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Insurance & Financial Services

Jim Rollo Insurance and Financial Services authorized to start selling State Farm products in Pennsylvania

BINGHAMTON — Jim Rollo Insurance and Financial Services, Inc., a nine-year-old Southern Tier insurance agency, recently announced it has been granted authorization to sell State Farm insurance and financial services in the state of Pennsylvania. The insurance agency’s owner says he’s entering the Keystone State due to customer demand. “Since we opened our business in

Schumer: Change in federal-funding formula hurts rural hospitals in upstate New York

LOWVILLE, N.Y. — The federal Centers for Medicare and Medicaid Services (CMS) has changed a funding formula and is pursuing millions in retroactive payments from some New York hospitals benefiting from two federal programs. That’s according to U.S. Senator Charles Schumer (D–N.Y.), who said he’d fight attempts to “claw back critical” federal funds that allow

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New York employers report need for skilled labor; apprentice programs help fill gaps

A recent report published by the New York State Department of Labor indicates that employers are facing labor shortages as they seek workers to fill skilled trade jobs. The report states that these shortages are mainly due to baby boomers retiring. The demand for skilled labor represents a good opportunity for high-school graduates and individuals

Community Bank to expand retirement-plan administration business with $140M acquisition

DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) on Dec. 5 announced it will acquire Northeast Retirement Services, Inc. (NRS) — a privately held, Woburn, Massachusetts–based retirement-plan administrative services firm — for about $140 million in cash and stock. After the deal closes, NRS will become a subsidiary of Benefit Plans Administrative Services, Inc. (BPAS),

State announces winners of 76West clean-energy competition in the Southern Tier

VESTAL — Six companies won prize money in the 76West Clean Energy business competition in the Southern Tier. The office of Gov. Andrew Cuomo described it as “one of the largest competitions in the country that focuses on supporting and growing clean-energy businesses” in a news release issued Nov. 30. Lt. Gov. Kathy Hochul announced

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