South Carolina News

South Carolina Woman’s Family Gets $3M from Doctors

An attorney for a Chester, South Carolina woman who died from a twisted intestine after three trips to the emergency room says her family has agreed to settle a lawsuit with six doctors for $3 million. Lawyer Chad McGowan told …

South Carolina Pastor Charged with Insurance Fraud

The South Carolina pastor accused of burning his church is now facing insurance fraud charges. Anderson County deputies say 40-year-old Christopher Patrick Daniels of Belton was charged Thursday with three counts of filing false insurance claims on behalf of Blue …

It Figures

$109 Million The amount Ernst & Young LLP has agreed to pay to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives, according to papers filed in Birmingham federal …

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. Child Welfare Organizations Market Detail: Markel Insurance Co. offers agents access to a program for …

South Carolina Neighborhood Suffers 27 Fires in Past 6 Months

Firefighters have battled another blaze in an Orangeburg County, South Carolina neighborhood where authorities say 27 fires have been reported within a mile of each other in the past six months. All of the fires have been in vacant homes …

PURE Offers Coverage in New York

White Plains, New York-based specialty insurer Privilege Underwriters Reciprocal Exchange (PURE) said it will begin offering property and casualty insurance coverage for owners of high-value homes in New York. The company had previously focused on writing products on Florida and …

South Financial Bank Settles Shareholder Suits Over CEO Pay

The South Financial Group has agreed to settle two lawsuits with shareholders and announced that former CEO Mack Whittle will retire from the South Carolina company’s board of directors. The settlement totals $500,000. The company says it will pay $300,000 …

State National to Offer Commercial Liability Program in Southeast

A subsidiary of 21st Century Holding Co. (Nasdaq:TCHC) has received approval from the Florida Office of Insurance Regulation to market and underwrite commercial general liability insurance. American Vehicle Insurance Co. will offer an artisan commercial general liability program in the …

GAINSCO Reports Net Loss for 2008

Dallas-based insurer, Gainsco Inc., announced net losses for the fourth quarter and the year for 2008, but the losses are less than those the company reported in 2007. The company said its net loss for the fourth quarter 2008 was …

Tax Preparation Firm to Pay $1 Million Settlement in South Carolina

A federal judge in Charleston, South Carolina has approved a settlement requiring the company that prepared taxes for a former Charleston Southern University economist currently in prison for fraud to pay almost $1 million to settle investor claims. The settlement …