Jacobs Financial Group Inc. of Charleston, W.Va. has completed corporate filings to change the name of its recently acquired insurance subsidiary to First Surety Corp.
First Surety, a Charleston-based firm, specializes in underwriting surety bonds for regulated industries such as oil and gas, coal and healthcare. First Surety is West Virginia’s first domestic surety company and offers surety bonding using the collateral strategy of managed investment accounts rather than traditional cash deposits. It was previously known as West Virginia Fire & Casualty Co.
Linda J. Aguilar, Frederick E. Ferguson, John M. Jacobs, Timothy A. Maddox and C. David Thomas have been elected to the Board of Directors of First Surety Corporation.
Aguilar is a retired bank executive and a resident of Ansted, W.Va. Ferguson is a retired coal executive and a resident of Oak Hill, W.Va. Jacobs, of Charleston, is a SEC registered Investment Advisor, and is also chairman and president of Jacobs Financial Group. Maddox is president of Silverstein & Maddox Inc., a Charleston insurance agency and resides in Charleston. Thomas, also a Charleston resident, is vice president of George H Friedlander Co. in Charleston.
Was this article valuable?
Here are more articles you may enjoy.
Portugal Deadly Floods Force Evacuations, Collapse Main Highway 
Florida Insurance Costs 14.5% Lower Than Without Reforms, Report Finds 
Florida’s Commercial Clearinghouse Bill Stirring Up Concerns for Brokers, Regulators 
What Analysts Are Saying About the 2026 P/C Insurance Market 
