Chamber Says Insurers Overcharging Small Businesses

More than half of South Carolina small businesses that qualify for reduced premiums because claims were paid by the state's Second Injury Fund are not getting the credits they deserve, the South Carolina Small Business Chamber of Commerce charged Wednesday. The Small Business Chamber said a study that it commissioned with Advanced Management Insurance showed 51% of small businesses that qualify for a savings relative to their experience modifications because of Second Injury Fund payments did not receive any adjustments. Small Business Chamber President Frank Knapp said in a press relea...