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Insurance 2025: LUCIA, FRANK
Since 2017, Lucia has led Delta Dental of Virginia, one of the state’s largest dental benefits providers, and its holding company, Corvesta. Established in 1964, Delta Dental of Virginia provides dental plans to more than 2 million members. The Delta Dental of Virginia Foundation, a public charity created by the company in 2012, works to […]
Insurance 2025: BROWN, TOM
In 1916, Thomas Rutherfoord launched an insurance agency in Roanoke. Fast-forward to 1979, and Rutherfoord’s grandson, Brown, started his own insurance career at the family business. In 1983, Brown moved from the Star City to Richmond to open a Rutherfoord office. He became president of the company in 1998 and CEO in 2004. In 2010, […]
Insurance 2025: McINERNEY, THOMAS J.
Genworth dropped off the Fortune 500 in 2025, slipping to No. 507. The insurer posted 2024 revenue of about $7.3 billion, down about 2.58% from 2023. Even so, McInerney, who has led Genworth since 2013, says he’s “very proud of the progress we’ve made and the momentum we’re building.” In 2023, the company launched the CareScout […]
DOJ withdraws from Sentara investigation
The federal government is withdrawing from intervening in a whistleblower complaint against Sentara Health.
USAA to expand in Chesapeake, add 500+ jobs
USAA announced Thursday that it has purchased a larger office space in Chesapeake and that it will add more than 500 employees.
Molina Healthcare to close Henrico office, laying off 268 workers
Molina Healthcare, a Fortune 500 company that manages health care services for Medicaid and Medicare recipients, is closing its Henrico County office and laying off 268 workers.
UnitedHealth Group CEO steps down as company lowers, then withdraws financial outlook for 2025
UnitedHealth CEO Andrew Witty steps down amid rising costs. The insurer suspends its 2025 outlook; shares drop 16% after months of instability.
Henrico-based Elephant Insurance to be sold
The U.K.-based Admiral Group is selling Henrico County-based auto insurer Elephant Insurance to J.C. Flowers & Co., a New York-based private investment firm, according to a Tuesday announcement. The deal is for “an undisclosed cash consideration … representing approximately the net asset value of Elephant,” a news release stated. That value is believed to be […]
Krispy Kreme investor to acquire Roanoke’s Shenandoah Life in deal
JAB Holding Co., the Luxembourg-based holding company that owns a majority stake in Krispy Kreme doughnuts, plans to pay $3.1 billion to buy Prosperity Life Group, parent company of Roanoke-based Shenandoah Life Insurance, according to a filing made last month with the State Corporation Commission. Applications for approval of acquisition of an insurer typically take […]
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[...]
