Liability insurance is causing SC drivers to pay more

fraud liability insurance news industry

The size and frequency of the claims is making coverage more expensive in South Carolina. Drivers in South Carolina are finding that they are paying more than they might have to in other states due to the number and frequency of liability insurance claims that are occurring in the state, and the fact that while those practices are perfectly legal, the current system has placed the state at risk of a certain degree of fraud. There are currently 28 states in which there are not any restrictions when it comes…

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Homeowners insurance tax credit becoming better recognized in South Carolina

homeowners mortgage insurance credit score

Residents of the state are increasing their awareness and are taking advantage of it at an increasing rate. According to recent news data, the number of people who are taking advantage of a tax credit for homeowners insurance purchased for hurricane and flood coverage is on its way up in South Carolina. The state tax credit is currently available for an amount of up to $1,250 per property owner. The latest data has shown that the number of homeowners insurance customers who are taking advantage of this tax credit in…

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The Most Expensive States for Car Insurance

California auto insurance

The United States is known the world over for being full of motoring fanatics with people loving the old and new models, taking them apart and putting in modern add-ons to improve performance, washing them to keep them clean on an almost daily basis and loving their motorsport. With all of this in mind, you would almost expect the US to be relatively cheap in terms of car insurance. You would also expect that annual insurance prices would be relatively similar across the country. However, there are some significant variations…

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Homeowners insurance in South Carolina could see premiums reduction

Homeowners Insurance

A new bill would introduce considerable reform to the property owners of the state. A legislator in South Carolina has taken the first shot at implementing major changes to the homeowners insurance system in the state for the first time in six years, with the goal of bringing down the cost of the coverage. The proposed bill would offer coastal insurers with tax credits and provide consumers with improved comparison shopping. This homeowners insurance bill was introduced by state Senator Tom Davis (R-Beaufort) and will open the debate regarding a…

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Nationwide Insurance falls victim to hacking

Health Insurance Data Breach

Nationwide Insurance customers targeted by data breach Nationwide Insurance has announced that it has fallen victim to a security breach from an intrepid hacker. According to the South Carolina Department of Insurance, the breached compromised the information of thousands of consumers and a significant amount of personal information was stolen from the Nationwide Insurance system. The agency suspects that the hacker stole social security numbers, drivers license numbers, and even dates of birth from consumers in South Carolina and Georgia. Information of thousands of consumers stolen The South Carolina Department…

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