South Carolina News

Southeast’s Top Stories: Disasters That Happened and 1 That Didn’t

The top insurance stories in the Southeast in 2010 included several disasters that caused considerable death and destruction in the region and one that didn’t do as much harm as feared. The April 20 blowout of BP’s Macondo well while …

Fact or Fiction? Insurance Tidbits of Known and Little-Known Information

Have you ever wondered what big events helped shape regulation of the current U.S. insurance industry? Or if drivers of certain cars have more risk? What about the most attractive insurance job in the industry? These are just a few …

Florida Case Is Next Test for Health Care Law

Attorneys for 20 states fighting the new federal health care law told a judge last week it will expand the government’s powers in dangerous and unintended ways. The states want U.S. District Judge Roger Vinson to issue a summary judgment …

Business Moves

Ryan Specialty Group, Oakbridge R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, acquired Bloomfield, Conn.-based Oakbridge Insurance Services LLC, an insurance intermediary focused exclusively on executive and professional liability exposures and insurance solutions. Terms were not …

Hogan Joins South Carolina’s Canal Insurance

Commercial trucking insurer Canal Insurance Co. in Greenville, S.C. announced that Timothy J. Hogan has joined the company as chief administrative officer. With more than 25 years of management experience, Hogan has held several senior management roles at USF&G (now …

Ratings Roundup: NIPPONKOA (Asia), Aspen (Notes), Asia Capital

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable outlooks. The rating affirmations reflect NIPPONKOA Asia’s “sound risk-based capitalization, high …

Outlook: South Carolina Economy to Improve Slowly in 2011

The South Carolina economy improved in 2010 and will continue to recover in 2011 with better job growth. But the improvement next year will happen slowly. Job growth is expected to increase to 1.2 percent in 2011 from 0.1 percent …

Report: Louisiana Is Less Healthy than Previously Thought

A report from the United Health Foundation finds Louisiana’s national health rankings dropped to 49th in the last year. The ranking puts Louisiana second to only Mississippi in having the worst health outcomes of any state in the nation. State …

Audit: South Carolina Workers’ Compensation Board Delayed Deposits

The South Carolina Workers’ Compensation Commission broke state law by not depositing fines because it worried legislators would use the money for something else, according to a state audit. The commission collected but delayed for weeks depositing $244,000, the Legislative …

People

Aon Corp. reported that Andrew Appel, the firm’s chief operating officer, will be leaving the company at the end of the year. The company said there are no plans to fill the position upon Appel’s departure. Appel has held multiple …