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17th of May 2012

South Carolina insurance head steps down

Vicky Beckett 04/01/2012

The head of South Carolina's insurance agency resigned at the end of December 2011.
 
Governor Nikki Haley appointed David Black to head up the department only eleven months ago.
 
Black sent an email to his employees on December 28 stating he made the decision the previous week but gave no explanation for his resignation.
 
He wrote in the short message that he had enjoyed working in the department and that it was not an easy decision.
 
Gwendolyn Fuller McGriff was appointed acting deputy director of financial services and general counsel until a new director is appointed by Governor Haley.
 
McGriff has worked with the South Carolina department of insurance for 16 years and was previously acting agency director in 2004.
 
Black’s resignation was given amid controversy as Haley was recently accused by Senator Tom Harkin of ‘exploiting tax payer dollars for political purposes,’ after the state received a $1m federal health care reform grant.
 
South Carolina received the funds to investigate whether a federal or a state healthcare exchange was necessary, however, it was disclosed Haley told her employees the investigation was to find out how to opt out of federal exchange.
 
Harkin has requested a federal investigation to find out if Haley used taxpayer money for political purposes.
 
On accepting the post in January, Black said the insurance industry plays a heavy role in economic development, particularly in providing capital.
 
Haley’s spokesman said: “As director, Mr Black led insurance through the transition to a new administration and sought to make it a customer-friendly, pro-business agency.”
 
Black was president and CEO of Liberty Life Insurance from 2004 until March 2010. Prior to this he was the company's lawyer and vice president.

Tags: Captive, David Black, Insurance, Nikki Haley, South Carolina

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