Coastal News Today | SC - South Carolina Renews Wind Pool Territory Expansion coastalnewstoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from coastalnewstoday.com Daily Mail and Mail on Sunday newspapers.
South Carolina Renews Wind Pool Territory Expansion
A temporary order extending the area where South Carolina’s residual property insurance market provides insurance has been renewed for another two years.
An order issued by South Carolina Insurance Director Ray Farmer says the renewal of the 2007 expansion of the South Carolina Wind and Hail Underwriting Association (SCWHUA) territory is necessary “to address those areas of the seacoast territory where essential property insurance coverage is still not readily available.”
Additionally, the order says the renewal of the expansion will also help market disruptions in areas with the most significant exposure to hurricane and other wind events.