The bill’s provisions are expected to enhance the state’s regulatory flexibility, support industry growth, and maintain South Carolina’s status as a leading captive domicile. S. 210 was introduced by Senator Turner and passed the Senate unanimously (43-0), reflecting broad bipartisan support for modernizing the captive insurance framework. The bill was passed in the South Carolina State Legislature today (May 8, 2025) and is on the way to Governor McMaster for signature.
Telehealth services have experienced unprecedented growth, particularly since the COVID-19 pandemic, with utilization increasing by an astounding 7060% nationally from 2019 to 2020. While this expansion has improved healthcare accessibility, it has also introduced new risks and challenges in patient care. Recent evidence suggests a concerning pattern of medical malpractice claims specifically related to misdiagnosis in telehealth settings.
SB 68 and SB 69 introduce stricter standards for certain lawsuits, limit recoverable damages, increase transparency in litigation funding, and update court procedures-all with the intent of fostering a more business-friendly legal environment in Georgia.
This week’s insurance and reinsurance landscape was shaped by macroeconomic pressures, rising risk exposures, robust financial results, and ongoing regulatory developments. Read more at the link below to see an overview of the key trends and news shaping the industry.
The story of America’s cost of living is, at its core, a reflection of how society has evolved-economically, culturally, and technologically-over the past century. To truly appreciate the magnitude of this transformation, it’s worth stepping back into the 1920s, an era marked by exuberance and innovation, and comparing it to the realities of 2025. The numbers, when laid side by side, offer a striking narrative not just about prices, but about the changing nature of American life.
As we approach the midpoint of 2025, the financial markets are caught in a complex web of optimism and anxiety. The recent rally in major indices, led by technology giants, offers a glimmer of hope, but it would be shortsighted to ignore the persistent headwinds shaping the economic landscape.
Nuclear and thermonuclear verdicts—jury awards exceeding $10 million and $100 million, respectively—are reshaping the auto insurance landscape, driving unprecedented financial pressures on insurers and policyholders alike. These massive payouts, fueled by shifting jury attitudes and aggressive legal strategies, are forcing insurers to recalibrate risk models, tighten underwriting, and pass costs to consumers through higher premiums. Here’s how these verdicts are impacting the industry and what it means for future rates
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