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Insurance & Financial Services
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”
State issues guidance for insurers on health-insurance claims payments
ALBANY — New York State on March 15 issued guidance alerting insurers of new protections for patients and health-care providers that “limit” health-insurance claims denials and “inappropriate” payment reductions or delays related to “medically necessary” services. The state says the actions are needed to speed up access to health-care services as the COVID-19 pandemic continues.
VIEWPOINT: Tips to help make the most of your health plan in 2021
Last year was a difficult one as the COVID-19 pandemic swept through our country, impacting families and communities nationwide. The health challenges of the pandemic also provided a crucial reminder about the importance of health care. For many New York residents and Americans, new health-plan benefits for 2021 began in January. If this is your situation, now
CenterState CEO announces Business of the Year Award finalists
SYRACUSE, N.Y. — CenterState CEO on Thursday announced finalists for its 2021 Business of the Year Awards in five categories. The awards recognize member companies
Johnson City woman arrested for stealing wallet, making charges on victim’s credit cards
JOHNSON CITY, N.Y. — New York State Police in Binghamton announced they have arrested a Johnson City woman for stealing a wallet and making purchases
M&T Bank Fund awards grants to Mohawk Valley organizations
UTICA, N.Y. — Seven Mohawk Valley nonprofits will benefit from more than $160,000 in grants that the M&T Bank/Partners Trust Bank Charitable Fund (MTPT) awarded
Excellus’ annual financial report reveals pay, net-income data
ROCHESTER, N.Y. — The top three officers of Excellus BlueCross BlueShield, Central New York’s largest health insurer, all had seven-figure salaries in 2020. CEO Christopher Booth was paid a salary of more than $3.2 million; Stephen Sloan, chief administrative officer and general counsel earned more than $1.4 million; and CFO Christopher Gorecki received more than
Sysco to pay quarterly dividend of 45 cents in late April
Sysco Corporation (NYSE: SYY) recently announced that its board of directors has declared a regular quarterly cash dividend of 45 cents a share. The dividend is payable on April 23, to common shareholders of record at the close of business on April 1. Sysco sells, markets, and distributes food products to restaurants, health care and
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