Latest South Carolina Headlines
All the headlines from our South Carolina Topic Page, ordered by recency.
S.C. Homeowners’ Flex Rating Bill Gets House Backing
Jul 5 2004 // Southeast News • May 28, 2004 Kudos to Ernie and South Carolina for their progressive thinking. Louisiana passed a 10 percent Flexband for ALL lines last year. Hopefully it will bring carriers back to our State. Congrats...
South Carolina Lawmakers Back Homeowners’ Flex-band Rating
Jun 21 2004 // Concurring with a series of House amendments, the South Carolina State Senate approved a bill recently that creates a flex-band rating bill for homeowners’ insurance, similar to that enacted for the state’s...
Flex Rating, Other Insurance Bills Pass South Carolina Session
Jun 16 2004 // The South Carolina General Assembly recently concluded the final year of a two-year session, with several significant gains for insurers and consumers, according to a report from the Property Casualty Insurers Association...
S.C. Lawmakers Back Homeowners’ Flex-band Rating
Jun 3 2004 // Concurring with a series of House amendments, the South Carolina State Senate approved a bill Thursday that creates a flex-band rating bill for homeowners’ insurance, similar to that enacted for the state’s...
S.C. Homeowners’ Flex Rating Bill Gets House Backing
May 28 2004 // The South Carolina House of Representatives has passed a personal lines modernization bill that will reportedly give consumers more choices of products and companies by enhancing the competitive nature of the market. The...
IVANS Updates Expansion with State DMV Offices
Apr 28 2004 // IVANS Inc. announced the expansion of its state department of motor vehicle reporting services to include the submission of SR22/26 filings in Arizona and support for South Carolina’s recently announced mandatory...
CIS, Inc. announces entry into S.C. non-standard auto market
Apr 26 2004 // Jess Chappell, President and CEO of Savannah, GA based CIS, Inc., announced that CIS will enter into the South Carolina non-standard auto market by taking over the administration of an already existing program. “We...
South Carolina Proves More than Palmetto Trees, Peaches, and Golf
Apr 19 2004 // The United States Census Bureau’s Census 2000 estimated the population of the State of South Carolina at 4,012,012. Approximately 76 percent of the adult residents had graduated from high school and about 20 percent...
PCI Study Examines State Residual Auto Markets
Apr 2 2004 // The Property Casualty Insurers Association of America has released its analysis of “residual auto market populations” and has found a connection between such assigned risk plans and state rating laws. The study...
Tort Reformers Look to Score in States after Washington Strikes Out
Mar 8 2004 // Last fall at a University of Virginia Law School forum on tort reform, some of the nation’s top tort experts agreed there were no easy answers on how to solve the nation’s longstanding love-hate relationship...
S.C. House Leadership Drops Plan to Divert Millions From Second Injury Fund
Mar 4 2004 // In a move supported by the American Insurance Association (AIA), South Carolina House leaders earlier this week decided against appropriating $40 million from the state workers’ compensation Second Injury Fund (SIF)...
NAIC, PCI Issue Statements in Response to Consumer Group Criticisms on Regulatory Reform
Mar 3 2004 // The National Association of Insurance Commissioners (NAIC) and the Property Casualty Insurers Association of America (PCI) issued statements in response to a letter from two consumer groups that criticized the insurance...
SOUTH CAROLINA HOMEOWNERS RATE MODERNIZATION BILL CLEARS FIRST HURDLE:
Feb 23 2004 // The South Carolina Senate Banking and Insurance Committee recently approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance rates....
CPCU Society Schedules S.C. Events
Feb 13 2004 // The CPCU Society is holding a number of February educational events. All workshops are open to CPCUs and other insurance professionals, and provide the opportunity for professional development and networking. Most...
Residual Markets Continue to Burden Auto Insurers
Feb 9 2004 // A new report by the Property Casualty Insurers Association of America (PCI) shows that residual market plans for private passenger auto insurance continue to result in significant losses for insurance companies. But one...
S.C. Homeowners Rate Modernization Bill Clears First Hurdle
Jan 29 2004 // The South Carolina Senate Banking and Insurance Committee on Wednesday approved a flex rating bill supported by the American Insurance Association that would reportedly eliminate prior approval for homeowners insurance...
ALLIANCE IN SUPPORT OF S.C. ANTI-FRAUD PROPOSAL:
Jan 26 2004 // A proposal to create and fund an insurance fraud investigation and prosecution framework in South Carolina reportedly has the support of the Alliance of American Insurers. The Omnibus Insurance Fraud and Reporting Immunity...
AssuranceAmerica Expands in So. Carolina
Dec 22 2003 // Bud Stumbaugh, CEO of AssuranceAmerica Corp. announced that its subsidiary, AssuranceAmerica Insurance Company, a P/C insurer that focuses on the nonstandard private passenger automobile market, will commence writing...
Alliance in Support of S.C. Anti-Fraud Proposal
Dec 16 2003 // A proposal to create and fund an insurance fraud investigation and prosecution framework in South Carolina reportedly has the support of the Alliance of American Insurers. The Omnibus Insurance Fraud and Reporting Immunity...
Csiszar Named NAIC President for 2004
Dec 8 2003 // During the Winter National Meeting in Anaheim, members of the National Association of Insurance Commissioners (NAIC) elected regulators from South Carolina, North Dakota and Oregon to serve as the association’s 2004...
