South Carolina News

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …

New Markets

My New Markets Logging and Lumbering Nuts & Bolts: O’Donovan & Associates’ Timber Harvester Program is designed to provide customized coverage for the contractor who harvests and hauls timber and related products. Mechanized and manual cutting operations are both included. …

Are state-backed insurance schemes the wave of the future?

The government’s role in insurance markets is a matter of increasing importance and controversy. Historically, state insurance departments have regulated insurers and insurance markets, overseeing solvency, rate and form regulation, and consumer protection. More recently, however, the state itself is …

RiskMeter Adds New Storm Surge Report to Online Hazard Lookup

CDS Business Mapping, LLC, which develops online hazard mapping, has added a new storm surge report to its RiskMeter Online real-time, natural hazard risk report service. The RiskMeter is used by underwriters and agents to automate property lookups. It performs …

House Named La. Branch Manager at USG Insurance Services

USG Insurance Services Inc., a national wholesale broker of commercial insurance headquartered in Tampa, Fla., Announced that Michael House, former Florida and South Carolina branch manager is relocating to Louisiana to serve as branch manager in that state. House has …

Magazine: Drivers in Cheyenne, Wyo., 2 N.C. Cities among Worst

As far as Dick Lennox is concerned, things that go “bump” on the road are good for business. Still, even the owner of Lennox Body Shop would like to see a little less of it on local roads. An analysis …

Not All Gulf Coast Residents Put Stock in Latest Hurricane Forecast

A hurricane forecaster this week predicted a turbulent season this year, including a good chance one will hit the coast, but forgive South Carolina’s Huiet Paul if he was unimpressed. “Only the good Lord knows and he’s not telling anybody,” …

Insurers Support Limited Wind Pool Expansion in S.C.

Insurers have expressed support for a limited expansion of South Carolina’s wind insurance pool, as long as the state entity remains a market of last resort and does not offer rates that are competitive with private insurers. The S.C. Senate …

Conn. AG Hits Department’s Failure to Penalize Health Insurer

Connecticut Attorney General Richard Blumenthal said the state Department of Insurance (DOI) has failed to hold an insurance company accountable for “repeatedly and unconscionably denying consumers promised health benefits.” After seven months of what he terrms “prodding and cajoling” the …

S.C. Wrongful Death Medical Suit Settled for $1.7 Million

The family of a 73-year-old South Carolina man who died after receiving the wrong drug during surgery will receive $1.775 million in the settlement of a wrongful death lawsuit, according to court documents. According to attorneys for Martha Cogan, widow …