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Insurance & Financial Services

VIEWPOINT: Gov. Hochul Signs Legislation to Strengthen Workers’ Rights

On Sept. 14, Gov. Kathy Hochul signed three pieces of legislation into law, all of which are reflective of her ongoing efforts to strengthen workers’ rights in New York state. Written notice of unemployment benefits Bill (S. 4878-A/A. 398-A) amends Section 590 of the state’s Labor Law. Under this new legislation, employers must provide written […]

SMALL BUSINESS SPOTLIGHT: CH Insurance offers BOOST benefits program for small businesses

SYRACUSE — CH Insurance of Syracuse, a multi-line insurance agency and benefits manager, is offering a group-benefits program, called BOOST, specifically designed for small businesses. CH Insurance is headquartered inside the Atrium building at 100 S. Salina St. in Syracuse. BOOST stands for benefits-optimization opportunities for small-business teams, says Joseph (Joe) Convertino, Jr., president of

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Preferred Mutual Insurance supports Chenango Arts Council’s performance series

NEW BERLIN, N.Y. —Preferred Mutual Insurance Company recently presented the Chenango Arts Council with a $5,000 donation to support its performance series. The funds will help the council sustain its programs for communication, expression, education, and the opportunity to connect with others. Its mission is to explore, enlighten, and inspire all things art and connect

After merger, CNY Pomeroy Appraisers is now Colliers Syracuse

MANLIUS, N.Y. — CNY Pomeroy Appraisers, a long-established appraisal firm based in Manlius, has merged its operations with Seattle, Washington–based Colliers Valuation & Advisory Services (Colliers).  The deal became official on Aug. 1, Susan Baldwin, managing director of the local office, tells CNYBJ in an email. Colliers didn’t include any financial terms of the merger

SFCU merges with Edge Federal Credit Union

LIVERPOOL, N.Y. — Edge Federal Credit Union has merged with Sidney Federal Credit Union (SFCU) in a deal approved by Edge members on Sept. 19. The combination helps solidify SFCU’s entry into Onondaga County while also providing Edge members new products and enhanced services, SFCU President/CEO Jim Reynolds says.  Edge got its start in 1956,

MetalCraft Marine in Watertown wins $32 million Navy contract

WATERTOWN, N.Y. — MetalCraft Marine US Inc. was recently awarded a more than $32 million contract from the U.S. Navy for oil-spill response (OSR) utility boats and OSR boom platforms. Work on the firm-fixed-price, six-year indefinite-delivery/indefinite-quantity pact will be performed in Watertown, and the first order is expected to be completed by August 2025, according

Preferred Mutual’s Raue named to RISE advisory board of directors

NEW BERLIN, N.Y. — Preferred Mutual Insurance Company announced that Michelle Raue, its senior VP and chief claims officer, was recently appointed to the Rising Insurance Star Executive (RISE) advisory board of directors.  RISE provides young professionals entering the insurance industry with resources to help them build a successful career through networking, mentorships, training, education,

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