South Carolina News

Business Moves

Liberty Mutual, Wausau Liberty Mutual Group, which sells insurance both direct and through independent agents, is discontinuing direct distribution to mid-sized businesses and now plans to distribute its commercial property/casualty insurance products in the middle market exclusively through independent agents …

USC Geographers Create U.S. ‘Death Map’ of Natural Event Fatalities by County

University of South Carolina geographers have produced a map of natural-hazard mortality in the United States. The map, featured in the International Journal of Health Geographics, gives a county-level representation of the likelihood of dying as the result of natural …

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. High-Value Homeowners’ Protection Market Detail: Irwin Siegel Agency Inc. brings agents access to AIG’s Private …

State Regulators Deny Life Insurers’ Bid for Looser Capital Requirements

State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry, shooting down hopes for up to $30 billion in relief. The National Association of Insurance Commissioners (NAIC), a group representing regulators in all …

Ratings Recap II: Chaucer, MSIG, Congregational, Top Layer, Asia Capital

Standard & Poor’s Ratings Services has issued a bulletin indicating that “its ‘3’ Lloyd’s Syndicate Assessment (LSA) on Chaucer – Syndicate 1084 is not affected by the announcement by Chaucer Holdings PLC (Chaucer Holdings; not rated) on January 28 of …

Wells Fargo Names Heads of Insurance Businesses

San Francisco-based Wells Fargo & Co. announced its management team for the combined insurance businesses of Wells Fargo and Wachovia Corp. Reporting to Dave Zuercher, group head of International and Insurance Services, are Neal Aton, head of Wells Fargo Insurance …

South Carolina Blues Opens Retail Insurance Store Staffed by Agents

South Carolina BlueCross and BlueShield has opened its first retail insurance store in the state. The new store opened last Friday in Mount Pleasant. The store offers health insurance policies for both adults and children. It will be staffed by …

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. Mono-line Property for Coastal Exposures Market Detail: CATalyst Property Insurance from Venture Programs gives agents …

Nebraska Could Be Next State for Fire-Safe Cigarette Law

Nebraska has fallen out of the mainstream when it comes to smoking-related laws, but that could change. Thirty-seven states have passed laws requiring that all cigarettes sold in their states be fire-safe. Nebraska is not among them, but the state …

La. Ranks High For Safe Driving Laws, Other S.C. States, not so Much

A new report finds Louisiana is among 15 states to have made progress in enacting key highway safety laws. Arkansas, Oklahoma and Texas did not fare so well. The 55-page study was done by Advocates for Highway and Auto Safety, …