Columbus-based State Auto Insurance recently announced that it has joined the Institute for Business & Home Safety (IBHS). IBHS is an initiative of the insurance industry that works to reduce the social and economic effects of natural disasters and other …
South Carolina joined Maine, New Hampshire and other states this week as it formally rejected a federal mandate that sets new national driver’s license standards. Gov. Mark Sanford signed a bill into law that says the state will not participate …
Lancashire Insurance Co. Ltd. gained approval to provide insurance coverage on an excess and surplus basis for properties located in South Carolina. Lancashire intends to focus primarily on coastal windstorm and earthquake coverage for all classes of insureds, including schools, …
In the name of automobile safety and traffic flow issues, Gov. Sonny Perdue announced the Georgia Department of Transportation has awarded a $192 million contract for the long-anticipated reconstruction of the Interstate 20/520 interchange in Augusta. Area motorists can expect …
Gov. Mark Sanford signed a bill into law Monday that he says should lower insurance costs for residents along South Carolina’s coast. Sanford’s signature comes three months after the Republican governor and his recently appointed Insurance Department director, Scott Richardson, …
Employers who lie about what their workers do to save money on insurance premiums would face fines and prison time under an agreement South Carolina legislators reached to overhaul the state’s workers’ compensation system. In addition to toughening fraud penalties, …
Gov. Mark Sanford called this year’s legislative session a success for South Carolinians even though only a few key proposals debated during the past five months will become law this year. Sanford praised bills designed to curb skyrocketing home insurance …
Florida and Louisiana are hurricane-prone states with similar property insurance problems, but their governors are taking wildly different approaches to fixing the insurance headaches. Florida Gov. Charlie Crist, a Republican, has led that state’s push to increase government regulation of …
On Wednesday the South Carolina House of Representatives agreed to Senate changes to coastal omnibus hurricane legislation, which included extending the notice for homeowners whose insurance would be canceled to 90 days during hurricane season. The measure also increases the …
The South Carolina House has concurred with the Senate on the so-called coastal property omnibus bill and forwarded it to the governor who is expected to sign the legislation. HB 3820 includes a limited expansion of the South Carolina Wind …
