South Carolina’s coastal property insurance market is strong, but the state’s significant catastrophe risk remains an ongoing threat and not one that should be taken lightly. That is the message South Carolina Insurance Director Raymond Farmer hopes to get across …
South Carolinians who were originally refused help following last October’s historic floods will be getting about $10 million in aid. The State of Columbia reports that the money became available through a program in which Federal Emergency Management Agency disaster …
The South Carolina Department of Insurance (SCDOI) has advised insurers to continue to report P&C claims as per the data call issued for the October 2015 flood event and its aftermath. The data call was originally issued Oct. 13, 2015 …
The potential exposure home insurers in South Carolina face from the early October storm that flooded the state is estimated to be over $18 billion, according to catastrophe modeling firm CoreLogic. Richland County had the most exposure with 8,185 damaged …
Two weeks ago, South Carolina’s floods sent 6 feet of water into Walt Oliver’s home. Now, after volunteers helped gut the ruined plaster, carpeting, duct work and hardwood floors, it’s “down to studs and subfloors,” he said. Like most residents …
The South Carolina Department of Insurance (SCDOI) has issued a catastrophe claims data call relating to the flood event that hit the state beginning Oct. 1 and its aftermath. In accordance with South Carolina Code of Laws Section 38-13-160, all …
The South Carolina Department of Insurance (SCDOI) has issued two bulletins to insurers in an effort to aid with storm recovery efforts in the state. South Carolina Insurance Director Raymond Farmer issued an emergency regulation on Oct. 9 in response …
The pungent stench of mildew greeted Asiah Lewis when she came home to her South Carolina apartment, her footsteps making squishing sounds on the carpet as she picked through soggy clothes and a lifted a moldy shoe from the floor. …
The rain has stopped in South Carolina and claims filing and damage recovery are underway even as residents are being told to expect more flooding through the weekend. The mega storm that hit South Carolina starting Oct. 1 through Tuesday …
The insurance industry is bracing itself for an expected onslaught of claims in the wake of what South Carolina officials are calling a 1 in 1,000 year storm. “This is an extremely devastating event,” said South Carolina Director of Insurance …
