South Carolina News

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New Markets

N.J. Coastal Property Nuts & Bolts: McSweeny Agency of New Jersey is offering coverage on boardwalk stores, ocean front, bay front, condos, dwellings, and seasonal commercial properties. Dollars: $100,000 to $1 million. Carrier: Rated “A+” by A.M. Best. Non-admitted. States: …

Figures

2,700 The world’s largest kosher slaughterhouse is recalling about 2,700 pounds of potentially underprocessed frankfurters shipped to New Jersey, New York and Pennsylvania, company and federal officials said. Agriprocessors Inc., based in Postville in northeast Iowa, is ac-cepting returns on …

New Markets

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

News Currents

Fla. pols to lobby Washington for national catastrophe fund But U.S. Rep. Feeney warns some are ‘overly optimistic’ and it will be a tough sell in Washington After the Florida Legislature passed a bill that lawmakers say will address the …

Tourism Leaders Urge S.C. to Deal with Coastal Insurance Costs

South Carolina’s coastal tourism leaders urged Gov. Mark Sanford to make sure insurance is both available and affordable along the coast, the heart of the state’s $16 billion tourism industry. “It’s frightening,” said Doug Wendel, chief executive of Burroughs & …

Report: S.C. Insurance Director Kitzman Resigning

Kitzman resigns as Insurance Department director Eleanor Kitzman is resigning as director of the South Carolina Insurance Department after two years, according to a published report in The (Columbia) State. The newspaper did not cite a source for the resignation, …

Sen. Richardson Named to Head S.C. Department, Replacing Kitzman

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

Ohio Grange Mutual Exits the Banking Business

Maryland-based American Bank Holdings, Inc. and Ohio’s The Grange Bank announced today that the two companies have entered into an agreement under which American’s subsidiary, American Bank, will acquire The Grange Bank. The Grange Bank is a wholly owned subsidiary …