South Carolina News

Florida Approves 14.6% Homeowners Insurance Rate Hike for Universal

Universal Property and Casualty Insurance Co. (UPCIC) reports it has received approval for a premium rate increase for its homeowners program in Florida. The premium rate increase, which will average approximately 14.6 percent statewide, was approved by the Florida Office …

Declarations

Wildfire Lessons “I’ll be very honest about it – we haven’t come up with anything different we could do.” —Fire Chief Garry Alderman, who heads the fire and rescue agency for wildfire-prone Horry County, South Carolina. He won’t alter his …

Florida’s Homeowners Choice Makes Bid for 21st Century Holding

Homeowners Choice, Inc., a Florida-only homeowners insurance company founded in 2006, has sent a letter to the board of directors of 21st Century Holding Co. proposing a merger between the two companies. In an Oct. 12 letter addressed to Bruce …

North Carolina Firms Seek to Limit Liability in Parasailing Deaths

Two North Carolina companies have filed a complaint in federal court aimed at removing them from liability in the deaths of two women killed in a parasailing crash. The Sun News of Myrtle Beach, S.C. reported that the complaint by …

Chubb Post-Storm Inspections Available in Georgia, South Carolina

The Chubb Group has extended its post-catastrophe inspection service to homeowners insurance customers who own a secondary or seasonal home in Georgia and South Carolina and who may not be able to visit their property immediately after a hurricane or …

Sheffield Joins Georgia Insurance Commissioner Race

One Priority Will be Growing the Captive Sector, Says Former Department Employee Attorney Maria Sheffield has become the latest candidate to enter the Republican primary to be the next insurance commissioner in Georgia. Sheffield is an attorney with Burr, Forman …

South Carolina Still Looking for Lessons from Myrtle Beach Wildfire

The fire chief in one of South Carolina’s busiest tourist spots said he won’t alter his agency’s practices even though his crews failed to extinguish a small blaze that mushroomed into the worst wildfire in state history. Chief Garry Alderman, …

What to Expect If Hurricane Hugo Hit South Carolina Today

Hurricane Hugo was the most costly hurricane ever to hit the United States when it made landfall in South Carolina in 1989, causing $4.2 billion in insured damage. Since then, the total insured property along South Carolina’s coast has grown …

Declarations

20% The percentage of U.S. drivers who admit they have read or sent a text message while behind the wheel, even though nearly all of the respondents considered such action unacceptable, according to an AAA survey. $500 Million Georgia Insurance …

States Give a ‘Thumbs Up’ to Fingerprinting Insurance Producers

Regulators Say Fingerprinting Keeps Criminals Out of the Business Don’t be alarmed, but there are convicted criminals roaming around the country acting as insurance producers. They could be robbers, forgers, possibly even rapists. They got their producer licenses in states …