BrickStreet Approved In KY

Charleston, W. VA (CompNewsNetwork) - BrickStreet Mutual Insurance received word this week from the Kentucky Department of Insurance that it has been approved to write workers' compensation insurance in Kentucky.

According to BrickStreet President and CEO Gregory A. Burton, "Less than four years ago, we began a process that transformed the workers' compensation industry in the state of West Virginia. We would like to thank Governor Joe Manchin and Insurance Commissioner Jane Cline for all of their support and assistance throughout the transition. Today, we begin a new phase of open market competition: expansion. This is exciting news, an important step for BrickStreet and a tribute to our employees' efforts over the past few years."

In the recent past, BrickStreet announced plans to become fully licensed to write workers' compensation coverage in a number of states by the end of the year. Besides Kentucky, those states include Virginia, Pennsylvania, Alabama and Illinois.

"This expansion will in no way affect the services we provide in West Virginia," said Burton. "We are still a West Virginia company, headquartered in Charleston, employing West Virginians and dedicated to West Virginia businesses."

Since Jan. 1, 2009, BrickStreet has been able to sell out-of-state coverage for West Virginia policyholders through a partnership with Argonaut Insurance Company. This relationship will continue for policyholders with a significant portion of their business in West Virginia to allow for coverage in other states. BrickStreet is the leading provider of workers' compensation insurance coverage in West Virginia. The company began its historic role as the state's first private workers' compensation carrier Jan. 1, 2006. The workers' compensation insurance market opened to competition July 1, 2008. As a mutual company, BrickStreet is owned by its policyholders.

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