South Carolina News

Business Moves

Berkshire Hathaway, Swiss Re Berkshire Hathaway has acquired a 3 percent stake in Swiss Re. Swiss Re has also entered into a reinsurance contract with Berkshire Hathaway which will give it a share of Swiss Re’s property/casualty business. Swiss Re …

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. Collector Vehicles Nuts & Bolts: Markel American Insurance Co. has introduced a collector vehicle insurance …

N.C. Debates Whether Residential Sprinklers Too Costly to Mandate

A North Carolina Firefighters’ group petitioning for mandatory safety measures in certain new residential construction believe a recent ruling by the state’s Building Code Council to hold-off pending further study came too quickly. Wes Greene, chief of the Mooresville, N.C. …

Declarations

Florida Sweep “While I understand the current challenge to find resources in this year’s budget, I am concerned about the recommendation to sweep $129.5 million from the Workers’ Compensation Administration Trust Fund. A trust fund sweep of this magnitude will …

State Officials Not Sold on New License Rules Under Real ID Act of 2005

States have five more years to verify identity, reissue licenses; even so some states continue to refuse compliance State officials and some in Congress remain skeptical about new federal rules for driver’s licenses, even after major changes designed to cut …

My 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. Nutritional & Dietary Supplements Nuts & Bolts: Travis-Pedersen and Associates Inc. is offering a new …

From Insurance to Candy

For former insurance pro, life really is a box of chocolates Although it’s been many years since See’s Candies President Brad Kinstler was at the helm of an insurance company, and even longer since he was involved in underwriting and …

Structural Concerns Partially Close S.C.’s Ninety Six High School

Two wings of Ninety Six, S.C., High School have been closed after architects said they were worried about the safety of the roof. School district superintendent Dan Powell says the school was to close Thursday so officials can prepare to …

Dispute between S.C. Gov., Workers’ Comp Panel in Court this Month

A struggle between South Carolina Gov. Mark Sanford’s office and a commission that determines how much money injured workers receive is in federal court this month. A restraining order blocking the state Workers’ Compensation Commission from following an executive order …

Oakes Promoted to Executive Vice President at Westfield Center

Westfield Bank recently promoted Gregory A. Oakes to executive vice president – agency banking at Westfield Bank. Oakes’ new role involves leading Westfield Bank’s sales efforts to Westfield Insurance agencies, which includes commercial lending for agency acquisitions and business perpetuation, …