Some North Carolina coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now extends the …
Mississippi and South Carolina in particular grappled with coastal woes by working to make insurance from their state’s wind pools more accessible without having these insurers of last resort displace willing private insurers. South Carolina struck a balance by granting …
S.C. Department of Insurance Director Scott Richardson has proposed a Bulletin establishing clear standards for captive management companies in South Carolina including specific requirements for character, reputation, financial responsibility and insurance experience. “For years there has been discussion over standards …
Some coastal residents could see a spike in their insurance rates because of a recent decision by the North Carolina Building Code Council. The council toughened the coastal housing code for wind-borne debris. The code now extends the zone for …
A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that as part of …
The North Carolina Building Code Council declined to consider a request that sprinkler systems be required in new large or multistory homes, a setback for firefighters who sought the change following an October beach house fire that killed seven college …
Arkansas Insurance Commissioner Julie Benafield Bowman was re-elected to the position of vice chair of the Southeastern Zone of the National Association of Insurance Commissioners (NAIC) at the association’s quarterly meeting held in Houston. The Southeastern Zone includes commissioners and …
A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian Re’ s good risk-adjusted capitalization, excellent and consistent operating …
With the deaths of seven South Carolina college students in a North Carolina beach house fire still fresh, firefighters’ groups hope state regulators will make sprinkler systems mandatory in large or multi-story homes. “Whether or not sprinklers would have saved …
An e-mail sent by a South Carolina workplace safety official details the agency’s public relations plan to downplay the release of an investigation into a furniture store fire that killed nine firefighters, according to a published report. The Post and …
