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SBA opens new round of PPP loan applications, starting with community financial institutions
The U.S. Small Business Administration (SBA), together with the U.S. Treasury Department, on Monday morning reopened the loan portal for the Paycheck Protection Program (PPP),
BPAS’ Kemp named American Academy of Actuaries Social Security Committee chair
UTICA, N.Y. — BPAS recently announced that Amy Kemp, VP of consulting at BPAS Actuarial & Pension Services, has been named chair of the Social Security Committee of the American Academy of Actuaries. BPAS is a national provider of retirement plans, benefit plans, fund administration, and collective-investment trusts. The American Academy of Actuaries is a
Cahill becomes Barclay Damon’s first woman managing partner
SYRACUSE — Barclay Damon LLP began 2021 with Connie Cahill as its new managing partner, the first woman to lead the Syracuse–based law firm in its more than 165-year history. She assumes the duties that John Langan previously held, the firm said in a Jan. 4 news release. As part of an “orchestrated transition plan,”
Brown & Brown moves into new corporate headquarters in Jacksonville, Florida
Brown & Brown, Inc. (NYSE: bRO), the Florida–based parent of Syracuse–based Brown & Brown Empire State, recently announced that it has moved into its new corporate headquarters in Daytona Beach. Brown & Brown is an insurance-brokerage firm providing risk-management products and services to individuals and businesses. The new facility is part of an overall campus development that
Chemung Canal Trust Company executive DiFabio retires
ELMIRA, N.Y. — Louis DiFabio, executive VP and business client services division manager at Chemung Financial Corporation retired on Dec. 31 after 33 years of
Health-benefit costs rose 3.4% in 2020 for firms with 50-plus employees
Total health-benefit costs rose 3.4 percent, on average, in 2020, reaching $13,674 per employee among all U.S. employer health-plan sponsors with 50 or more employees. That’s according to the annual Mercer “National Survey of Employer-Sponsored Health Plans 2020,” which the firm released Dec. 8. The 3.4 percent figure represents “the lowest annual health-cost increase in over two
VIEWPOINT: Managed Accounts in 401(k) Plans & the Choice they Offer Plan Advisers
In a recent PlanAdviser magazine article, it was reported that a participant in Nestlé’s 401(k) Savings Plan had filed a proposed class-action lawsuit. It alleged a breach of fiduciary duties under the Employee Retirement Income Security Act (ERISA). Frankly, by itself, an article like this wouldn’t have caught my attention. Participant lawsuits alleging fiduciary wrongdoing are so
KeyCorp names Fiala head of corporate responsibility
KeyCorp (NYSE: KEY), parent of KeyBank, recently announced that it has appointed Eric Fiala as head of corporate responsibility. In this role, Fiala oversees the company’s community engagement; environmental, social, and governance (ESG); philanthropy, and Community Reinvestment Act teams. Fiala joined KeyCorp in 2002 and has held roles of increasing responsibility in corporate finance, analytics, and
Insurers mandated to suspend preauthorization requirements
The New York State Department of Financial Services (DFS) on Dec. 13 issued a letter directing insurers to suspend certain preauthorization and administrative requirements to help hospitals implement New York’s “surge and flex” protocol. The protocol — which mandates all hospitals to begin expanding their bed capacity to prepare for a COVID-19 surge — is part of
New Yorkers can use new paid sick-leave benefits under new state law
New Yorkers can begin using sick-leave benefits under the state’s paid sick-leave law that took effect Jan. 1. The new law secures paid sick leave for workers at medium and large businesses and paid or unpaid leave for those at small businesses, depending on the employer’s net income, the office of Gov. Andrew Cuomo announced Dec. 29.
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