Homeowners insurance providers face serious challenges in South Carolina

Flood homeowners Insurance Program

Hurricane Joaquin has become one of the worst disasters South Carolina has ever seen Hurricane Joaquin is making its way to the United States, and this has raised some concerns among homeowners insurance providers, especially in South Carolina. The powerful storm has already brought about significant damage to the state though it has yet to make landfall. According to Governor Nikki Haley, the heavy rainfall caused by the storm is considered a “thousand-year” event. Insurers have issued concerns regarding such events, with some suggesting that these rare catastrophes may soon…

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