South Carolina News

New Markets

Real Estate Appraisers Nuts & Bolts: San Diego-based AMIS (Alliance Marketing and Insurance Services) is offering broader package policies for real estate appraisers handling residential and commercial property. This policy offers commercial general liability coupled with errors and omissions and …

AAMGA Leaders Conclude ‘Fact-Finding’ London Trip

Insurance may be local, but it doesn’t have to be handled exclusively in the state, or even the country, where it’s needed. For the surplus lines market that means Lloyd’s, which explains the annual visit to London of the top …

Bermuda Monetary Authority Confirms Increased Incorporation Activity

A bulletin from the Bermuda Monetary Authority (BMA) confirmed that the island had “recorded a three-year high for (re)insurance company incorporations during 2006, with an almost 10 percent increase in the number of new (re)insurance companies incorporated in the jurisdiction …

Ark. Commissioner Elected Officer at NAIC

Arkansas Insurance Commissioner Julie Benafield Bowman has been elected Secretary-Treasurer of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC), her office announced. Becoming an officer of the Zone elevates Bowman to the Executive Committee of the NAIC. …

A.M. Best Affirms Main Street America Group’s ‘A’ Rating

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) of Main Street America Group (MSAG) and its four members led by NGM Insurance Co. and including affiliated insurers Main Street America Assurance Co., MSA Insurance Co. (South …

MySpace Sued by Families of Children Abused by Adults Met on the Site

Four families have sued News Corp. and its MySpace social-networking site after their underage daughters were sexually abused by adults they met on the site, according to lawyers for the families. The law firms, Barry & Loewy LLP of Austin, …

Wis. Tommy Thompson to be Keynote Speaker at Advisory Group Meeting

The Hon. Tommy G. Thompson, former governor of Wisconsin and U.S. Secretary of Health and Human Services, has accepted an invitation to be the keynote speaker at an annual executive conference sponsored by the American Association of Insurance Services (AAIS). …

New Markets

GL for Builders, Contractors, Artisans Nuts & Bolts: Golden Insurance Co. RRG extended its commercial general liability coverage for builders, general contractors and artisans to $1 million/$1 million. Coverage is offered on a claims-made basis, and most builder trade classes …

S.C. drivers face higher limits in new year

The new year will force about a third of South Carolina’s drivers to dig deeper into their wallets to pay for auto insurance. A little-debated change in state law requires drivers to buy minimum liability coverage of $25,000 for a …

New Markets

Professional Liability Beauticians Nuts & Bolts: All policies are packaged premises and professional. $3million aggregate is available. Program is self-rating. Dollars: $100,000 to $3 million. Carrier: Lloyds of London, rated “A” XV by A. M. Best. Non-admitted. States: All. Contact: …