
ONEIDA — The recently closed acquisition of an insurance agency in Schenectady gives Oneida Financial Corp.’s insurance unit a stronger foothold in the greater Albany market. McMahon, Fenaroli and White, which does business as Schenectady Insuring Agency (SIA), was merged into Bailey, Haskell & LaLonde (BHL), a subsidiary of Oneida Financial (NASDAQ: ONFC), on Dec.
Progressive moving offices from Salina to DeWitt
DeWITT — Progressive Insurance operations in the Syracuse area are scheduled to move at the beginning of February. Mayfield Village, Ohio–based Progressive is set to
POMCO on track to finish headquarters addition this winter
SYRACUSE — The expansion of POMCO Group’s headquarters in Syracuse is on pace to wrap up by March. POMCO broke ground on the addition to its building at 2425 James St. in the city’s Eastwood section in early 2012. Construction crews are adding about 18,000 square feet of space over two floors to the building,
Titan eyeing new CNY sector after being acquired
Titan Insurance & Employee Benefits Agency, LLC could be reaching into a new sector in and around Syracuse after being acquired by U.S. Retirement Partners. “The expansion to the Central New York market will be driven by two factors now,” says Eric Gilbert, Titan’s executive vice president. “We have what I call the corporate market.
N.Y. holds health premium increases to 7.5 percent
New York’s Department of Financial Services (DFS) trimmed nearly five percentage points from health insurers’ requested rate increases for 2013. Insurers operating in the state
Blue Ocean caps year of growth in 2012
SYRACUSE — Blue Ocean Strategic Capital, LLC went through a growth spurt in 2012, adding two new staff members from Morgan Stanley Smith Barney in Syracuse and acquiring Hebert Financial Strategies of Liverpool. Stephen Chow and Jeffrey Moro joined Blue Ocean from Morgan Stanley Smith Barney in July. It’s one of the first times in
Oneida Financial to acquire insurance agency in Schenectady
ONEIDA — Oneida Financial Corp. (NASDAQ: ONFC), parent of Oneida Savings Bank, announced today that it has agreed to acquire McMahon, Fenaroli and White, Inc.,
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