South Carolina Governor Mark Sanford appointed State Senator Scott Richardson, R-Beaufort, as acting director of the Department of Insurance yesterday, replacing Eleanor Kitzman, who resigned abruptly.
Gov. Sanford said in a statement, "While Eleanor has certainly done a lot of good things at the Department of Insurance--particularly with regard to the captives industry--when you look at the situation that has developed for all of U.S. coastal insurance as a result of Hurricane Katrina, we thought Scott would bring a skill-set to the position key to addressing that situation."
Joel Sawyer, the governor's press secretary, told National Underwriter that the state is facing some "real challenges with regard to coastal insurance right now, largely due to Hurricane Katrina and the effect it's had on the insurance market in every coastal state."
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