WellPoint Expands and Enhances Supplier Diversity Offerings Through Strategic Alliance with RLJ Insurance

WellPoint Expands and Enhances Supplier Diversity Offerings Through Strategic Alliance with RLJ Insurance


INDIANAPOLIS, January 30, 2012 WellPoint and RLJ Insurance Services today announced a strategic alliance that will enhance and expand WellPoint’s supplier diversity offerings.

WellPoint’s affiliated health plans and RLJ Insurance Services will work together to provide medical stop loss products and services to group customers who are seeking to significantly amplify their Minority Business Enterprise (MBE) participation allocation.Stop loss insurance (also called excess loss insurance and sometimes reinsurance) provides protection against catastrophic or unpredictable costs. Under a stop loss policy, the insurance company reimburses the employer for legitimate health claims that exceed certain limits.

“We are very excited about our new relationship with RLJ Insurance Services,” said Ken Goulet, executive vice president for WellPoint’s Commercial Business Unit. “This strategic partnership is an excellent example of WellPoint’s ongoing commitment to supplier diversity that helps improve the affordability of our products for our customers.”

“We are excited to join with WellPoint,” says Robert L. Johnson, founder and chairman of The RLJ Companies and chairman of the board for RLJ Insurance Services. “RLJ Insurance is a full-service, full-authority managing general underwriter (MGU) dedicated to helping our clients solve their insurance and reinsurance challenges. The ability to be a Tier 1 Supplier Diversity requirement solution is an additive as we realize that without exceptional products, competitive pricing and outstanding customer service, diversity alone doesn’t deliver compelling value. Today’s announcement further demonstrates the value WellPoint brings to its customers as well as the company’s continued commitment to diversity.”

About WellPoint

WellPoint works to simplify the connection between Health, Care and Value. We help to improve the health of our members and our communities, and provide greater value to our customers and shareholders. WellPoint is the nation’s largest health benefits company in terms of medical membership, with 34 million members in its affiliated health plans, and a total of more than 70 million individuals served through its subsidiaries. As an independent licensee of the Blue Cross and Blue Shield Association, WellPoint serves members as the Blue Cross licensee for California; the Blue Cross and Blue Shield licensee for Colorado, Connecticut, Georgia, Indiana, Kentucky, Maine, Missouri (excluding 30 counties in the Kansas City area), Nevada, New Hampshire, New York (as the Blue Cross Blue Shield licensee in 10 New York City metropolitan and surrounding counties and as the Blue Cross or Blue Cross Blue Shield licensee in selected upstate counties only), Ohio, Virginia (excluding the Northern Virginia suburbs of Washington, D.C.), and Wisconsin. In a majority of these service areas, WellPoint does business as Anthem Blue Cross, Anthem Blue Cross and Blue Shield, Blue Cross andBlue Shield of Georgia,Empire Blue Cross Blue Shield, or Empire Blue Cross (in the New York service areas). WellPoint also serves customers throughout the country as UniCare. Additional information about WellPoint is available at www.wellpoint.com.

About RLJ Insurance Services

RLJ Insurance Services, LLC, is the nation’s premier minority Managing General Underwriter for Medical Stop-Loss representing A and A+ rated insurance companies. RLJ Insurance Services has formed strategic partnerships with leading national insurance carriers and brokerage agencies with the goal of becoming the partner of choice for providing services to state and municipal governments, and corporate clients who are seeking to significantly amplify their Minority Business Enterprise participation allocation. Additional capabilities include services specializing in cost-effective insurance/reinsurance solutions for voluntary benefits, healthcare, and property and casualty. RLJ Insurance Services writes business in all 50 states and maintains a solid client base. RLJ Insurance Services focuses on providing organizations an opportunity to reach and exceed established goals for MBE participation. Our business philosophy is about building long term relationships with our carriers, our producers and our clients. For more information, visit www.rljinsurance.com.

Media Contact:

Cindy Sanders, 404-788-8957

cynthia.sanders@wellpoint.com

Traci Otey Blunt, 240.744.7858

press@rljcompanies.com

Latest News

women in politics

Women Remain Vastly Underrepresented in Local Government, Despite Conventional Wisdom Suggesting Otherwise

Vice President Kamala Harris and Speaker of the House Nancy Pelosi sat behind President Biden during his first speech to a joint session of Congress on April 28 — representing the first time two women held such important and high-ranking political offices. Even after such a historic moment, the reality…

voter restriction

Florida Follows Georgia’s Lead, Approves Racist Anti-Voter Restrictions Aimed Primarily at Democrats and People of Color

Not content with letting Georgia be the only state in the South demonized for its bigoted and racist attacks on voter rights, Florida has jumped into the fray in issuing its own series of new and highly controversial “Jim Crow-esque” anti-voting restrictions aimed specifically at disenfranchising Democrats and voters of…

Kentucky Derby

Inspired by Protests Over Breonna Taylor’s Death, Humana and Kentucky Derby Festival Launch Diversity and Inclusion Initiative in Louisville

Ahead of the 147th Kentucky Derby on Saturday, May 1, Kentucky Derby officials and Humana (No. 25 on The DiversityInc Top 50 Companies for Diversity list in 2020) have announced a new equity initiative meant to make the race more accessible and welcoming to everyone, regardless of race, gender, age…

crimes against human ity

‘Crime Against Humanity’; Global Report Says the US Should Be Prosecuted in International Criminal Court for Ongoing Police Murders of Black Americans

In what has been described as a “devastating” report, human rights experts and lawyers have investigated and released a 188-page analysis of the ongoing police brutality and killing of Black Americans in the U.S. Their verdict: the country is guilty of “crimes against humanity” and should be prosecuted for its…

Tokyo, Olympics

Tokyo Olympics to Encourage Significant Increase in Gender Equality Among Event’s Corporate Sponsors

Besides simply being a showcase for some of the most talented and athletic men and women on the planet, the organizers of the Tokyo Olympics are hoping their event this summer can also help promote significant change in corporate culture, both in Japan and around the globe. Bloomberg’s Ayai Tomisawa…

AbbVie Joins Over 400 Leading US Employers in the Human Rights Campaign’s ‘Business Coalition for the Equality Act’

Originally published on LinkedIn. AbbVie ranked No. 19 on The DiversityInc Top 50 Companies for Diversity list in 2020.   AbbVie has joined a group of over 400 corporations and leading U.S. employers to support the Human Rights Campaign’s “Business Coalition for the Equality Act,” an initiative advocating for federal…

Accenture and Goodwill Develop Virtual Experience To Help People Impacted by the Criminal Justice System Enter the Workforce

Originally published at prnewswire.com. Accenture is ranked No. 5 on The DiversityInc Top 50 Companies for Diversity list in 2020.   Goodwill Industries International has teamed with Accenture to develop an innovative virtual experience called Project Overcome. The experience is designed for people impacted by the criminal justice system who want to…