This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Carolinas AGC Succeeds In Restoring Coverage For South Carolina Contractors

COLUMBIA, S.C., May 19, 2011 /PRNewswire-USNewswire/ -- Carolinas AGC and its members' efforts resulted in the restoration of the Commercial General Liability (CGL) coverage for contractors in South Carolina on May 17, 2011.  Governor Nikki Haley signed into law S. 431, legislation to address the S.C. Supreme Court ruling on Crossmann Communities vs. Harleysville Mutual (Crossmann).


On Jan 7, 2011, the SC Supreme Court issued a unanimous ruling in the Crossmann case that stripped contractors, homeowners, and developers of CGL coverage that protected them against claims and lawsuits arising from allegations of defective construction. Contractors had for years relied on this long-standing rule of risk insurance coverage. Carolinas AGC filed S. 431 in mid January and championed the legislation through the Senate, the House, and to the Governor's desk.

"The passage of this legislation was critical in maintaining the livelihood of our members; failing to pass it was not an option," said Leslie Hope, Director, SC Government Relations & Divisions for Carolinas AGC. "We were up against a powerful insurance lobby, but with the help of our members and support from both the legislature and Governor Nikki Haley, the ruling was successful."

Carolinas AGC members overwhelmingly answered calls to action over the last four months, greatly assisting in the reversal of the January ruling. Member Allen Amsler, president and CEO of McCrory Construction commented, "We have seen a lot of legislation with substantial impact to our business over the years. However, I would place this in the same level of importance with the original tort reform legislation. The effects of the Supreme Court's ruling could have been catastrophic to our industry in South Carolina had it not been for this bill. Thanks to all those in the House, Senate and the Governor's office who assisted us."

Carolinas AGC builds its 2,700 members' businesses through workforce development, business development, profit management, and workers' compensation insurance. Visit Carolinas AGC at

For additional information: Lori Tharp, Director, Communications & Specialty/Supplier Networks, 704/372-1450 ext. 5227,

SOURCE Carolinas Associated General Contractors

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
TSLA $150.99 0.35%
AAPL $93.79 0.10%
FB $101.98 0.07%
GOOG $682.32 -0.12%
YHOO $27.04 1.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs