In keeping with state law, the South Carolina Department of Insurance is again asking carriers to submit extensively
data on commercial liability and liquor liability coverage in the state.
The data should be submitted by Aug. 31 and should include th
e number of new
policies written, premiu
ms earned, defense costs, subrogation and other information, not only
in South Carolina but in other Southeastern stat
es, according to a bulletin posted this week by the DOI.
The data should be submitted on the Excel spreadsheet
provided by the department, available here.
The data should cover calendar years 2015 through 2024,
so it will not show an
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y and tort reform bill that
was approved by state lawmakers in May of this year. That bill, House Bill 3430, lowers the
$1 million liquor liability insurance minimum req
uirement for bars and restaurants that comply with new training
and hours-of-service incentives.
Drinking establishments across the state have complaining for yea
rs that a 2017 law requires the $1 million minimum made insuran
ce policies too costly
DOI report, based on data from insurers, found that the liquor liability m
Arket in the state has been “extremely unprofitable” for carriers.
