Latest South Carolina Headlines
All the headlines from our South Carolina Topic Page, ordered by recency.
Alliance in Support of S.C. Anti-Fraud Proposal
Dec 16 2003 // A proposal to create and fund an insurance fraud investigation and prosecution framework in South Carolina reportedly has the support of the Alliance of American Insurers. The Omnibus Insurance Fraud and Reporting Immunity...
Csiszar Named NAIC President for 2004
Dec 8 2003 // During the Winter National Meeting in Anaheim, members of the National Association of Insurance Commissioners (NAIC) elected regulators from South Carolina, North Dakota and Oregon to serve as the association’s 2004...
Seibels Bruce Group Unveils Q3 Numbers; Focuses on Strategically Growing Business
Nov 17 2003 // The Seibels Bruce Group, Inc. announced financial results for the quarter that ended Sept. 30, 2003 and other matters. For the third quarter of 2003, the South Carolina-based company reported a net loss of $1.5 million or...
CIS Inc. Enters S.C. Non-Standard Auto Market
Aug 29 2003 // Jess Chappell, president and CEO of Savannah, Ga.-based CIS Inc., announced that CIS plans to enter into the South Carolina non-standard auto market by taking over the administration of an already existing...
CIS, Inc. announces entry into S.C. non-standard auto market
Aug 28 2003 // CIS, Inc. announces entry into S.C. non-standard auto market Jess Chappell, President and CEO of Savannah, GA based CIS, Inc., announced that CIS will enter into the South Carolina non-standard auto market by taking over...
SCINS Says Costs for Water Damage Growing Rapidly
Aug 21 2003 // The cost of household water damage in South Carolina continues to grow at an alarming rate, according to the South Carolina Insurance News Service (SCINS). The group said that in 2002 water claims cost the insurance...
Seibels Bruce Announces Profit for Q2
Aug 19 2003 // The Seibels Bruce Group Inc. of Columbia, S.C., announced financial results for the quarter that ended June 30, 2003, noting that the company posted a net profit of $759,000, or $0.08 per share (basic and diluted). This is...
The Seibels Bruce Group Notes Order from S.C. Dept. Lifting Administrative Supervision
May 22 2003 // The Seibels Bruce Group, Inc., has received an Order Lifting Administrative Supervision and Relieving Supervisor from the South Carolina Department of Insurance (SCDOI). Since August 2002, the company has reportedly worked...
Landmark Personal Lines Reg. Mod. Bill Introduced in S.C.
May 13 2003 // According to the Alliance of American Insurers, a bill introduced in the South Carolina Senate will put the state’s regulation of insurance light years ahead of any other and benefit homeowners by introducing more...
Seibels Bruce Shows Profit in First Quarter
May 8 2003 // South Carolina’s The Seibels Bruce Group Inc. announced financial results for the quarter that ended March 31, 2003, reporting that the company posted a net profit of $1.4 million, or $0.17 per share (basic and...
S.C. Producer Administrative Fee Deadline Draws Near
Apr 29 2003 // The South Carolina Department of Insurance issued a statement reminding all resident and nonresident producers licensed on January 31, 2003 with unlimited lines of authority are required to pay a one-time $35...
S. C. Legislator Says Business Group Tried to Bribe Her
Apr 24 2003 // South Carolina State Rep. Shirley Hinson claims a business lobby group has offered her a bribe to support legislation that would reform medical malpractice lawsuits. According to the Associated Press and The Charleston...
South Carolina Kicks Off Pro-State Regulation Campaign
Apr 18 2003 // “Regulation of the insurance industry in South Carolina is best handled by the Department of Insurance in Columbia, not a federal department of insurance in the District of Columbia,” said Gov. Mark Sanford (R)...
The Seibels Bruce Group Reports Lower Profit in 4Q 2002
Mar 31 2003 // South Carolina’s The Seibels Bruce Group Inc., announced financial results for the fourth quarter and year that ended December 31, 2002, reporting it posted a net profit of $805 thousand, or $0.09 per share (basic...
SC Supreme Court Ruling on Diminished Value Applauded
Mar 26 2003 // The Alliance of American Insurers praised a ruling by the South Carolina Supreme Court that limits the amount insurers must pay to repair damaged vehicles. The ruling came in a case involving a State Farm policyholder who...
New Workers’ Comp Insurers Approved in S.C.
Mar 14 2003 // Newport Star Reinsurance Company and Accident Insurance Company (AIC) announced they have been approved by the South Carolina Department of Insurance, and are now able to offer property and casualty insurance with a...
SC Building Code Bill Gives Insurers Role on Panel
Mar 7 2003 // Nearly nine months of work by the Alliance of American Insurers recently culminated in the introduction of a South Carolina bill, S 449, which would give the insurance industry a voice in shaping the state’s building...
Assurant Group to Build New Hazard Service Center in S.C.
Feb 18 2003 // The Assurant Group announced plans to build a $14 million office complex for its flood and hazard insurance tracking center in Florence, S.C. and to create about 560 new jobs over the next two years. The new service center...
Seibels Bruce Okayed to Write New Business in S.C.
Feb 10 2003 // South Carolina-based Seibels Bruce Group Inc. announced that the South Carolina Department of Insurance (SC DOI) has approved the company’s request to permit its subsidiary Catawba Insurance Company (CIC) to enter...
Alliance Applauds SC Supreme Court Decisions on Protective Orders
Feb 5 2003 // Key changes made by the South Carolina Supreme Court before adopting criteria for the sealing of court records and settlement agreements help balance the interests of confidentiality and disclosure, according to the...
