Lost in the politics of a local health insurance firm’s decision to exit the insurance market is the fate of the small businesses who offered the company’s insurer’s plans to its employees.
Michael Schwartz
Michael Schwartz is the editor of Richmond BizSense, and covers banking, lawsuits, finance, M&A and golf. He can be reached at [email protected] or 804-855-1037.
Local credit union may need a life line
Richmond is home to two of the lowest rated financial institutions in the state, according to bank and credit union ratings released last week. But of the 18 community banks headquartered in the Richmond area, four had 5-star superior ratings.
Lights out for parking garage electric bills?
A local entrepreneur wants to bring cutting-edge technology that can save time and money to the mundane parking lot business.
First Capital Bank, what’s up your sleeve?
A local bank that tried last year to orchestrate a sizeable merger appears once again to be positioning itself for a transaction.
With healthcare reform looming, nHealth was losing millions
The financial records of nHealth, the Richmond-based startup health insurer that said last week it was shutting down as a result of federal healthcare reform, show it was losing millions in its first year and a half of existence.
Media General joins battle for newspaper street vendors
Richmond-based Media General jumped into the legal fray in Florida this week when it filed a motion in federal court there to fight a proposed ban on street solicitation in St. Petersburg, according to a report from the Tampa Tribune. Media General, owner of the Richmond Times Dispatch and the Tampa paper, joined forces with… Read more »
Trading Day: SEC roundup for local public companies
First Capital Bancorp changes its articles to possibly sell more stock, while a Markel chairman buys more stock for a family trust. Plus bond news at Altria and Media General and stock awards at a handful of local companies.
From big firm to “boutique” firm
Another group of Richmond lawyers has caught the entrepreneurial bug. Fifteen lawyers from several LeClairRyan offices have left the Richmond-based law firm to set out on their own.
A few protestors get creative with costumes
A small band of protestors, some wearing homemade oil barrel costumes, seized the moment yesterday by gathering at the Cary Street BP to call for Virginia Sens. Jim Webb and Mark Warner to vote against federal legislation deemed by some as pro-big oil and anti-environment.
Bank president makes “tough decision” to retire
With his company having lost nearly $19 million in the last two years and regulatory examiners breathing down the company’s neck, the head of Central Virginia Bankshares announced his plans to retire by year’s end, the company said Friday.