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Insurance & Financial Services

AAA’s new Watertown Travel & Insurance Center is a more efficient size

WATERTOWN, N.Y. — AAA’s new Travel & Insurance Center in Watertown is a “much more efficient size and member-friendly office,” Elizabeth Carey, director of public relations and corporate communications for AAA Western and Central New York, says. The new 1,800-square-foot space is located at 19472 U.S. Route 11 in Watertown, not far from its previous

NBT Bank creates chief diversity officer role

NORWICH, N.Y. — NBT Bank is taking the next steps in its diversity, equity, and inclusion efforts by creating and filling a full-time chief diversity officer position. “It’s pretty clear in the research over time that a diverse workforce and a diverse leadership team provide better results,” says John H. Watt, Jr., president and CEO

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Nationwide Life Insurance to pay $5.6M for annuity-related violations

The New York State Department of Financial Services (DFS) entered into a consent order with Nationwide for those regulation violations, Adrienne Harris, superintendent of financial services announced May 20.  Under the order, Nationwide will pay about $3.4 million in restitution to New York State consumers, along with $2.24 million in penalties. Impacted consumers will also

Wealth manager says alternative investments can help diversify portfolios

UTICA, N.Y. — Typical investments in stocks, bonds, and money market funds still make up the foundation of most investment portfolios, but alternative investments can offer a variety of ways to diversify, says one Utica wealth-management professional. “There’s this whole other universe of ways to make money,” says David K. Griffith, owner of D.K. Griffith

Reed joins Key Private Bank in Syracuse

SYRACUSE, N.Y. — Heather Reed has recently joined Key Private Bank in Syracuse as an associate relationship manager.  In this role, Reed is responsible for managing and building client relationships based upon knowledgeable advice that is aligned to the clients’ financial needs and advocating solutions that help clients reach their goals, KeyBank said in an

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