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Mercer survey: Health-benefit costs expected to grow 4.4 percent in 2021
Employers expect their health-benefit costs to increase 4.4 percent, on average, in 2021 compared to 2020. That’s according to early results from Mercer’s National Survey of Employer-Sponsored Health Plans 2020. The increase — based on 1,113 employer responses since early July — is “largely in line” with the average annual cost growth over the past six […]
State introduces regs on insurance for mental health and substance-use disorders
“This regulation provides important protections so that New Yorkers receive the coverage and benefits they need. It is particularly critical now as more people experience increased stress from the three simultaneous crises in public health, the economy, and civil rights,” Linda Lacewell, New York State Superintendent of Financial Services, said in a statement. “DFS is
New York Bankers Association taps COO to become group’s first female CEO
The New York Bankers Association (NYBA) on Tuesday announced that COO Clare Cusack will become the first woman to serve as president and CEO of
Brown & Brown Insurance boosts quarterly dividend by nearly 9 percent
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that its board of directors has declared a regular quarterly cash dividend of 9.25 cents a share. The dividend is payable on Nov. 18 to shareholders of record on Nov. 4, the insurance agency said in a news
Tompkins Financial Advisors to present monthly virtual financial discussions on women and wellness
ITHACA, N.Y. — Tompkins Financial Advisors will be hosting monthly virtual “Women & Wellness” financial roundtable discussions beginning this month. These conversations will feature women
Excellus BCBS to issue $21 million in premium-refund credits due to pandemic
DeWITT, N.Y. — Excellus BlueCross BlueShield (Excellus BCBS) on Wednesday announced it is issuing $17.6 million in medical-premium refund credits to about 700 large-group employer
SBA honors four Onondaga County businesses with Small Business Excellence Awards
The U.S. Small Business Administration (SBA) has recognized companies in Syracuse, Skaneateles, Clay, and Cazenovia with Small Business Excellence Awards. The small businesses are Farmer
Oswego County court reporter pleads guilty to stealing $187K in overbilling scheme
In all, the Inspector General’s Offices found that Hayes overbilled four insurance carriers for $187,700. “This stenographer engaged in a brazen and illegal scheme to
Onondaga County receives $38 million sales-tax payment, says 2020 budget deficit tops $19 million
SYRACUSE, N.Y. — Onondaga County on Monday received a sales-tax payment of nearly $38 million, leaving the sales-tax deficit in the county’s 2020 budget at
Security Mutual Life Insurance appoints Inneo as general counsel
BINGHAMTON, N.Y. — Security Mutual Life Insurance Company of New York announced it has promoted Susan A. Inneo to senior VP, general counsel, and secretary.
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