South Carolina News

New Markets

Wedding Insurance Nuts & Bolts: Travelers recently launched Wedding Protector Plan, which provides coverage with no deductible for a variety of unfortunate occurrences associated with a wedding event. For example, coverage is provided if a hurricane causes the necessary and …

N.D. Flex Rating Proposal for Auto, Homeowners Advances

The North Dakota House Industry Business and Labor Committee unanimously approved legislation this week that would implement a 5 percent flex band rating system for automobile and homeowners insurance. The bill SF 2296 would also put in place a use …

S.C. Regulator Opposes Wind Pool Expansion, Offers Suggestions

South Carolina’s new state insurance director rejected calls this week for the broad expansion of a program that offers coverage for hurricane-prone areas and said such a move would cost many consumers more money. Some legislators have called for an …

State Farm Announces $1.2 Billion Mutual Auto Policyholder Dividend

New Markets

Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …

New Markets

Monoline Energy Accounts Nuts & Bolts: MarketScout launched a new exclusive monoline energy workers’ compensation program that accepts most class codes related to the energy industry, including operations “over the hole” and USL&H exposures. Dollars: Statutory and $1 million employers’ …

New Markets

Trucking Auto Physical Damage Nuts & Bolts: AIX Group Inc., a specialty insurance holding company, has formed a new program to provide automobile physical damage coverage to commercial trucking operations. This program will be targeting operations with above average loss …

The Commissioners: George Dale

Battered but not beaten, Mississippi focuses on helping people A former high school principal, George Dale is now the longest serving state insurance commissioner in the nation. He has been elected by the people of Mississippi since 1975 and recently …

Richardson named S.C. commissioner, replacing Kitzman

South Carolina Gov. Mark Sanford named and the Senate confirmed Sen. Scott Richardson of Hilton Head as the director of the Department of Insurance. Richardson, 55, was elected to the South Carolina Senate in 2000, and previously served in the …

Declarations

Robber baron “We’re looking a robber baron in the face. State Farm is not a responsible corporate citizen.” Mississippi Attorney General Jim Hood fighting a recent decision by State Farm Insurance Co. to stop writing new home and commercial property …