South Carolina News

Does Birth Order Determine Willingness to Take Economic Risks?

Does birth order determine someone’s willingness to make risky economic decisions? An experimental economist at The Darla Moore School of Business at the University of South Carolina and a recently graduated doctoral student think so — and they have the …

Best Affirms QBE’s U.S. Subsidiaries Ratings; Upgrades North Pointe

A.M. Best Co. has affirmed the various financial strength ratings (FSR) and issuer credit ratings (ICR) of the operating entities of QBE the Americas, which include the New York-based QBE Re Group, the Delaware-based QBE Regional Insurance Group and its …

Insurance Agent Jailed for Falsely Representing Lloyd’s in Kentucky

A financial service worker in South Carolina was sentenced today to two years in prison for using a scheme to dupe mortgage companies and homeowners in Eastern Kentucky. David C. Thomas, of Greenville, S.C. admitted he falsely portrayed himself to …

10 Years Ago, Hurricane Floyd Brought Flooding, Evacuations to Carolinas

In the dark of night on Sept. 15, 1999, Kelly Andreucci stood on the front porch of his childhood home along Godfrey Avenue and worried about the rain drenching his neighborhood. That night, Hurricane Floyd skirted the Grand Strand before …

Hurricane Hugo Today Would Cause $20 Billion in Damage in South Carolina

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 …

Business Moves

AmWINS/Managing Agency Charlotte, North Carolina-based national wholesale insurance broker AmWINS Group, Inc. has acquired The Managing Agency Group- Employee Benefits, a division of insurance broker Willis HRH. MAG-EB is a wholesale broker of employee benefit plans for small and mid-sized …

North Carolina Coastal Broker Ready to Ride Beach Plan Reform Wave

Hanover Excess Sees State Pool Changes A Boost For Business Still Recovering From Recession, Soft Market The Web site for Hanover Excess (www.hanoverxs.com) proclaims that the people at this North Carolina excess and surplus brokerage believe in the “pursuit of …

People

Insurance broker Marsh announced the appointment of Gary Grose as U.S. marketing director. Grose joins Marsh with 20 years of insurance industry marketing and sales experience. He reports to Jack Butcher, U.S. sales and marketing leader, and will be based …

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 …

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. Misc. Medical Malpractice Market Detail: NAS Insurance Services Inc. gives agents the ability to provide …