Insurance professionals in South Carolina face quite the bumpy ride. It’s one of the most vulnerable states in the US to hurricanes and tropical storms, and as an Atlantic state with many densely populated coastal areas, the economic value exposed to severe weather is significant.
“It can be a challenging market,” said Brian Payne (pictured), principal of Field Insurance Agency, a multi-line agency offering personal and commercial insurance products in Myrtle Beach, Charleston, Hilton Head, and the surrounding areas of South Carolina. “It’s a niche market because of its exposure to catastrophic risk. Different carriers have different appetites, so it’s really important for producers to explore all the options and make a lot of relationships with underwriting groups and brokers in order to find the best placement for the insureds.”
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