West Virginia’s Workers’ Comp Writer BrickStreet to Expand Into Other States

Workers’ compensation insurer BrickStreet Mutual Insurance Co. wants to expand into Kentucky, Virginia, Alabama, Pennsylvania and Illinois.

President and Chief Executive Officer Greg Burton says the West Virginia-based company plans to apply in those states over the next couple of months to offer workers’ compensation coverage. He says the coverage initially would be for West Virginia-based energy companies that operate in those states.

Burton says BrickStreet also plans to ask Insurance Commissioner Jane Cline to allow it to pay off a $200 million startup loan from the state loan this year.

BrickStreet was spun off from a state agency in 2006 and had a monopoly on workers’ compensation insurance in West Virginia until July 2008.

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Information from: Charleston Daily Mail,

http://www.dailymail.com