South Carolina News

Insurance Agent Named to South Carolina Parole Board

The owner of a South Carolina insurance business is the newest member of the South Carolina Board of Probation, Parole and Pardon Services. Gov. Mark Sanford appointed Alan Gardner of Newberry to the post last week. Gardner has served on …

California Wildfires: Coverage Disputes May Be Heating Up

On a number of well-publicized occasions, California homeowners have been ravaged by a series of wildfires with devastating results. Most recently in May in Santa Barbara, for example, the Jesusita Fire burned 80 homes and cost $20 million in firefighting …

My 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. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …

Unsecured Foreclosed Homes Pose Huge Risk as Hurricane Season Opens

Mike Manikchand points toward his neighbors in Lehigh Acres — a half-dozen empty, foreclosed-upon homes, sitting on weed-strewn yards — and he wonders: What will happen if a hurricane slams into southwest Florida this year? His simple answer: “A lot …

Best Revises Selective and Subs Outlook to Negative; Affirms Ratings

A.M. Best Co. has revised its rating outlook to negative from stable, but has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of Selective Insurance Group and its seven property/casualty pooling members. …

North Carolina Agent Charged with Murder Pleads Guilty to Embezzlement

Former North Carolina insurance agent Michael A. Howell has pleaded guilty to 25 counts of embezzlement and is expected to plead guilty to the murder of the state examiner who audited his agency about one year ago. Howell, 41, has …

Home Warranties Under Fire in South Carolina

A coalition of about 70 consumer and justice groups have sent a letter to South Carolina Attorney General Henry McMaster asking him to investigate home warranties they think violate state law. Fair Arbitration Now says builders often give homeowners a …

ASI Enters South Carolina Homeowners Insurance Market

Florida-based American Strategic Insurance Corp. (ASI) has entered the South Carolina marketplace and is offering homeowners’ insurance coverage for coastal property owners through independent agents. “As the Department continues to pursue comprehensive coastal property insurance reform initiatives, the addition of …

Business Moves

Wells Fargo Insurance Services, North Coast Surety Wells Fargo Insurance Services Inc., part of Wells Fargo & Co., acquired the assets of North Coast Surety Insurance Services and North Coast Surety Technologies. Terms were not disclosed. North Coast Surety Insurance …

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. Livestock Mortality Insurance Market Detail: Chopra Insurance Brokerage Inc. offers an “all risks of mortality” …