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Insurance & Financial Services

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

Ask Rusty: What’s the Best Way to Start Receiving My Survivor Benefit?

Dear Rusty: When one becomes a widow/widower, what is the most efficient way to start receiving the deceased’s monthly Social Security.  Signed: Still Grieving Dear Still Grieving: There is really only one way to start receiving surviving spouse benefits — you must contact Social Security (SS) directly to apply. You can call (800) 772-1213 or

State expects upgraded WARN Act portal to go live in April

“Improving user experience is a top priority to the Department and embracing technological solutions is helping us fulfill that mission,” Roberta Reardon, commissioner of the New York State Department of Labor, said. “These latest improvements will help employers give workers a heads-up about closures and layoffs. Early warnings help shorten the time that employees are

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Bond law firm names chief human resources officer

SYRACUSE — Bond, Schoeneck & King PLLC recently announced it has named Pamela M. O’Rourke as the law firm’s chief human resources officer.  O’Rourke oversees the human resources department, working with the Syracuse–based firm’s leadership on issues relating to its people. She is responsible for the overall administration, coordination and evaluation of a variety of

Byrne appointed to M&T Bank Directors Advisory Council for CNY

SYRACUSE, N.Y. — M&T Bank recently announced it has appointed Mark V. Byrne, president & CEO, of Sonbyrne Sales Inc./Byrne Dairy Stores, to its Directors Advisory Council for Central New York. Serving as ambassadors to the business community, the 10-member council meets regularly throughout the year to provide bank leadership with valuable perspectives and solutions

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