South Carolina News

People

Monte Stringer, executive vice president with U.S. Risk Inc. in Dallas, has been elected president of the Texas Surplus Lines Association Inc. for the coming year. Stringer and other new officers and directors of the organization were elected at the …

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. Campgrounds, Dude Ranches & Other Outdoors Risks Market Detail: Hull & Company Inc. has availability …

Declarations

Floridians Fret “More than a third of Floridians say they have suffered a personal financial crisis in the past year. Adequate insurance can help prevent a crisis.” —Bill Gunter, chairman of the Florida Association of Insurance Agents, which sponsored Money …

TAPCO Underwriters Expands Into Alabama and Louisiana

Insurance agents in Alabama and Louisiana may now access the services provided by TAPCO Underwriters Inc. (TAPCO), a Burlington, N.C.-based MGA that specializes in high-volume, middle-market excess and surplus insurance lines. The company explained in its announcement that it has …

Insurer Trade Group PCI Names Isler Lobbyist for Southeast

The Property Casualty Insurers Association of America (PCI) has named Micaela Isler as regional manager, state government relations. Isler will cover the Southeast Atlantic region which includes the District of Columbia, Georgia, North Carolina, South Carolina, Tennessee and Virginia. Prior …

Best Affirms Balboa and Group Members ‘A’ Ratings

A.M. Best Co. has affirmed the financial strength ratings (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Balboa Insurance Group and its P/C members: Balboa Insurance Company (BIC), Meritplan Insurance Company (both of Irvine, CA), Newport …

Sipe Named Head of Summit in Florida

Liberty Mutual Agency Markets has appointed Carol Sipe as president and chief executive officer of Summit, which provides monoline workers’ compensation coverage in 10 southeastern states. Sipe succeeds Rick T. Hodges, who has led Summit since 1999. Hodges will retire …

Business Moves

Aon, Carpenter Moore Global insurance broker Aon Corp. has agreed to acquire Carpenter Moore Insurance Services, Inc., a provider of executive liability risk management services and a wholly owned subsidiary of The NASDAQ OMX Group, Inc. Financial terms of the …

Business Moves

BB&T, Oswald Trippe Raleigh, North Carolina-based BB&T Insurance Services, the nation’s seventh largest insurance broker, said it has expanded its southwest Florida operation with the acquisition of Oswald Trippe and Co. Inc. of Fort Myers. Terms were not disclosed. In …

South Carolina Couple Says Security Firm Hired Accused Arsonist

A South Carolina couple has sued a Georgia-based security company for hiring a guard accused of setting fires. The Island Packet of Hilton Head reported that Norman and Marjorie Agin say Norred & Associates and two local supervisors were negligent …