South Carolina News

Brown & Brown Acquires Eberhart & Co. of Georgia

Florida-based agency Brown & Brown has acquired Eberhart & Company Insurors, Inc.of Roswell, Georgia. With revenues of approximately $1 million, Eberhart has served the insurance needs of individuals and businesses in the Atlanta metropolitan area since 1969. Eberhart principals Ralph …

New Markets

The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Closure/Post Closure for Landfills Market Detail: Sloan Mason Insurance Services provides closure and post closure …

26 An investigation into a salmonella outbreak in May has expanded to 26 Illinois counties. The Illinois Department of Public Health reported that 80 people got sick after eating in Subway restaurants. Officials said the people who got sick range …

Business Moves

Arthur J. Gallagher, Joseph James & Associates Illinois-based insurance brokerage and risk management services firm, Arthur J. Gallagher & Co., has acquired Joseph James & Associates of Dublin, Ohio. Terms of the transaction were not disclosed. Established in 1989, Joseph …

It Figures

9.8% The average drop in South Carolina workers compensation rates approved by state insurance regulators. Insurance Director Scott Richardson also reported that the Assigned Risk Plan, the residual market mechanism, accounted for about 3.9 percent of the direct written premium, …

77.2% In most hurricane-prone states, homeowners have few choices for insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North …

Brown & Brown Acquires South Carolina’s Commonwealth Insurance

Insurance agency Brown & Brown Inc. has acquired Commonwealth Insurance Inc., of Charleston, South Carolina. Founded in 1996 by Todd R. Tyler, Commonwealth Insurance Group, with annual revenues of approximately $2.6 million, provides commercial property/casualty, group employee benefits, and workplace …

NetComp Opens Workers Comp Program to Agents in 5 States

NetComp Insurance, a newly-formed program manager based in Columbia, S.C., has opened its online program (www.netcompinsurance.com) for small to-mid size workers’ compensation business to all independent agents in Arkansas, Georgia, North Carolina, South Carolina and Texas. NetComp said it will …

U.S. Launches Pre-Existing Condition Health Insurance Plan

The U.S. Department of Health and Human Services (HHS) announced today the launch of a Pre-existing Condition Insurance Plan (PCIP) that will offer coverage to uninsured Americans who have been unable to obtain health coverage because of a pre-existing health …

Homeowners Offered Few Insurance Choices in Hurricane States

In most hurricane-prone states, homeowners have few choices of insurance coverage, with just eight property and casualty insurers in each state controlling up to 77.2 percent of the market share, according to Weiss Ratings. Weiss identified Florida, Louisiana, North Carolina, …