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Insurance & Financial Services
Blue Ocean settles into new space in Washington Station
The financial planning and investment advisory firm also readies another acquisition SYRACUSE — Blue Ocean Strategic Capital, LLC has settled into a larger office in downtown Syracuse that provides the financial planning and investment advisory firm more room to implement its growth strategy. In mid-April, Blue Ocean moved to a 7,500-square-foot space on the second […]
Excellus BCBS says it exceeded standards for the amount spent on medical care in 2012
DeWITT — Excellus BlueCross BlueShield (BCBS), Central New York’s largest health insurer, today said it exceeded federal and state standards by $330 million in the amount
Preferred Mutual Insurance hires director of commercial lines
NEW BERLIN — Dan Stedman joined Preferred Mutual Insurance Co. as director of commercial lines this week. Stedman brings the insurance firm more than 30
Leading EDGE Awards winners announced
WHITESBORO — The 12th edition of the Leading EDGE Awards will be presented to companies from the Mohawk Valley on May 30. This year’s business
MVP Health Care acquires Hudson Valley health insurer, reduces workforce
MVP Health Care on Friday announced the acquisition of Hudson Health Plan, a health insurer and Medicaid managed-care organization headquartered in Tarrytown. Neither organization is
Gillibrand outlines priorities in proposed farm bill
As area farmers watch over their crops, milk their cows, and produce fruits and vegetables for markets, the $500 billion farm bill soon will again be under consideration on Capitol Hill. The Senate Agriculture Committee is expected to begin considering the farm bill during the week of May 13, according to U.S. Senator Kirsten Gillibrand
Survey: Tax penalty won’t motivate consumers to buy health insurance
Most people don’t believe having to pay a penalty for remaining uninsured will motivate them to buy insurance starting in October. That’s according to the results of a new consumer survey that HealthPocket, Inc., a California firm that ranks and provides information on health plans, issued on April 18. Nearly two-thirds of respondents answered “no”
Report: self-insurance to avoid health-law mandates may not be ‘viable option’ for small firms
It’s not widely known if many small employers will switch to self-insurance to avoid some requirements in the Patient Protection and Affordable Care Act of 2010 (ACA), but stakeholders agree that self-insuring is financially and legally risky for small businesses with fewer than 50 employees. That’s the finding in a new report from the Washington,
NFIB New York says magazine gives NY business climate a ‘failing grade’
The publication Chief Executive ranks New York 49th in the country for its economic climate, and New York chapter of the National Federation of Independent
Bonadio grows Syracuse–based internal-audit business with acquisition
SYRACUSE — The Bonadio Group’s acquisition of a Vermont accounting firm specializing in internal audits for banks will boost growth at Bonadio’s Syracuse–based internal audit team. Rochester–based Bonadio Group, which has Central New York offices in Syracuse, Geneva, and Utica, announced April 30 it would acquire Rutland, Vt.–based Independent Audit Associates (IAA) in a deal
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