State Treasurer’s Office Collects $3.7 Million in Unclaimed Life Insurance Funds

After fighting both court and legislative battles over life insurance companies who balked at turning over unclaimed funds, State Treasurer John Perdue’s office saw such firms surrender $3.7 million in fiscal year 2016 to the Unclaimed Property Division. That number is precisely half of the $7.4 million comprising all types of insurance-related reports in fiscal 2016, which…

Continuing Success: BrickStreet Insurance Taking on $120 Million in Premiums from HM Insurance

BrickStreet Insurance, West Virginia’s first private workers’ compensation carrier, has finalized the purchase of the workers’ compensation block of Pennsylvania-based HM Insurance Group, which will include $120 million in premiums. “This move will make us the third largest workers’ compensation carrier in Pittsburgh,” BrickStreet’s Chief Office Executive Greg Burton said. He said this means that…