South Carolina News

Report: N.C. among states with worst traffic, S.C. among best roads

Nearly 52 percent of U.S. urban Interstates are now congested and traffic fatality rates rose slightly, but road surface conditions and bridge conditions improved, according to the Reason Foundation’s latest annual highway performance report. “Gridlock isn’t going away,” said David …

Declarations

Tandem response “It makes no sense for us not to plan all of our responses in tandem.” — Alabama Gov. Bob Riley as he and Mississippi Gov. Haley Barbour vowed to cooperate in the event of a storm, just as …

S.C. sponsors free mitigation workshop

Scott H. Richardson, South Carolina insurance director, recently unveiled the department’s new grant initiative, SC Safe Home. The program is a component of the recently-enacted Coastal Omnibus Act of 2007 which focuses on the availability and affordability of insurance coverage …

People and Places

The Hartford Financial Services Group Inc. has named Thomas M. Marra to the newly created position of president and chief operating officer. Marra, currently a member of the company’s board of directors and president and chief operating officer of Hartford …

Declarations

Declarations Tandem response “It makes no sense for us not to plan all of our responses in tandem.” — Alabama Gov. Bob Riley as he and Mississippi Gov. Haley Barbour vowed to cooperate in the event of a storm, just …

N.C. braces for flood insurance rate surge under new building code

Thousands of coastal North Carolina residents could see insurance rates surge this fall as state regulators weigh higher insurance costs against the rising cost of protecting homes. The North Carolina Building Code Council has balked at new international building codes …

Regional companies provide a competitive advantage

Agents need to build a portfolio of carriers to meet their clients needs, and that should include both regional and national carriers, according to Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp. and its subsidiary companies Sequoia Insurance …

S.C. ‘Wind pool’ Insurance Rates Likely to Rise

Insurance rates for people along the South Carolina coast who can’t find regular coverage for hurricane and wind damage will likely be going up this fall, although the amount of the increase has not been determined. The wind insurance pool …

Regional companies provide a competitive advantage

Agents need to build a portfolio of carriers to meet their clients needs, and that should include both regional and national carriers, according to Rick Quagliaroli, president and CEO of Strongwood Holdings Insurance Corp. and its subsidiary companies Sequoia Insurance …

News Currents

Bermuda shorted as more U.S. captives form onshore, Aon reports Bermuda’s reign as the undisputed global leader among captive domiciles is being challenged by U.S. companies that are increasingly leaning toward onshore domiciles for their captive insurance companies. That is …