South Carolina News

PURE Expands High Value Home Coverage into Rhode Island

PURE Risk Management LLC is expanding its Privilege Underwriters Reciprocal Exchange (PURE), a member-owned reciprocal insurer, to offer property/casualty insurance coverage on high value homes in Rhode Island. PURE will also offer automobile, jewelry, art, personal liability and watercraft insurance …

Allstate Drops Mobile-Home Coverage along South Carolina Coast

An Allstate spokesman says the company will no longer insure mobile homes along the South Carolina coast. Shane Robinson told The Sun News of Myrtle Beach for a story Saturday that about 2,400 existing customer policies in Beaufort, Berkeley, Charleston, …

Distracted By Research

The results seem to defy everyday experience, common sense and human psychology. The National Highway Traffic Safety Administration reports that nearly 6,000 people died in 2008 in crashes involving a distracted or inattentive driver, and more than half a million …

Distracted by Research

The results seem to defy everyday experience, common sense and human psychology. The National Highway Traffic Safety Administration reports that nearly 6,000 people died in 2008 in crashes involving a distracted or inattentive driver, and more than half a million …

Declarations

Failed to Operate “The current system for assessing, determining, and applying windstorm mitigation discounts has failed to operate as intended and has contributed to problems in the residential property insurance marketplace.” —Florida’s Commission on Hurricane Loss Projection Methodology in its …

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …

South Carolina Eyes Lawsuit Limits to Help Economy

South Carolina’s economic recovery could be helped by new limits on lawsuits, claims a business group in urging state lawmakers to consider legislation to do just that. The Senate Judiciary committee is weighing legislation that would broaden 2005 limits placed …

Distracted by Research

The results seem to defy everyday experience, common sense and human psychology. Wyoming is the latest state considering a law to prevent distracted driving, but it may not be much help. Distracted driving — texting or talking on the phone …

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …

Business Moves

OneBeacon, Tower Group Massachusetts-based OneBeacon Insurance Group has agreed to sell its personal lines business to Tower Group Inc. in a deal that comprises two affiliate insurers and two reciprocal insurance exchanges in New York and New Jersey. The agreement …