Workers’ compensation insurer BrickStreet Mutual Insurance Co. says it has completed an early payoff on a $200 million startup loan from West Virginia.
President and Chief Executive Officer Greg Burton says the Charleston-based company submitted the final $85 million Tuesday on the original principal.
Lawmakers provided Brickstreet the loan in 2006 to help underwrite startup costs. The company was given 10 years to repay the debt.
BrickStreet was spun off from a state agency and had a monopoly on workers’ compensation insurance in West Virginia until July 2008.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Trump’s Repeal of Climate Rule Opens a ‘New Front’ for Litigation 
What Analysts Are Saying About the 2026 P/C Insurance Market 
California Smoke Damage Act Would Enable Wildfire Victims to Expedite Claims 
The $10 Trillion Fight: Modeling a US-China War Over Taiwan 
