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Insurance & Financial Services

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Millennial, Gen Z consumers prefer digital, in-person banking combo

About 85 percent of Americans say they will use digital tools to conduct some or all financial transactions after the COVID-19 pandemic, according to a recently released survey report from KeyBank. However, Millennial and Gen Z consumers (which this study defined as those under age 35) prefer a combination of digital and in-person banking more often than

DFS offers guidance for N.Y. insurers on managing climate-change financial risks

The New York State Department of Financial Services (DFS) has issued a proposed, detailed guidance for New York–regulated domestic insurers, outlining the department’s expectations for managing the financial risks from climate change.  The proposed guidance builds on the DFS circular letter on Sept. 22, 2020. That letter outlined the department’s expectations that all New York insurers start

MVP Health Care to start offering level-funded insurance plans in July

SCHENECTADY, N.Y. — Beginning this summer, MVP Health Care will offer “level funded” insurance plans to employers with more than 100 subscribers, or health-plan participants.  Level-funded plans offer employers “an alternative to traditional fully insured or self-funded plan options,” MVP said.  MVP will start offering the plans July 1, director of public relations at MVP

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