South Carolina News

Former S.C. Insurance Firm President Sentenced for Forgery

The former owner and president of an insurance company has been sentenced to three and a half years in federal prison after he was convicted on forgery charges. Jay Morris Specter, 51, of Columbia, S.C., was convicted in January on …

Insurers Urge S.C. Legislature to Pass Coastal Insurance Reforms

The Property Casualty Insurers Association of America commends Gov. Mark Sanford and the South Carolina Legislature for advancing an agenda of reform aimed at strengthening the state’s coastal insurance market. Today the South Carolina House concurred with the Senate on …

Texas to Host Southern Workers’ Comp Administrators Meeting

The Texas Department of Insurance and Commissioner of Workers’ Compensation Albert Betts are hosting the 59th Annual Southern Association of Workers’ Compensation Administrators (SAWCA) Convention on July 14-18, 2007, in Austin. Insurance carriers, health care providers, employers and employee organizations …

Florida Welcomes Insurers to Anxious Market

Eight new insurers entered the property and casualty insurance marketplace in Florida since January 1, 2007 according to the Florida Office of Insurance Regulation The insurers represent a variety of insurance entities including surplus lines, alien, foreign, and domestic property …

Business Moves

Titan, Eastwood THI Holdings (Delaware) Inc., a Nationwide company, through one of its agency subsidiaries, has acquired the assets of Anaheim Hills, Calif.-based Eastwood Insurance Services Inc. for $217 million. Eastwood Insurance operates 47 multi-line agencies in California, Texas, Florida, …

Leader Profiles

Personal Lines Profile American Auto Club Ins. Agency Charlotte, N.C. 2006 personal lines premium: $41.0 million No. of personal lines insurers: 10 Founded in 1998, American Auto Club Insurance Agency has 24 locations in North and South Carolina. The firm …

S.C.: Clemson Studies How to Make Homes Safer in Storms

South Carolina’s Clemson University researchers are looking for ways to reduce damage in hurricanes done to small structures – the ones that people live in. “There are lots of labs all over the country looking at the Cadillacs of buildings, …

Personal Lines LEADERS

About the Personal Lines Leaders: The Personal Lines Leaders in this special feature are taken from Insurance Journal’s Top 100 Property Casualty Independent Agencies as reported in April. This list utilizes only the personal lines numbers of agencies that submitted …

FORECASTERS AGREE

S.C. COASTAL PLAN Discounts, tax breaks promised MAKE TRIA PERMANENT Argues U.S. Sen. Dodd

Richardson has high hopes for S.C. omnibus coastal legislation

Insureds would receive premium discounts for storm mitigation efforts and be able to establish tax-free personal catastrophe savings accounts while insurers would receive tax breaks for writing coastal properties under omnibus coastal insurance legislation taking shape in South Carolina. The …