South Carolina Insurance Commissioner Ray Farmer News

States Urge Insurers to ‘Spread the Word’ on Flood Insurance to Boost Sales

It might be time for carriers and agents to encourage their clients to buy flood coverage even if they’re not living and working inside a flood zone. Such an action is long overdue, according to insurance commissioners from Florida, South …

Obama Nominates South Carolina Insurance Head to NARAB Board of Directors

President Barack Obama has nominated South Carolina Department of Insurance Director Raymond G. Farmer to serve as a member on the Board of Directors of the National Association of Registered Agents and Brokers (NARAB) for a period of one year. …

South Carolina Insurance Chief Farmer to Stay

Raymond Farmer is staying on to lead South Carolina’s Department of Insurance. Farmer said Tuesday he was honored to be asked by Gov. Nikki Haley to stay on in the position he’s held since 2012. Farmer took over nearly a …

South Carolina Approves CAT Models, Weighs Building Public Model

South Carolina regulators have approved seven private catastrophe models for use in ratemaking while conducting a legislatively mandated study on the feasibility of constructing a public model. South Carolina Insurance Commissioner Ray Farmer recently signed-off on the first state-approved models …