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VIEWPOINT: Emphasizing the “success” in succession planning
A succession plan will help ensure your business continues after you move on You have spent your career building a successful business. You’ve managed a shifting economy, market changes, technological innovations, changing workforce needs, and other challenges. Now, you’re thinking about the next phase of your business lifespan and your next personal steps. How do […]
WISE to use $10K donation for financial-management program
SYRACUSE, N.Y. — The Women Igniting the Spirit of Entrepreneurship (WISE) Women’s Business Center at the Martin J. Whitman School of Management at Syracuse University (SU) is getting some financial help for a financial-management program. WISE is a Women’s Business Center dedicated to empowering Central New York’s entrepreneurs in all stages of business through training
Pathfinder Bancorp to pay Q1 dividend of 10 cents in early May
OSWEGO, N.Y. — Pathfinder Bancorp, Inc. (NASDAQ: PBHC), the bank holding company of Pathfinder Bank, has declared a cash dividend of 10 cents per share of its common stock. The first-quarter 2025 dividend is payable on May 9 to all shareholders of record as of April 18, according to an announcement from James A. Dowd,
NYAG sues National General, Allstate on cyber policies
Suit contends they failed to protect New Yorkers’ personal information New York Attorney General (NYAG) Letitia James on March 10 filed a lawsuit against several insurance companies doing business as National General and Allstate Insurance Company (NYSE: ALL) for failing to protect New Yorkers’ personal information
Smith Brothers Insurance adds Reardon Agency to its company roster
Smith Brothers Insurance LLC — with offices in Albany, Owego, Vestal, and Waverly — announced it has added The Reardon Agency of Waterford, Connecticut to
MVHS, nurse union reach tentative agreement
UTICA, N.Y. — The New York State Nurses Association (NYSNA) announced nurses at Mohawk Valley Health System (MVHS) and Wynn Hospital reached a tentative contract
Winter-weather woes bring insurance claims
The early part of 2025 brought a good, old-fashioned winter to Central New York with plenty of snow, wind, and ice. That weather produced a number of damaged and collapsed buildings, which can create insurance headaches for owners. “This year has been super crazy,” says Kimberly Hendrick, personal-claims insurance manager at OneGroup NY, Inc., the
Evolving wellness programs benefit employees, employers
There is more to wellness than physical health, and it may benefit employers to consider adding a wellness program to their workplace, area benefits experts say. The wellness plan of today looks much different than the past, when all it may have done was encourage employees to get their annual physical or have their blood
Preferred Mutual appoints chief information officer
NEW BERLIN — Preferred Mutual Insurance Company named David Smith senior VP and chief information officer, effective Jan. 1, according to a Feb. 19 announcement. In this role, he will oversee the development and implementation of innovative technology strategies that enhance customer and agency experiences while driving business-process transformation at Preferred Mutual. Smith joined Preferred
Excellus net income rebounds in 2024 despite operating loss
ROCHESTER — Excellus BlueCross BlueShield says the health plan ended 2024 with a profit of $25.6 million, citing its annual report filed with the New York State Department of Financial Services on March 1. “While the health plan last year faced several challenges, stronger-than-expected investment results helped the insurer reach a small net margin of
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