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
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