INSURANCE NEWS
South Carolina Workers’ Comp Director Cannon Retiring as McRee Takes the Helm
South Carolina Workers’ Compensation Commission Executive Director Gary Cannon is retiring next month after 16 years on the job. The commission has named Kristen McRee, the director of administrative services at the agency, as the new director, starting Nov. 1. …
Are Credit Scores Fueling Hidden Insurance Costs for Consumers?
Across the South and the United States, homeowners’ insurance rates are rising, with some states seeing an increase of over 50%. Experts say that this issue is contributing to an ongoing housing crisis. While insurance companies have attempted to explain …
SC Comp Commission Must Relinquish $1.8M From Bankrupt Firm, Appeals Court Says
The South Carolina Workers’ Compensation Commission had no legal right to hold on to – for more than 15 years – some $1.8 million set aside by a bankrupt textile manufacturer for injury claims that never materialized, the state Court …
Connecticut Settles But Wrongful Death Suit Over Murder of Visiting Nurse Goes On
The state of Connecticut has paid $2.25 million to settle a wrongful death lawsuit brought by the husband of Joyce Grayson, the 63-year-old visiting nurse and mother of six who was killed by a registered sex offender in a halfway …
Edison to Open LA Fire Compensation Applications by Thanksgiving
Edison International expects to begin accepting applications “well before” Thanksgiving to compensate victims of the deadly Eaton Fire that destroyed swaths of the Los Angeles area in January, according to CEO Pedro Pizarro. That puts the utility company’s wildfire recovery …
Cyberattacks Cost Continental Europe’s Largest Economies €307B Over 5 Years: Howden
Cyberattacks cost companies in continental Europe’s four largest economies – France, Germany, Italy, and Spain – more than €300 billion (US$405.5 billion) in the past five years, according to a Howden survey. Nearly half (49%) of companies surveyed reported at …
DOJ Settles With Kansas Community College to Enforce Rights of Servicemember
The Justice Department announced it has reached a settlement with the Kansas City Kansas Community College (KCKCC) to enforce the rights guaranteed to Kansas Army National Guard Major Stephen W. Terry by the Uniformed Services Employment and Reemployment Rights Act …
Ryan Specialty Launches Clach Casualty Underwriting Managers
Ryan Specialty has announced the formation of Clach Casualty Underwriting Managers, a new managing general underwriter focused on providing casualty insurance solutions for complex construction and habitational real estate risks. Clach Casualty is a part of Ryan Specialty Underwriting Managers …
Viewpoint: Enhancing Digital Claims With Behavioral Science
The P/C insurance industry stands at a critical inflection point. Customer expectations, reshaped by their seamless digital experiences with companies like Amazon and Apple, are pushing insurers to transform quickly. With claims now a decisive factor in customer satisfaction, companies …
Camp Mystic Plans Partial Reopening After Devastating Texas Floods
Camp Mystic, the Christian girls’ camp where 25 young campers and two counselors died during the July 4 flooding, will reopen one of its campsites in 2026, according to an email shared with families. Camp Mystic officials said in the …
Travelers: Confidence High in Guidance From Cyber Insurers; Work to Do on Take-Up
As cyber security threats continue to evolve, more businesses are trusting insurers to offer guidance on proactive protection and prevention. In fact, 86% of business leaders are confident in the cybersecurity guidance from insurance carriers—a higher rate than their confidence …
King Risk Adds Another South Carolina Agency with Acquisition of LH Griffith
King Risk Partners has expanded again in the Southeast with the acquisition of LH Griffith & Co., an agency with offices in Walterboro and Goose Creek, in southeast South Carolina. Griffith agency was founded 25 years ago. Heath Griffith is …