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Insurance & Financial Services

Syracuse distressed-property fund application deadline comes in late April

SYRACUSE, N.Y. — Anyone interested in seeking funding through the City of Syracuse’s distressed-property fund has until 3 p.m. on April 26 to submit an application. The new distressed-property fund seeks to spur redevelopment and improvement of vacant, distressed commercial, mixed-use and historic properties in the city. It uses money from the American Rescue Plan

Retail Council of New York State partners with Albany firm to boost insurance offerings for members

ALBANY, N.Y. — The Retail Council of New York State has a new insurance partnership that allows the organization to offer a full suite of insurance products to its members. The Retail Council has partnered with Albany–based Mohawk Insurance Services, Inc., per a March 6 announcement. The new partnership represents an expansion of its insurance

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New York Credit Union Foundation adds Alternatives Credit Union CEO as trustee

ITHACA, N.Y. — Kevin Mietlicki, president and CEO of Alternatives Credit Union in Ithaca, became a trustee of the New York Credit Union Foundation at the start of this year. He will serve a three-year term on its board. “Credit unions that I have been a part of in the past have used the Foundation,”

Excellus net income declines 50 percent in 2022

ROCHESTER, N.Y. — Excellus BlueCross BlueShield reported net income of $58.9 million on $6.6 billion in premium revenue in 2022, down 50 percent from the $117.6 million that the health insurer generated in 2021. The nonprofit disclosed the figures in an annual financial report filed with the New York State Department of Financial Services. Rochester–based

Northwoods takes over management of Norman Shadduck Agency in Binghamton

BINGHAMTON, N.Y. — The Northwoods Corporation entered into a management agreement March 1 with the Norman Shadduck Agency, located at 32 Broad Ave., in Binghamton. Under the agreement, Northwoods now manages the daily operations of the agency. David Shadduck remains the agency’s sole owner and president. Shadduck and the agency’s one employee remain with the

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