First Mutual Insurance extends AI home inspection deal with Chrp to cut risk costs
First Mutual expands Chrp AI inspections, speeds underwriting, cuts review time 50%, and flags home risks across NC, SC, TN markets
🇺🇸 South Carolina Insurance News
Latest South Carolina insurance news from US insurers and regulators. Explore auto, home, life, P&C, pet and health insurance, including insurance rates, insights, trends, and breaking insurance news from the United States.
Slide Insurance targets $250 mn Purple Re cat bond with wider storm coverage
Slide Insurance returns to the cat bond market seeking $250 mn via Purple Re 2026-1, expanding named storm coverage beyond prior deals
North Carolina’s insurance commissioner urges Trump not to pardon Greg Lindberg
North Carolina’s insurance commissioner presses the White House to reject a pardon for Greg Lindberg as GOP senators back opposition
US Department of Agriculture rolls out major crop insurance overhaul for 2026 season
USDA finalizes crop insurance reforms for 2026, easing rules, expanding access, and updating subsidies as part of a broader deregulation push
FEMA releases $350 mn for Helene, Debby relief after delays
FEMA approves $350 mn in disaster aid tied to Hurricane Helene and Tropical Storm Debby after pressure over hundreds of millions in unpaid funds
SageSure earns Lloyd’s coverholder status and launches new CAT program
SageSure becomes a Lloyd’s coverholder and DCA, expanding CAT-focused homeowners capacity through Trium Syndicate 1322 across five U.S. states
Geico loses bid to dismiss $69.7 mn South Carolina business tax lawsuit
A federal judge refused Geico’s motion to dismiss a $69.7mn suit over unpaid business license taxes and penalties owed to South Carolina municipalities
Lemonade proposes near-zero insurance for Tesla Full Self-Driving
Lemonade proposes near-zero insurance for Tesla Full Self-Driving, using direct vehicle integration to cut costs and challenge Tesla’s stalled insurance rollout
Severe storms continued impacting U.S., Canadian and Chinese insurers
Catastrophic rounds of severe storms continued impacting U.S. and Canadian insurers in mid-September generating losses estimated in the hundreds of millions of dollars
U.S. insurers face losses between $1 bn and $3 bn from a severe weather outbreak in March
Insurers face losses between $1 bn and $3 bn from a severe weather outbreak in mid-March, according to Gallagher Re
Total insured losses paid by the NFIP stemming from Hurricane Helene to be $6.4-7.4 bn
FEMA has raised its estimated losses for the National Flood Insurance Program (NFIP) due to Hurricane Helene to between $6.4bn and $7.4bn
Winter storms affected the U.S., potentially causing insured losses in the tens of mn
Winter storms from Jan. 9-11 affected the southern U.S., potentially causing insured losses in the tens of mn, Aon reported
FEMA projects flood insurance claim losses from Hurricane Helene to range $3.5-7 bn
The National Flood Insurance Program (NFIP), managed by FEMA, has paid over $1.4 bn to policyholders for flood losses caused by Hurricane Helene
Hurricane Helene could result in National Flood Insurance Program losses $3.5-7 bn
The Federal Emergency Management Agency announced that Hurricane Helene could result in National Flood Insurance Program losses between $3.5 bn and $7 bn
Florida faces record flooding: Hurricane Milton threatens billions in insured losses
Florida faces its second major hurricane, with predictions of record-breaking storm surges and flooding. Private flood insurance premiums in the state
Hurricane Helene caused insured losses estimated at $6.4-15 bn
Hurricane Helene has caused insured losses estimated at around $6.4 bn, according to catastrophe risk modeling specialist Karen Clark & Company (KCC)
Hurricane Helene: Florida P&C insurers processed 48,341 claims, totaling $508 mn
Florida property & casualty insurers had processed 48,341 claims, totaling $507.5 mn in estimated losses, according to the Florida Office of Insurance Regulation
Insurance market losses from Hurricane Helen are expected to reach $6-10 bn
Hurricane Helene is in the Gulf of Mexico with maximum sustained winds near 90 mph with higher gusts, and strengthening is expected as it heads towards Florida
Insured losses from Hurricane Debby increased to $122 mn in Florida
Florida reported $121.5mn in estimated insured losses from Hurricane Debby, with 59.6% of claims closed, according to the Office of Insurance Regulation
Hurricane Debby caused $90 mn in insured losses in Florida
Hurricane Debby caused $90 mn in insured losses, according to an initial estimate from insurers to the Florida Office of Insurance Regulation
State Farm subsidiaries accounted for 7 of the top 10 personal auto premium hikes
State Farm subsidiaries in multiple states accounted for 7 of the top 10 personal auto premium hikes in Q2, according to an S&P Global
Insured losses from Hurricane Debby in the US to reach $1.4 bn – KKC
Karen Clark & Company estimates privately insured losses from Hurricane Debby in the US to reach approximately $1.4 bn, based on the US Hurricane Reference Model
U.S. homeowner’s insurance market suffered a $15.2 bn loss – AM Best
The U.S. homeowner’s insurance market experiencing its worst underwriting results since at least 2000, according to AM Best report
US private flood insurance market is expanding, addressing the nation’s substantial gap between economic and insured losses from flood events
Six months after wind-driven wildfires killed 30 people and destroyed thousands of homes and businesses in and around Los Angeles, the scenes in Altadena and Pacific Palisades remain severe
Inland areas are increasingly vulnerable to flooding from both tropical storms and severe convective storms, yet the number of homeowners who purchase flood insurance
The rise in U.S. homeowners insurance costs have been driven by a combination of increasing natural catastrophe losses and extraordinary inflation