West Virginia state agencies will have a new workers’ compensation insurer beginning next month.
Zurich Insurance Co. submitted the winning bid of $19 million for the one-year contract. Zurich will replace BrickStreet Mutual Insurance Co.
Acting Insurance Commissioner Michael Riley said that Zurich offered a better deal than BrickStreet.
BrickStreet had provided the coverage since 2005. BrickStreet spun off as a private company the following year, and competing insurers entered the market in 2010.
Zurich will take over on Oct. 1.
Topics Workers' Compensation Virginia
Was this article valuable?
Here are more articles you may enjoy.
How Niche Insurance Shielded Bad Bunny From Bad Weather 
AI for the Defense: Should Insurers or Law Firms Pay? 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market From This Issue
