South Carolina News

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 with Assault and Battery Nuts & Bolts: United States Liability Insurance is writing …

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 Insurance Services Nuts & Bolts: Child Welfare Insurance Services is offering programs designed …

Update: Train Exec Didn’t Promise to Keep Mill Open after South Carolina Crash

The former chief executive of railroad owner Norfolk Southern says he never promised that his company would pay to keep a South Carolina textile mill open after it had been damaged by a 2005 toxic chemical spill. A Norfolk Southern …

Ratings Recap: RSUI Group, Covington, AMERISAFE, Combined, UNAIC

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of RSUI Group and its members. Best also affirmed the ICR of “bbb” and debt rating of “bb+” on $290.4 …

South Carolina Senate OKs Tax Breaks for Fire Sprinkler Systems

Installing a new fire sprinkler system in a home or business could bring tax breaks worth about half their cost under a bill sent to the South Carolina Senate. The legislation allows local governments to decide whether they’ll offer tax …

Insurer Group Sees Tennessee Legislation as Victory for Insured Drivers

Tennessee drivers scored a major legislative victory with the passage of a new law that stops cities from imposing hidden taxes on motorists, according to the Property Casualty Insurers Association of America. The legislation (HB 2547) prohibits local governments from …

Holdout Maine Agrees to Cooperate on National Real ID License

The governor of the first state to rebuke the federal government over plans to tighten driver’s license rules promised this week to work with the Department of Homeland Security to meet federal demands so residents won’t be singled out for …

Feds Offer Safety Plan for Rail Tank Cars with Hazardous Materials

The safety of rail tank cars that carry the most dangerous hazardous materials will be improved under the “most sweeping and revolutionary proposal in decades,” according to U.S. Secretary of Transportation Mary E. Peters. “This proposal is designed to significantly …

South Carolina Senate Bill Aimed at Reducing Teen Driver Accidents

South Carolina’s youngest drivers would have to go through more training before getting a regular license under a bill that has won approval in a Senate panel. Sen. Joel Lourie says requiring four hours of private driver’s training will help …

Insurers Say South Carolina Storms Caused at Least $43M in Damage

Insurers say estimated damage in South Carolina from severe weather earlier this month has increased to $43 million. The South Carolina Insurance News Service said Monday that more than 11,000 insurance claims had been reported as a result of the …