BrickStreet Makes Early Loan Payment

BrickStreet Mutual Insurance Co. said last week said it made good on a plan to make a $60-million early payment against the $200 million loan the state of West Virginia provided to launch the carrier in 2006. “We have now repaid $115 million toward the original $200 million loan, less than three years into a 10-year payment plan,” President and CEO Gregory A. Burton said in a statement. “The fact that the Offices of the Insurance Commissioner agreed with our request to make this additional payment is indicative of our strong financial position.” The state loaned Br...