South Carolina News

S.C. Rejects 23.7% Increase in Workers’ Compensation Rates

The South Carolina Department of Insurance disapproved a request made by the National Council on Compensation Insurance to increase loss costs statewide by 23.7 percent. NCCI State Relations Executive, Amy Quinn, said SCDOI released its announcement in August prompting NCCI …

Business Cheers as S.C. Adopts Objective Standards for Workers’ Comp

Gov. Mark Sanford today was joined by business groups from across South Carolina when he signed an executive order mandating that the Workers’ Compensation Commission apply objective standards when making workers’ compensation awards. The South Carolina Supreme Court has held …

Heritage General Adds Admitted Homeowner Market

Los Angeles-based Heritage General Agency’s personal lines facility has added a new admitted market for homeowner coverage. Program features include full cost replacement for both the home and personal property with no deduction for depreciation. Other covered structures include unattached …

S.C. Ad Campaign Asks Residents to Be Ready in Case of a Disaster

South Carolina kicked off a new advertising campaign asking residents to be prepared in case a hurricane or other disaster strikes. The state plans to run ads for its “Be Ready! South Carolina” program on TV and radio stations as …

S.C. Store Owner where 9 Firefighters Died Wishes He Had Sprinklers

The owner of a Charleston, S.C. furniture store where nine firefighters died said he wished he had put sprinklers in the building. But Herb Goldstein said they were expensive and not required when he build the massive Sofa Super Store …

SC. Insurance Director Loses Property Coverage

Add the director of the South Carolina Department of Insurance to the thousands of coastal homeowners who have lost property insurance since Hurricane Katrina. Scott Richardson, who lives on Hilton Head Island, was notified three weeks ago that his policy …

La. Insurance Market Outlook Brighter Some Predict

Two years after hurricanes Katrina and Rita, the insurance market in Louisiana may have hit bottom and could be ready for a rebound as levees are strengthened and the state undertakes regulatory changes, the state’s insurance commissioner and experts say. …

Ala. Coast Condo Industry Pushes for Action on Rising Insurance Rates

As Labor Day tourists take an end-of-summer beach trip, owners of thousands of condominiums that line the Alabama Gulf Coast say they’re getting burned by soaring insurance premiums. Insurance legislation aimed at making coverage available and affordable on the coast …

My New Markets

Environmental Casualty Coverage Nuts & Bolts: USAssure Insurance Services provides enhancements such as general liability, automobile, workers’ compensation, owners and contractors protective liability, as well as umbrella/excess coverage. Our target market includes, but is not limited to: environmental contractors, consultants …

News Currents

Ohio Casualty officially joins the Liberty Mutual agency family With $7.3 billion in premium, Liberty Mutual Agency Markets becomes the largest regional independent agency force Boston-based insurance giant Liberty Mutual Group is now the largest regional provider of property and …