West Virginia Insurance Board Executive Director to Retire Wednesday

The executive director of the West Virginia Board of Risk and Insurance Management is stepping down this week.

Chuck Jones will retire on Wednesday, which will be his 68th birthday.

Jones has served as executive director for 20 years. He began his career with the board in 1992 as an underwriter.

The agency provides insurance coverage for state agencies, local governments and nonprofits.

Jones tells the Charleston Daily Mail that his biggest accomplishment is the creation of a premium trust agreement between the state and its insurance carrier, AIG.

Under the agreement, Jones says the agency invests premiums that it receives in a trust. The agency earns interest on the money it pays to AIG.