The executive director of the West Virginia Board of Risk and Insurance Management is stepping down this week.
Chuck Jones will retire on Wednesday, which will be his 68th birthday.
Jones has served as executive director for 20 years. He began his career with the board in 1992 as an underwriter.
The agency provides insurance coverage for state agencies, local governments and nonprofits.
Jones told the Charleston Daily Mail that his biggest accomplishment is the creation of a premium trust agreement between the state and its insurance carrier, AIG. Under the agreement, Jones said the agency invests premiums that it receives in a trust. The agency earns interest on the money it pays to AIG.
Topics Virginia
Was this article valuable?
Here are more articles you may enjoy.
Married Insurance Brokers Indicted for Allegedly Running $750K Fraud Scheme 
LA County Told to Pause $4B in Abuse Payouts as DA Probes Fraud Claims 
China Plans $29 Billion Capital Injection Into Biggest Insurers 
Zurich Reveals Beazley Stake After UK Insurer Spurns Bid 
