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Small group health-insurance premiums in NYS to rise over 7%

Insurers serving New York’s small-group market will raise their premiums, on average, 7.6 percent after requesting an average increase of 14 percent. That’s according to the New York State Department of Financial Services (DFS), which on Aug. 13 said it reduced the average increase by 46 percent, “saving small businesses over $468 million.”   DFS also […]

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Harris nominated as DFS superintendent

ALBANY — The New York State Senate will consider Gov. Kathy Hochul’s nomination of Adrienne Harris to lead the New York State Department of Financial Services as its next superintendent.  Formerly a top economic advisor to President Barack Obama, Harris would become the state’s top financial regulator. She would succeed Linda Lacewell, who resigned from

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Community Bank System to pay increased dividend on Oct. 8

DeWITT — Community Bank System, Inc. (NYSE: CBU) will pay shareholders a quarterly cash dividend of 43 cents a share on its common stock on Oct. 8. The dividend, which is payable to shareholders of record as of Sept. 15, represents an increase of 1 cent, or 2.4 percent, over last quarter’s payment. This increase marks

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Elmira Savings Bank pays dividend of 15 cents a share

ELMIRA — Elmira Savings Bank (NASDAQ: ESBK) paid its shareholders a quarterly cash dividend of 15 cents per share on its common stock on Sept. 10. The dividend, which was payable to shareholders of record on Sept. 2, yields about 4.5 percent on an annual basis, at the banking company’s current stock price. Elmira Savings

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UC’s Young Scholars Liberty Partnerships program gets boost

UTICA, N.Y. — Utica College says it will use a $1 million donation to “enhance and grow” the Young Scholars Liberty Partnerships program (YSLPP), which seeks to help “diverse and talented students with potential.” John Sammon, the founder and chairman emeritus of PAR Technology, and his wife, Deanna Sammon, made the donation. The Sammons established

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CEO FOCUS: Eligibility Expanded for Pandemic Small-Biz Recovery Grant Program

As one of her first acts as governor of New York, Kathy Hochul announced expanded eligibility for the $800 million COVID-19 Pandemic Small Business Recovery Grant Program. New changes to the program will enable more small businesses to apply for funding. Businesses with revenue from $25,000 up to $2.5 million can now apply for grants, up from

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VIEWPOINT: Ask Rusty: My Social Security Income Hurts When I File My Taxes

Dear Rusty: I am getting hammered with taxes on my Social Security (SS). I am retired and draw a meager work pension and SS benefits. When my wife and I filed our joint tax return, we owed the IRS a substantial amount of money — they took 85 percent of my SS in taxes. We

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OPINION: Eviction Moratorium Extension Highlights Ugliest Parts of Albany

The New York Legislature reconvened in Albany on [Sept. 1] to extend the state’s moratorium on evictions. The special session, which concluded after many New Yorkers had gone to sleep, was needed to extend the state’s misguided eviction moratorium until Jan. 15, 2022. The bill itself is almost as flawed as the process that led up

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OPINION: What it means to be an American

What does it mean to be an American? I suspect each of us would answer this question in our own way, depending on our experiences. But there are features of the American identity, certain qualities of what it means to be an American that many of us hold in common.  We believe the United States is a

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GARY HOLMES

GARY HOLMES has joined independent marketing, advertising, and public-relations agency Mower as VP, director of public relations and public affairs. Holmes brings more than 20 years of senior management, government, and news experience to his post, most recently as assistant commissioner, public affairs for the New York State Department of Health. During his four-and-a-half-year tenure

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