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Unemployment rises slightly, insurance rate hikes OK'ed and more

From Business Today:

IndependentHealth

Your health insurance rates are probably about to go up. The state Department of Financial Services approved almost all the requests it received from insurers to increase rates.

Rates at Western New York's three major health insurance companies will soar as much as 15 percent or more.

Jobfair

Buffalo Niagara's unemployment rate was up slightly in September from the previous month, but still the lowest unemployment rate for any September since 2008.

The region's 7.3 percent rate is much better than the previous year's 7.9 percent rate for the same month.

 CEOBillWagner

Profits are up at Northwest Bancshares. The Pennsylvania company reported profits of $16.7 million, or 17 cents per share, up from $15.5 million, or 14 cents per share, a year ago.

The parent of Northwest Savings Bank said net income rose 7.7 percent.

 

Bakedgoods

The Occupational Safety and Health Administration has hit Wegmans with more than $195,000 worth of fines. The grocer's corporate bakery and distribution center is accused of repeatedly violating safety rules concerning cutting off all electricity to machines before workers maintain them. The repeat nature of four of those violations makes up $140,000 of the penalties. Workers were observed doing things like reaching into live machinery to fix jams--putting themselves at risk for serious injury, OSHA said.

 

Who is getting hired, promoted and honored?

Need a quick vacation?

 

tagged

Banks | Health Care | Insurance | Investing | Unemployment
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