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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 […]
Finance | Insurance 2023: FRANK LUCIA
Since 2017, Lucia has led Delta Dental of Virginia, one of the state’s largest dental benefits carriers, with about 350 employees and $766 million in revenue, and its holding company, Corvesta. Previously, he was president and CEO of Dean Health Plan and worked in finance for Cigna and WR Grace. Lucia has been involved with […]
Finance | Insurance 2023: MONICA SCHMUDE
After more than a dozen years with Cigna Healthcare, most recently as its mid-Atlantic market president, in April Schmude stepped into the top position at rival Anthem Blue Cross and Blue Shield, which has more than 3 million customers and is one of the state’s largest health plans. She oversees about 9,000 employees. A University […]
Finance | Insurance 2023: ALBERTO SCHIAVON
Schiavon, who joined Elephant Auto Insurance in 2017 as its head of marketing and pricing, became CEO just eight months later. The Italian executive (who shares a name with an Italian Olympic snowboarder) earned his MBA from the University of Manchester in England and his undergraduate engineering degree at the University of Padova in Italy. […]
Finance | Insurance 2023: JOHN C. STANCHINA
Stanchina became mid-Atlantic CEO for professional services and insurance firm Marsh McLennan Agency in 2011. Named a top workplace by the Richmond Times-Dispatch for the past four years, the agency provides business insurance, employee health insurance and benefits, retirement and private client insurance products. Stanchina was previously also president of the branch. In January, the […]
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 […]
Finance | Insurance 2023: ELENA EDWARDS
Edwards joined French travel insurance agency Allianz Partners in 2019 as general manager of the U.S. business unit. She was named CEO of Allianz Partners USA in June 2020 and took on the additional the role of regional CEO for North America in July 2021 before being appointed chief markets officer and a board member […]
Finance | Insurance 2023: RICHARD G. ‘RICKY’ SPIRO
When Spiro stepped into the leadership role for Henrico County-based insurance company The Hilb Group, he brought with him more than 30 years of experience in insurance and financial services. Prior to joining Hilb, Spiro served as executive vice president and chief financial officer of property and casualty insurer Chubb. Before that, Spiro was a […]
Bon Secours sues Anthem for $93M
Health system Bon Secours filed suit against insurer Anthem Health Plans of Virginia Monday in Henrico County Circuit Court, alleging Anthem owes Bon Secours $93 million in unpaid claims. The plaintiffs, collectively titled BSMH Virginia, allege that Anthem Health Plans of Virginia (doing business as Anthem Blue Cross and Blue Shield) failed to pay “in […]
Henrico insurer to create 72 jobs in $6.2M expansion
Henrico County-based insurance company Berkley Insurance Co. will invest $6.2 million to expand its office in the county’s Innsbrook area, with plans to create 72 jobs, Gov. Glenn Youngkin announced Thursday. A subsidiary of Connecticut-based Fortune 500 company W. R. Berkley Corp., the firm will lease an additional 8,920 square feet of office space from […]
Va. chamber to offer small biz health coverage
Finding affordable health insurance has long been a difficulty for small business owners and employees. Premiums may be affordable one year and could double the next. In 2020, Virginia’s average health insurance cost per person was $8,815, according to data from the Kaiser Family Foundation, and 36.1% of people polled reported that they did not […]
