South Carolina High Court Imposes Penalty Against Insurance Guaranty Association

South Carolina High Court Imposes Penalty Against Insurance Guaranty Association

COLUMBIA, S.C. - A 10 percent penalty should be imposed in a workers' compensation award against an employer and the South Carolina Property and Casualty Insurance Guaranty Association (SCPCIGA), substituting for an insolvent insurer, the South Carolina Supreme Court affirmed Jan. 8, finding that SCPCIGA is responsible for interest running from April 27, 2004 (Frances S. Hudson, deceased employee, by Kenneth L. Hudson and Keith B. Hudson, co-executors of her estate v. Lancaster Convalescent Center and Legion Insurance Co. in liquidation through the South Carolina Property and Casualty Insurance Guaranty Association, No. 2011-194189, S.C. Sup.; 2014 S.C. LEXIS 4).

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