Latest South Carolina Headlines
All the headlines from our South Carolina Topic Page, ordered by recency.
The Seibels Bruce Group Notes Order from S.C. Dept. Lifting Administrative Supervision
May 22 2003 // The Seibels Bruce Group, Inc., has received an Order Lifting Administrative Supervision and Relieving Supervisor from the South Carolina Department of Insurance (SCDOI). Since August 2002, the company has reportedly worked...
Landmark Personal Lines Reg. Mod. Bill Introduced in S.C.
May 13 2003 // According to the Alliance of American Insurers, a bill introduced in the South Carolina Senate will put the state’s regulation of insurance light years ahead of any other and benefit homeowners by introducing more...
Seibels Bruce Shows Profit in First Quarter
May 8 2003 // South Carolina’s The Seibels Bruce Group Inc. announced financial results for the quarter that ended March 31, 2003, reporting that the company posted a net profit of $1.4 million, or $0.17 per share (basic and...
S.C. Producer Administrative Fee Deadline Draws Near
Apr 29 2003 // The South Carolina Department of Insurance issued a statement reminding all resident and nonresident producers licensed on January 31, 2003 with unlimited lines of authority are required to pay a one-time $35...
S. C. Legislator Says Business Group Tried to Bribe Her
Apr 24 2003 // South Carolina State Rep. Shirley Hinson claims a business lobby group has offered her a bribe to support legislation that would reform medical malpractice lawsuits. According to the Associated Press and The Charleston...
South Carolina Kicks Off Pro-State Regulation Campaign
Apr 18 2003 // “Regulation of the insurance industry in South Carolina is best handled by the Department of Insurance in Columbia, not a federal department of insurance in the District of Columbia,” said Gov. Mark Sanford (R)...
The Seibels Bruce Group Reports Lower Profit in 4Q 2002
Mar 31 2003 // South Carolina’s The Seibels Bruce Group Inc., announced financial results for the fourth quarter and year that ended December 31, 2002, reporting it posted a net profit of $805 thousand, or $0.09 per share (basic...
SC Supreme Court Ruling on Diminished Value Applauded
Mar 26 2003 // The Alliance of American Insurers praised a ruling by the South Carolina Supreme Court that limits the amount insurers must pay to repair damaged vehicles. The ruling came in a case involving a State Farm policyholder who...
New Workers’ Comp Insurers Approved in S.C.
Mar 14 2003 // Newport Star Reinsurance Company and Accident Insurance Company (AIC) announced they have been approved by the South Carolina Department of Insurance, and are now able to offer property and casualty insurance with a...
SC Building Code Bill Gives Insurers Role on Panel
Mar 7 2003 // Nearly nine months of work by the Alliance of American Insurers recently culminated in the introduction of a South Carolina bill, S 449, which would give the insurance industry a voice in shaping the state’s building...
Assurant Group to Build New Hazard Service Center in S.C.
Feb 18 2003 // The Assurant Group announced plans to build a $14 million office complex for its flood and hazard insurance tracking center in Florence, S.C. and to create about 560 new jobs over the next two years. The new service center...
Seibels Bruce Okayed to Write New Business in S.C.
Feb 10 2003 // South Carolina-based Seibels Bruce Group Inc. announced that the South Carolina Department of Insurance (SC DOI) has approved the company’s request to permit its subsidiary Catawba Insurance Company (CIC) to enter...
Alliance Applauds SC Supreme Court Decisions on Protective Orders
Feb 5 2003 // Key changes made by the South Carolina Supreme Court before adopting criteria for the sealing of court records and settlement agreements help balance the interests of confidentiality and disclosure, according to the...
Over 900 Fraud Cases Reported in S.C. in 2002
Jan 27 2003 // Courts in South Carolina ordered nearly $168,000 in fines and restitution to be paid in 2002, the result of the 914 cases of insurance fraud that were reported to Office of the Attorney General’s Insurance Fraud...
Watts is New Board President of S.C. Insurance News Service
Jan 24 2003 // The South Carolina Insurance News Service announced the appointment of Cheryl Watts as the new president of its board of directors. Watts is the southeast division underwriting manager for Liberty Mutual Insurance Company....
SCDOI to Send Notice of Producers’ Administrative Fee
Jan 16 2003 // The South Carolina Department of Insurance announced that during the week of February 5, 2003, the department will mail to all licensed unlimited lines resident and nonresident South Carolina producers a notice for payment...
BCBS of South Carolina Buys Benefits Administration Co.
Jan 14 2003 // As of January 2003, Thomas H. Cooper & Co., a corporate benefits administration firm. was sold to BlueCross BlueShield of South Carolina. Thomas H. Cooper & Co. will operate out of its Charleston office as an...
Csiszar Reappointed as S. C. Director of Insurance
Dec 31 2002 // Governor-Elect Mark Sanford reappointed Ernst N. Csiszar as the South Carolina Director of Insurance. Csiszar was originally appointed as the Director of Insurance in 1999 under Governor Hodges’ Administration. Over...
Piedmont Ordered into Liquidation in South Carolina
Dec 31 2002 // The South Carolina Department of Insurance announced that Piedmont Insurance Company recently became the subject of an Order of Liquidation which declared the company insolvent and directed the South Carolina Department of...
Let’s Reform the Texas Insurance Market the Right Way
Dec 16 2002 // Oklahoma Insurance Commis-sioner Carroll Fisher put it best when he recently said, “The best regulator of insurance rates is the consumer. For all the hard work state employees do to regulate insurance companies,...
