The deadline for insurers wanting to submit bids to write the workers’ compensation coverage for state agencies in West Virginia has been extended until October.
West Virginia’s primary workers’ compensation insurer said it will cover the agencies until October 1. BrickStreet Mutual Insurance Co. had announced earlier this year that it would stop covering state agencies due to high losses, especially from volunteer fire departments. In response, lawmakers required the Charleston, West Virginia-based insurer to cover state agencies until July 1.
Now, however, the state and the insurer have agreed to move that deadline until October 1 to give other insurers to respond to a request for proposal to replace BrickStreet.
Additionally, the insurer said it is considering holding on to some of its business. Insurer officials said they may look at covering the deductible portion of policies.
Was this article valuable?
Here are more articles you may enjoy.
AI for the Defense: Should Insurers or Law Firms Pay? 
Three Sentenced in Bear-Suit Attacks Insurance Fraud Case 
NYC Mayor Eyes City-Run Insurance Program for Affordable Housing 
Are ‘Moderate’ Hurricanes Getting Squeezed Out of the Atlantic? 
