The resignation of South Carolina's insurance director, Eleanor Kitzman, and the subsequent appointment of State Sen. Scott Richardson, R-Beaufort, shouldn't impact the state's burgeoning captive department, according to the governor's office, although one captive expert cited concerns over a "lack of political stability" in the state.
"Captives is one area [Ms. Kitzman] has done a particularly good job, and that's a focus we expect to continue through the new administration of the department," Joel Sawyer, press secretary to Republican Gov. Mark C. Sanford, told National Underwriter.
Mr. Sawyer continued that the state is facing some "real challenges with regard to coastal insurance right now, largely due to Hurricane Katrina and the effect it's had on the insurance market in every coastal state."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
