A major storm and settlements of inmate lawsuits contributed to a nearly $20 million increase in the West Virginia Board of Risk and Insurance Management’s claims expenses.
The agency’s annual report shows that claims expenses claims for the fiscal year that ended June 30 totaled more than $53 million. About $4 million of the expenses were due to the derecho on June 29, 2012.
Director Chuck Jones told the Charleston Gazette that most of the state’s 55 counties had damage claims because of the storm.
He said that the storm also hit the state park system hard.
Jones said the agency settled claims on about 100 regional jail lawsuits and 75 Division of Corrections lawsuits.
He said the agency remains fiscally sound, despite the increase in claims
Was this article valuable?
Here are more articles you may enjoy.
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Mapfre to Acquire Safety Insurance for $1.54 Billion in Cash Deal 
AI Finding Twice as Many Cyber Flaws in 2026 as It Did in 2025 
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
