1871: The Life Insurance Company of Virginia, known as Life of Virginia, was started by two dozen investors in Petersburg and offered its first policies to local customers. 1986: Combined ...

2008: Genworth reports $572 million in losses for the year as the housing market collapse forces it to make huge payouts in its mortgage insurance business. The company laid off about 1,000 employees.

Genworth Life Insurance, based in Virginia, wanted to raise long-term care rates by 233 percent to cover the rising cost of ...

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 ...

The company has evolved from a small insurance company in Virginia to a company with over $100 billion in assets. Easy access to forms: The Genworth website offers easy access to forms, as well as ...

Genworth's history. ... The company’s life insurance business, meanwhile, is still seeing higher than forecast death claims, though these are down from last year as the impact of COVID-19 eases.

Life Insurance News RSS. Get our newsletter. Order Prints. June 30, 2008 Life Insurance News No comments. Share ...

Genworth’s business plan relies heavily on the company getting what it wants from insurance regulators. In 2015, Genworth began reporting to investors every quarter how many rate hikes it got ...

Genworth directs homeowners to purchase private mortgage insurance via Enact, a partner company. Sold through lenders, private mortgage insurance enables borrowers to qualify for home mortgages ...

Genworth’s filings say the company has been selling long-term care insurance for decades. In 2023, it suffered an operating loss of $242 million on its policies because of higher claims and the ...