Latest South Carolina Headlines
All the headlines from our South Carolina Topic Page, ordered by recency.
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,...
AAI Says Residual Auto Market Burden Lessens, Still a Problem However in Several States
Dec 6 2002 // Despite the lowest market share in over 20 years, automobile residual market mechanisms in several states continued to burden private insurers in 2000 as revealed in the latest edition of the Alliance of American...
Hike Requested for S.C. Workers’ Comp Rates
Nov 22 2002 // Workers’ compensation rates in South Carolina would rise by an average of 20.3 percent if a rate hike request filed by the National Council on Compensation Insurance (NCCI) is approved by the South Carolina...
S.C. Captive Conference and Seminar Approved for CE Credits
Nov 19 2002 // The South Carolina Captive Association Inc.’s (SCCIA) Third Annual Educational Conference was approved for 10 hours of continuing education (CE) credit by the South Carolina Department of Insurance. The SCCIA said...
Seibels Bruce Reports Profitable Third Quarter
Nov 18 2002 // The Seibels Bruce Group Inc. of Columbia, S.C. announced financial results for the quarter that ended September 30, 2002, reporting a net profit for the quarter of $1.8 million, or $0.21 per share (basic and diluted). This...
Brown & Brown Acquires C. Douglas Wilson Co.
Oct 21 2002 // Florida’s Brown & Brown Inc. and C. Douglas Wilson Company Inc. announced Brown & Brown’s asset acquisition of C. Douglas Wilson Company, Life & Health Consultants Inc., and Burnett-Bates Agency...
S.C. Sees Decrease in Job Site Deaths
Sep 30 2002 // Studies show that fewer South Carolina workers are dying on the job and safety training is being attributed to the decline. According to the South Carolina newspaper The State, the increased emphasis by businesses and...
