South Carolina News

Business Moves

CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance unit of BB&T Corp., completed its purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus insurance broker for personal and commercial properties along …

Defending Properties Against Natural Catastrophes

Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute …

Business Moves

CRC Insurance, Southern Risk CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T Corp., has completed a purchase of Southern Risk Operations LLC. Sumter, S.C.-based Southern Risk is an excess and surplus (E&S) insurance broker that specializes in high-risk …

Defending Properties Against Natural Catastrophes

Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute …

Universal North America to Offer Homeowners Insurance in Hawaii

Hawaii Insurance Commissioner J.P. Schmidt announced a new insurance option for homeowners: Universal North America Insurance Co. will offer homeowners (including hurricane option), dwelling, fire and flood policies in the state, with automobile coverage expected to be added in 2009. …

Defending Properties Against Natural Catastrophes

Build Smart With Passive Protection Systems, Safety Institute CEO Says To hear Julie Rochman tell it, she’d like every community in the United States to be resilient in the face of natural disasters. Rochman, president and CEO of the Institute …

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. Insurance Intermediary E&O Market Detail: Quadrant Insurance Managers makes available a professional liability program designed …

South Carolina Coastal Risk Conference Garners Insurer Support

The American Insurance Association is participating in this week’s conference “Out of the Storm: Confronting America’s Catastrophic Risk Crisis,” organized by the South Carolina Department of Insurance and the Competitive Enterprise Institute. The conference, ongoing through Sept. 19 in Hilton …

AIG Will Sell Assets, But at What Price?

American International Group Inc. may not sell assets for as much as it would like, as it scrambles to meet terms of its U.S. government bailout. The giant insurer narrowly avoided bankruptcy late Tuesday after the U.S. Federal Reserve agreed …

South Carolina Farmers to Receive Federal Aid for Drought Relief

U.S. Sen. Lindsey Graham says South Carolina farmers who have been battling drought conditions are now eligible for low-interest loans after federal agriculture officials declared disaster areas throughout the state. Graham announced on Sept. 15 that the U.S. Department of …