A South Carolina Senate leader has asked the Legislative Audit Council to review practices at the state insurance department that may have let insurance companies raise rates without adequate oversight.
Senate President Pro Tem Glenn McConnell, R-Charleston, asked the state watchdog group to review eight areas involving the agency. These include whether the agency is using accurate information and accounting for insurers’ investment income properly.
McConnell also wants to know whether rates for hurricane-related insurance are accurately calculated.
Topics Leadership Politics
Was this article valuable?
Here are more articles you may enjoy.
World Inches Toward Catastrophic Climate Events: ‘Bigger Shocks Are On the Way’ 
Guy Carpenter Rebranded as Marsh Re 
OpenAI Report Says Its Network Was Hacked by Its Own Rogue AI Agents 
Glacier Collapse Behind Nepal Flood Shows Region’s Climate Risk From This Issue
