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China raises its retaliatory tariff on the US to 84% as it vows to ‘fight to the end’
BANGKOK (AP) — China is boosting tariffs on American goods to 84% and vowed Wednesday to “fight to the end” in an escalating battle that threatens to disrupt trade between the world’s two largest economies. The new rate, which takes effect Thursday, comes in response to President Donald Trump‘s move to raise the tariff on […]
Genworth taps new CIO
Henrico County-based Fortune 500 insurance company Genworth Financial announced Monday that Morris Taylor is its new senior vice president and chief information officer. Taylor joins the company from Glen Allen-based Fortune 500 insurer Markel, where he had served as chief information officer since 2021. Before Markel, Taylor spent 25 years with McLean-based Capital One Financial, […]
Federal prosecutors to seek death penalty for Luigi Mangione in UnitedHealthcare CEO’s killing
NEW YORK (AP) — U.S. Attorney General Pam Bondi said Tuesday that she has directed prosecutors to seek the death penalty against Luigi Mangione, the man accused of gunning down UnitedHealthcare CEO Brian Thompson, following through on the president’s campaign promise to vigorously pursue capital punishment. It is the first time the Justice Department has sought to bring the death [&he[...]
Whistleblowers in Sentara insurance investigation revealed
UPDATED MARCH 18 The U.S. District Court for the Western District of Virginia has unsealed a whistleblower complaint against Sentara Health that accused the Hampton Roads health care system of improperly inflating local insurance rates in 2018 and 2019. On Feb. 14, the court revealed the plaintiffs are Sara Stovall, Ian Dixon and Karl Quist […]
Owens & Minor sues Anthem, accusing insurer of mishandling claims
Mechanicsville-based Fortune 500 health care logistics and supply company Owens & Minor filed a federal lawsuit against Anthem Blue Cross and Blue Shield this week, claiming that the Henrico County insurer mismanaged funds for Owens & Minor’s employee health insurance plan and allegedly violated the Employee Retirement Income Security Act, or ERISA. According to the […]
Sentara to cut 200 jobs across workforce
Sentara Health is cutting approximately 200 positions across its workforce, officials told employees this week. Most of the affected employees work for Sentara Health Plans and are based in Virginia, according to a statement issued Friday by the Hampton Roads-based health system. The cuts are related to the Medicaid redetermination process and associated decline in […]
Virginia 500: The 2024-25 Power List
Who are Virginia’s most powerful and influential leaders in business, government, politics and education this year? Find out in the fifth annual edition of the Virginia 500: The 2024-25 Power List. Read more about how we assembled the Virginia 500 from our editor. Executives are listed in alphabetical order by industry. Below you will find links […]
MONICA SCHMUDE
A key performance indicator is a metric used to gauge a company’s performance, and, for Monica Schmude, the KPIs that matter most are the mental and physical well-being of her employees. “A company’s greatest asset is the health of its workforce,” she says, a particularly apt belief for the Virginia head of Anthem Blue Cross […]
The ripple effect
Major storms year-round are bringing an increased risk of flooding to the doorsteps of property owners across Virginia, but changes in the market for flood insurance could mean some will be ill-prepared when the water rises. Some inland Virginians have learned firsthand in recent years about the devastating toll of flooding, which has long been […]
Anthem, Va. Chamber partner on WiseChoice Healthcare Alliance
The Virginia Chamber of Commerce is partnering with Anthem Blue Cross and Blue Shield on the WiseChoice Healthcare Alliance, the next step in providing health insurance to small business owners through a newly legalized consortium structure, President and CEO Barry DuVal announced Wednesday. In June 2022, Gov. Glenn Youngkin signed legislation allowing associations — including […]
Bon Secours, Anthem reach agreement in $93M dispute
Bon Secours announced Friday it has reached an agreement with Anthem Blue Cross and Blue Shield in Virginia, which the health system sued in August, alleging the insurer owed Bon Secours $93 million in unpaid claims. Although details were not released due to confidentiality agreements between the two parties, Bon Secours said it will drop […]
Finance | Insurance 2023: JEFF WRIGHT
Well into his second year as CEO of the German travel insurance and assistance company’s U.S. subsidiary, Wright carries with him a “love for extreme technical financial concepts” that led him to choose a career in the insurance industry. Wright earned his bachelor’s degree from the University of Richmond and his MBA at the University […]
