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.
A 10-Year Wait for Autonomous Vehicles to Impact Insurers, Says Fitch 
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Insurance Issue Leaves Some Players Off World Baseball Classic Rosters 
AIG Underwriting Income Up 48% in Q4 on North America Commercial 
