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Insurance & Financial Services
You’re Not Alone: Resources and Support Through the COVID-19 Pandemic
In these uncertain times, you can rely on Excellus BlueCross BlueShield to respond to the needs and concerns of the local community, just as we
Palmieri announces economic-stimulus loan program for Utica businesses
UTICA, N.Y. — Utica Mayor Robert Palmieri has announced an economic-stimulus loan program to assist local businesses that have been impacted by the COVID-19 pandemic.
ESD seeks applications for second round of Grow-NY agribusiness competition
Empire State Development (ESD) is now accepting applications for the 2020 Grow-NY agribusiness competition. Grow-NY — in the second year of its three-year initiative — targets the food and agriculture cluster in Central New York, the Finger Lakes, and the Southern Tier regions of New York. The competition attracts “high-growth” food and agriculture startups “from
How small businesses can benefit from the $2.2 trillion coronavirus relief package
The newly acted $2.2 trillion stimulus law has several features that will help small businesses stay afloat and keep their employees during the coronavirus crisis. Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act on March 27 and President Trump signed it into law. U.S. Small Business Administration (SBA) Administrator Jovita Carranza and U.S.
Unemployment Insurance Benefits Under the CARES Act
On March 27, 2020, President Trump signed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) — a $2.2 trillion stimulus bill to respond to the coronavirus pandemic. The unemployment-insurance portion of this act, known as the Relief for Workers Affected by Coronavirus Act, provides enhanced unemployment benefits including larger benefit amounts, availability for
The Agency announces emergency loan fund for Southern Tier businesses amid coronavirus crisis
DICKINSON, N.Y. — The Agency on Tuesday released details of an emergency loan fund for greater Binghamton–area businesses impacted by the ongoing coronavirus-related shutdown of
Cuomo extends to April 15 requirement that 100 percent of non-essential employees work from home
ALBANY, N.Y. — Gov. Andrew Cuomo on Sunday extended the “New York on PAUSE” directive — mandating that companies have 100 percent of their non-essential
SBA Syracuse District director offers tips to small businesses on agency’s disaster loans
SYRACUSE, N.Y. — Bernard J. Paprocki, director of the U.S. Small Business Administration (SBA) Syracuse District Office, says the volume of calls and web traffic
DFS: Insurance firms must waive cost-sharing for in-network telehealth visits
New York insurance companies are now required to waive cost-sharing — including deductibles, copayments (copays), or coinsurance — for in-network telehealth visits. The New York State Department of Financial Services (DFS) on March 20 announced it adopted the new emergency regulation under New York Insurance Law. The new adopted emergency regulation follows Gov. Andrew Cuomo’s
What does insurance cover in the coronavirus crisis?
The coronavirus situation is on everyone’s mind. We are receiving calls asking, “How will my policy respond?” We know many more of you have similar questions. Here is a brief primer on how insurance will likely respond and what your organization can do to prepare. The two policies under primary consideration regarding a coronavirus outbreak are
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