Sign In
Free Newsletter
Allianz named title sponsor of Richmond amphitheater
Allianz Partners will be the naming sponsor for Richmond’s forthcoming 7,500-capacity, $30 million outdoor amphitheater, the global insurer announced Tuesday. The Allianz Amphitheater at Riverfront, a project led by Charlottesville’s Red Light Ventures and Live Nation, is expected to open next year in time for the su[...]
The rate stuff
Three Charlottesville residents allege Sentara inflated local insurance rates to maximize profits. The health system says it’s being unfairly targeted and was just being a good corporate citizen, stepping up to prevent vulnerable Virginians from losing health care coverage. After three years, a federal civil inve[...]
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, whi[...]
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 [...]
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[...]
Cybercrime Inc.
The maddening thing is, the person in accounting did exactly what they were supposed to do after receiving an email purportedly from their chief financial officer asking them to transfer tens of thousands of dollars to a different account. “They called the CFO to make sure the email was accurate,” got the OK and made [&helli[...]
Markel to change name
Glen Allen Fortune 500 insurance and investment firm Markel Corp. will change its name to Markel Group Inc. on May 26, the firm announced Tuesday. The change is to “provide greater definition around the nature of [the] holding company, which includes three engines of insurance, investments and a group of diverse businesses in Markel Ventures,” […]
Henrico insurer to create 100 jobs in HQ expansion
Specialty insurer Richmond National Group Inc. will invest $350,000 to expand its Henrico County headquarters, a move expected to create more than 100 jobs, Gov. Glenn Youngkin announced Tuesday. The company, founded in 2021 as a holding company for Richmond National Insurance Co., will add 7,200 square feet of office space to its roughly 10,000-square-foot […]
Hilb Group acquires Fla. insurance agency
Henrico County-based insurance agency The Hilb Group LLC has acquired E/G of Florida, the company announced Friday. The acquisition took effect Jan. 1. Financial terms of the transaction were not disclosed. “E/G of Florida represents a terrific addition to our company, aligned with our growth strategy by adding greater experti[...]
Surgical precision
Like many other businesses, health care systems are constantly consolidating and forging partnerships to create synergy. In 2022, one of Virginia’s longest awaited agreements finally crystallized: a merger between Eastern Virginia Medical School and Old Dominion University. The creation of Eastern Virginia Health Sciences Cent[...]
Markel announces next CFO
Teri Gendron will succeed Jeremy Noble as Markel Corp.’s chief financial officer on March 20, the Glen Allen-based Fortune 500 insurance and investment firm announced Tuesday. Noble became president of Markel’s insurance operations earlier this year. Gendron will oversee and manage the holding company’s financial operations across its three divisions: insurance, investments and Markel Ventures. […][...]
Hilb Group acquires Ga. insurance agency
Henrico County-based insurance company The Hilb Group LLC announced Tuesday it had acquired Georgia-based Gillman Insurance Problem Solvers. Financial terms of the acquisition, which became effective Dec. 1, were not disclosed. “Joining The Hilb Group allows us to build further upon our long-standing, dedicated focus on ou[...]
