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Insurance & Financial Services
RBC Wealth Management moves to new office in Watertown
WATERTOWN, N.Y. — RBC Wealth Management has moved to a new, 5,200-square-foot location in Watertown in the Washington Street Business Park. It now operates at
Excellus Utica regional president to also oversee North Country operations
UTICA, N.Y. — Excellus BlueCross BlueShield, the largest health insurer in Central New York, announced Monday that Eve Van de Wal, regional president of its
Employers face an average 5.9 percent rise in workers’ comp loss-cost rate
DeWITT — The New York State Department of Financial Services has approved an average 5.9 percent increase in the workers’ compensation loss-cost rate for new and renewal business at fully-insured companies, which will take effect on Oct.1. That’s according to a July 17 bulletin posted at the website of the New York Compensation Insurance
State approves average rate increase of nearly 10 percent for small-group carriers
The New York State Department of Financial Services (DFS) on July 31 announced an average health-insurance rate increase of 9.8 percent by insurance carriers in the small-group market. The DFS-approved rate increase was 32 percent below the insurance carriers’ average rate-increase request of more than 14 percent, DFS said. Overall, DFS cut insurers’
Community Bank Wealth Management opens Plattsburgh office
PLATTSBURGH, N.Y. — Community Bank Wealth Management Group, a subsidiary of Community Bank System, Inc. (NYSE: CBU), has opened a new location in Plattsburgh. The
Pinnacle Investments opens new office in Marcellus, hires Carlson as financial advisor
MARCELLUS, N.Y. — Pinnacle Investments, LLC, a Syracuse–based financial-services firm, announced it has opened a new office at 16 W. Main St. in the village
Delmonico Insurance Agency to move to new HQ, add employees
SYRACUSE — The Delmonico Insurance Agency, an independent, family-owned firm, plans to move to a larger office this fall. The agency is also interviewing to add staff even before the move. The employee growth will include hiring for positions that include entry-level customer support and advance account manager. “With the growth of
Independent Insurance Agents of CNY elects new officers
SYRACUSE, N.Y. — The Independent Insurance Agents of Central New York (IIACNY) has announced new officers. The association’s new leaders took the oath of office
MVP Health Care posts $12.4 million loss in 2014
MVP Health Care lost $12.4 million in 2014, which it said was a “nine percent improvement over 2013.” The Schenectady–based health insurer announced its 2014
Study: Proposed Obamacare rates average 12 percent higher for 2016
Rate filings for nearly 4,000 plans nationwide indicate Affordable Care Act premiums will be an average of 12 percent higher for 2016. That’s according
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