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Finance | Insurance 2023: THOMAS J. McINERNEY
The leader of a Fortune 500 insurance company, McInerney has come a long way since his first job as a newspaper carrier at age 12. Genworth, which provides life, mortgage and long-term care insurance, posted 2022 revenue of $7.5 billion, down from $7.83 billion in 2021 and $8.65 billion in 2020. In June, Genworth acknowledged […]
Genworth insurance co. settles class action for $25M
Richmond-based Genworth Life & Annuity Insurance Co. has settled a class-action lawsuit with 13,400 insurance policy holders for $25 million. U.S. District Judge David Novak of the Eastern District of Virginia approved the settlement Monday. GLAIC, a subsidiary of Fortune 500 life, mortgage and long-term care insurer Genworth Financial Inc., was sued for $5 billion […]
Atlantic Union reopens corporate offices
John Asbury, president and CEO of Richmond-based Atlantic Union Bankshares, has learned a lot about his employees during the pandemic. Chief among them: Many of them often don’t need to be in the office five days a week to get their work done. But he also knows that some in-office collaboration is key to the […]
