The South Carolina Senate gave final approval today to the insurer-supported Omnibus Coast Property Insurance Reform Act.
Joel Sawyer, a spokesman for Republican Gov. Mark Sanford, said the governor will sign the bill, which probably will not reach his desk until next week.
The Property Casualty Insurers Association of America (PCI) said the governor and legislature, by moving the measure, were "advancing a positive agenda of reform that in the long run will strengthen the state's coastal insurance market."
Recommended For You
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:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.