South Carolina News

TAPCO Underwiters Now Offering E&S Services to Mississippi Agents

TAPCO Underwriters, Inc., a Burlington, North Carolina-based excess and surplus lines managing general agency, is now offering its services to retail insurance agents in Mississippi. TAPCO is known for its unique service model that allows for coverage to be bound …

Water Safety a Specialty for Pennsylvania Investigator

It’s the season when the floodgates open to all kinds of watery fun under the sun, bringing joy to children and adults alike as they splash in pools and water parks across the country. But it’s a more somber season …

Nationwide Golf Tour Cuts West Virginia Winnings as Sponsors Lag

One of the Nationwide Tour’s top events slashed its purse nearly in half because of a lack of sponsorships. This week’s Players Cup at Pete Dye Golf Course in West Virginia will award $600,000 in prize money, down from $1 …

Business Moves

Hiscox Hiscox, an international specialist insurer, has opened an office in Miami to further expand its U.S. operations. The Miami office, which is located in the heart of the Brickell area, will serve brokers in the Southeast. The lines of …

Ratings Roundup: TTB/TTI Club, Oman Insurance, Trust Re

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of the Bermuda-based Through Transport Mutual Insurance Association Limited (TTB), and its wholly owned subsidiary, the UK-based TT Club Mutual …

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. Contractors General Liability Market Detail: London American Risk Specialists Inc. brings agents a commercial general …

South Carolina Court Denies Motor Carrier Exemption for Liability Limits

The South Carolina Supreme Court has ruled that a trucker paid to haul cut trees is a commercial motor carrier required to carry liability insurance limits of at least $750,000 and does not qualify either as a private carrier or …

Beacon Hill Associates Offers Workers’ Comp Product

PartnerOne Environmental, the underwriting division of Virginia-based wholesaler Beacon Hill Associates, says it can now offer workers’ comp coverage in conjunction with general liability or contractors pollution liability Coverage is provided by a group of A+ Rated insurance carriers with …

Krebs Joins South Carolina Captive Insurer Licensing Team

Ronald Krebs has joined the Alternative Risk Transfer Services Team in South Carolina’s insurance department, where he will be responsible for the application processes from submission to licensing captive insurance companies and risk retention groups. Krebs brings with him 35 …

Universal Insurance Holdings To Purchase ICAT Specialty Insurance

Universal Insurance Holdings of North America and ICAT Holdings LLC of Boulder, Colo., have received regulatory approval that completes Universal North America’s purchase of ICAT Specialty Insurance Co. (ISIC). Under the terms of the agreement, Universal North America will acquire …