South Carolina News

It Figures

488% The jump in profits for the third quarter reported by Harleysville Group Inc. The insurer saw its third-quarter profits climb to $24.7 million, up from $4.2 million in the year-ago period. Revenue at the insurer rose to $244.3 million, …

More Heavy Metal Hits

Heavy Equipment Theft Now Estimated To Be A Sophisticated $600 Million Business On the last day in September, Jerry Dean Ledford was driving a stolen Ford F-250, and pulling a trailer loaded with a stolen tractor, down Highway 74 in …

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. Commercial Construction Liability Market Detail: Insurance Specialty Group presents PrimeSTARR, an ISO-based commercial construction general …

Ratings Recap: Tokio Millennium Re, Nissan Global, Asia Capital, ACRe

A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted that TMR is a wholly owned subsidiary of Tokio …

South Carolina Couple Sues Firm for Hiring 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 reports Friday that Norman and Marjorie Agin say Norred & Associates and two local supervisors were …

Report Urges Tighter Building Code for South Carolina Beachfront

South Carolina needs to take a tougher stand to keep new beachfront development from moving closer to the ocean, according to a report requested by the state’s environmental agency. The report calls for lawmakers to tighten a 1988 law that …

South Carolina Man Settles Over Operations Performed By Fellow

Bruce White hauled thousands of gallons of gas a day for years. These days, carrying a gallon of milk is a challenge for the Union County, South Carolina man. White worked 15-plus hours many days, manhandling hoses that, full of …

Savannah Diocese Settles Priest Sex Abuse Case for $4.2 Million

The Diocese of Savannah said it has reached a $4.24 million agreement through a court-ordered mediation in South Carolina with Allan Ranta who alleged he was sexually molested by former priest Wayland Y. Brown between 1978 and 1983. Ranta also …

BB&T Insurance Acquires Florida’s Oswald Trippe Agency

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 addition to its …

It Figures

$12.1 Million Cumulative amount of bonuses to be paid to several top executives at AIG, after U.S. pay czar Kenneth Feinberg signed off on the deal. The payments were promised in 2008 to get key employees to stay with AIG …