South Carolina News

Report: South Carolina Officials Label York Mill Fire as Suspicious

Officials say they now think the fire that destroyed a more than 100-year-old cotton mill in York, South Carolina is suspicious. The Herald of Rock Hill reports that York Fire Chief Domenic Manera said authorities interviewed several people at the …

Insurers to Build Research Center for Natural Disaster Property Losses

A new state-of-the-art applied research facility will use science and technology to expand capabilities to create more durable homes and businesses and reduce the human, financial and societal costs of natural disasters. The Institute for Business & Home Safety (IBHS), …

South Carolina Gov. Signs Impaired Driving Bill into Law

South Carolina Gov.Mark Sanford signed a new law last week to toughen the state’s penalties for driving under the influence and to remove enforcement loopholes. The bill significantly strengthens the state’s DUI laws, toughening penalties for most first time offenses …

USGS: Earthquakes Serious Threat in 46 States, Ups Risks in Washington, Oregon

Scientists at the U.S. Geological Survey (USGS) have updated the USGS National Seismic Hazard Maps, and noted that earthquakes remain a serious threat in 46 of the United States. For some areas such as western Oregon and Washington, USGS increased …

Tennessee Nixes Emergency Service Fees

Tennessee has a new law that stops cities from imposing fees for the cost of responding to motor vehicle accidents. The measure (HB 2547) was passed by the Tennessee General Assembly and became effective with Gov. Phil Bredesen’s signature on …

S.C. Textile Firm, Railroad Settle in Train Wreck

A South Carolina textile company that closed after a train wreck and toxic chemical spill in 2005 settled a lawsuit with a railroad company, ending a trial that began a month ago, an attorney for the firm said. Avondale Mills, …

It Figures

$420 Million The amount a South Carolina textile company sued Norfolk Southern railroad for after a train wreck and toxic chemical spill in 2005 forced the company to close. Avondale Mills and Norfolk Southern reached a deal this month. Attorney …

Business Moves

ACE, Aon ACE Limited has completed its acquisition of 100 percent of the outstanding shares of Combined Insurance Co. of America and certain of its subsidiaries from Aon Corp. for $2.56 billion in cash. The closing price exceeded the $2.4 …

AAA Study Pegs Cost of U.S. Traffic Crashes at $1,051 Per Person

Traffic crashes cost American motorists more than $160 billion a year while inflicting a staggering per-person toll on small cities such as Little Rock, Ark., Columbia, S.C., and Pensacola, Fla., according to an American Automobile Association (AAA) research report. The …

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. Liquor Liability Coverage Nuts & Bolts: Advanced E&S Insurance Underwriters recently announced the offering of …