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Tompkins Financial to pay Q2 dividend of 54 cents on May 17
ITHACA, N.Y. — Tompkins Financial Corp. (NYSE: TMP) recently announced that its board of directors has approved payment of a regular quarterly cash dividend of 54 cents per share for the second quarter. The dividend is payable on May 17, to common shareholders of record on May 11. The dividend is the same amount the […]
Reed begins duties as Excellus president & CEO
ROCHESTER, N.Y. — The leadership transition at Excellus BlueCross BlueShield is complete as James Reed began his duties as president and CEO on May 3, succeeding Christopher Booth in that role. Excellus has appointed Reed as CEO of the $6.2 billion health plan and its parent company, the Lifetime Healthcare Companies. Reed has been serving
SYRACUSE, N.Y. — JPMorgan Chase has announced an additional $8 million grant to support the national training and research programs over the next three years
Excellus appoints Reed as president and CEO
ROCHESTER, N.Y. — Excellus BlueCross BlueShield on Monday announced that it has appointed James Reed as CEO of the $6.2 billion health plan and its
Soaring homes sales in New York, CNY continue in March
ALBANY, N.Y. — New York realtors sold just over 11,000 previously-owned homes in March, up nearly 37 percent from more than 8,000 homes sold in March 2020. Pending sales in March jumped more than 59 percent, indicating continued strong closed sales of homes will continue in the next couple months. That’s according to the New
Millennial, Gen Z consumers prefer digital, in-person banking combo
About 85 percent of Americans say they will use digital tools to conduct some or all financial transactions after the COVID-19 pandemic, according to a recently released survey report from KeyBank. However, Millennial and Gen Z consumers (which this study defined as those under age 35) prefer a combination of digital and in-person banking more often than
DFS offers guidance for N.Y. insurers on managing climate-change financial risks
The New York State Department of Financial Services (DFS) has issued a proposed, detailed guidance for New York–regulated domestic insurers, outlining the department’s expectations for managing the financial risks from climate change. The proposed guidance builds on the DFS circular letter on Sept. 22, 2020. That letter outlined the department’s expectations that all New York insurers start
MVP Health Care to start offering level-funded insurance plans in July
SCHENECTADY, N.Y. — Beginning this summer, MVP Health Care will offer “level funded” insurance plans to employers with more than 100 subscribers, or health-plan participants. Level-funded plans offer employers “an alternative to traditional fully insured or self-funded plan options,” MVP said. MVP will start offering the plans July 1, director of public relations at MVP
Brown & Brown Insurance net income jumps 31 percent in Q1
Brown & Brown, Inc. (NYSE: BRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, reported that its net income rose 31 percent to $199.7 million in the first quarter from $152.4 million in the year-ago quarter. The company’s net income per share increased almost 30 percent to 70 cents from 54 cents a year prior.
Survey: Confidence in retirement security remains steady amid pandemic
“Even with changes in the labor market, workers’ confidence in their ability to live comfortably in retirement remains high overall,” Craig Copeland, EBRI senior research associate and co-author of the report, said. “However, while resilience may be the watchword for 2021, three in 10 workers say the pandemic has negatively impacted their ability to save
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