West Virginia Gov. Jim Justice, who was elected this past November, has appointed BB&T Insurance Agency Manager Allan L. McVey to serve as West Virginia’s Insurance Commissioner, effective April 1.
McVey has been active in the industry since 1969 when he started as a medical claims examiner for the West Virginia Workers Compensation Fund.
He currently serves as vice president and agency manager for BB&T-Carson Insurance Services and has worked for the company for 28 years.
McVey also held leadership positions as assistant vice president for McDonough, Caperton Insurance Group and vice president/sales manager for Commercial Insurance Services.
He has worked as a supervising underwriter in the Casualty Department of United States Fidelity & Guaranty Company (USF&G) as well as an account executive with Marsh & McLennan.
Justice said McVey’s insight into the insurance industry will serve him well as commissioner.
“Allan McVey has 48 years of experience in the insurance industry,” Justice said in a statement from the West Virginia Department of Revenue. “He began his career working for the state’s Worker’s Compensation Fund. He’s served in many leadership positions throughout his career and is dedicated to giving back to his profession as well as his community. We are pleased he is joining our team.”
McVey said he’s honored to have been considered and chosen by the governor.
“I believe I can bring my experience in the industry to serve as commissioner, not only in the regulatory functions of the agency, but also working to promote and support a strong and healthy insurance market that our citizens and insurers can truly rely on,” McVey said.
General Counsel Andrew Pauley is serving as acting commissioner until McVey starts at the West Virginia Offices of the Insurance Commissioner on April 1.
McVey earned a Bachelor of Science degree in Business Administration from West Virginia State University with post-graduate studies in a variety of insurance-related fields including risk management, automation management, insurance services and Chartered Property and Casualty Underwriting from the American Institute for Property and Liability Underwriters Inc. of Malvern, Pa.
Among his many industry affiliations, McVey serves as a board member for the Insurance Commissioner’s Board of Mandatory Pre-Licensing and Continuing Education; and vice-chairman of the BrickStreet Insurance Company Agent’s Advisory Council; and is past chairman of the Charleston Regional Chamber of Commerce and Development. He is also past president of the West Virginia CPCU Society.
He has been named Insurance Agent of the Year and Insurance Educator of the Year by the Independent Insurance Agents of West Virginia (IIAWV).
The group praised the selection of McVey as commissioner.
“Allan is a longstanding, valued member of the Independent Insurance Agents of West Virginia. He is very well respected, not only in the independent agent community, but in the insurance industry as a whole,” said IIAWV CEO Jan Vineyard. “Allan brings a wealth of knowledge and experience to this new role, and we are looking forward to working with him.”
McVey grew up on the West Side of Charleston and has lived in St. Albans for 39 years.
Topics Agencies Virginia Market West Virginia
Was this article valuable?
Here are more articles you may enjoy.
Allstate Seeking 34% Rate Hike on California Homeowners Insurance 
Surplus Lines Commercial Growth; Fla. Litigation Costs Reach New High in 2023 
Project 2025 Plan to End NFIP Welcomed by Some, Rejected by Others in Insurance 
Travelers Reverses Q2 Income Loss, Narrows Underwriting Loss From This Issue
