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Insurance & Financial Services
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 […]
Brown & Brown Insurance net income jumps 31 percent in Q1
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, reported that its net income rose 31 percent to $199.7 million in the first quarter from $152.4 million in the year-ago quarter. The company’s net income per share increased almost 30 percent to 70 cents from 54 cents a year prior.
Survey: Confidence in retirement security remains steady amid pandemic
“Even with changes in the labor market, workers’ confidence in their ability to live comfortably in retirement remains high overall,” Craig Copeland, EBRI senior research associate and co-author of the report, said. “However, while resilience may be the watchword for 2021, three in 10 workers say the pandemic has negatively impacted their ability to save
Binghamton University SBDC helps bars, restaurants apply for federal pandemic-relief funding
BINGHAMTON, N.Y. — The New York State Small Business Development Center (SBDC) at Binghamton University is available to assist small businesses throughout the region with
Five Star Bank to relocate its Elmira branch
ELMIRA, N.Y. — Five Star Bank has announced the planned relocation of its Elmira branch to 100 West Water St. from its current location at
VIEWPOINT: Post-Pandemic Money Moves: Financial Considerations For Business Owners & Leaders
The COVID-19 pandemic inflicted unforeseen hardship on countless businesses across New York state and beyond, causing many business owners to tap into personal savings or retirement accounts to endure the devastating economic fallout. For many of these business owners, the impact of the pandemic forced tough decisions that have come at the cost of self-sacrifice to remain
AmeriCU Credit Union offering certified financial counselors
ROME, N.Y. — AmeriCU Credit Union recently announced the certification of 12 credit union financial counselors. To earn certification, an individual must complete required examinations as provided by the Credit Union National Association’s Financial Counseling Certification Program (FiCEP), AmeriCU said in an online news release. These counselors are available to provide AmeriCU members with personalized
People news: Hudnall joins Preferred Mutual as senior VP of underwriting
NEW BERLIN, N.Y. — Preferred Mutual Insurance Company announced that Matthew (Matt) Hudnall has joined the company as senior vice president of underwriting. Hudnall will
Tioga State Bank CEO named chair of Independent Community Bankers of America
SPENCER, N.Y. — Robert Fisher, president and CEO of Tioga State Bank, N.A. (TSB), has been elected chairman of the Washington, D.C.–based trade group, the
MVP Health Care offers level-funded insurance plans
SCHENECTADY, N.Y. — MVP Health Care this summer plans to offer New York employers with more than 100 subscribers a product it’s calling a “level-funded”
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