State of West Virginia - West Virginia Legislature

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BRIM BOARD MEETING MINUTESFebruary 22, 2011 PAGE 3UNFINISHED BUSINESSThere was no unfinished business.NEW BUSINESSThere was no new business.ADJOURNMENTThere being nothing further, the meeting adjourned at 1: 58 p.m._________________________________Board Chairman_______________________Date
STATE OF WEST VIRGINIADEPARTMENT OF ADMINISTRATIONBOARD OF RISK AND INSURANCE MANAGEMENT90 MACCORKLE AVENUE SW, Suite 203 (304) 766-2646 ADMINISTRATIONSOUTH CHARLESTON, WV 25303(304) 744-7120 FAX(800) 345-4669 TOLL FREE WVwww.state.wv.us/brimEarl Ray TomblinGovernorCharles E. Jones, Jr.Executive Directorcharles.e.jones@wv.govExecutive Director’s ReportFebruary 22, 2011Robert Ferguson, Jr.Cabinet SecretaryA. Significant Issues1. State Agency Workers’ Compensation Coverage Historical Perspective:On July 1, 2011, West Virginia state agencies face a real crisis in the availabilityand/or affordability of Workers’ Compensation coverage.Presently, state agencies obtain Workers’ Compensation coverage throughBrickStreet Mutual Insurance Company.BrickStreet will not be required to continue providing coverage to all stateagencies and may be more selective starting July 1, 2011.It is not confirmed; however, appearances are that the Office of InsuranceCommissioner has obtained an extension to September 1, 2011.At the direction of former Chief of Staff Spears and Department ofAdministration, Cabinet Secretary Ferguson, BRIM, as a result of the upcomingcrisis, on October 23, 2010, released a Request for Proposal (RFP).The initial objective was to select a consultant to assist in determining theapproach for providing state agency Workers’ Compensation coverage.Our plan at that time was to initially select a consultant as Phase 1.Phase 2 (tentatively scheduled for January 2011) was to issue additional RFPsfor basic components of the Workers’ Compensation program:’a. Third-Party Administration (TPA)b. Actuarial Risk Funding Study
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State of West Virginia - West Virginia Legislature

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