South Carolina's BlueCross licks wounds from deal with a Charleston connection - Charleston Post Courier
Alexander Chatfield Burns is a recent South Carolina resident, but he’s already met the state’s chief executive at least twice. The former co-founder of Southport Lane Management — he resigned from the firm in early 2014 — attended a December 2012 holiday reception at the Governor’s Mansion Complex in Columbia, where he was photographed with Gov. Burns never requested assistance with any insurance matters from the administration,” Haley spokesman Rob Godfrey said in a statement Friday. Burns also held a fundraiser for Haley at his New York office on Sept. “There was no state business discussed or asked of the governor or her team,” Godfrey said. Ray Farmer, director of the S. C. Department of Insurance, said he thinks he met Burns once, shortly after Haley appointed Farmer to run the state agency in November 2012. “It was a conversation of no more than five minutes,” Farmer said Thursday. BlueCross BlueShield of South Carolina has fired an aggressive legal volley to recover perhaps tens of millions of dollars a subsidiary lost in a disastrous series of investments. The money evaporated over the past two years in deals involving a New York firm that’s now on life support. BlueCross filed court papers on behalf of its former Companion Property & Casualty Insurance unit about a week ago. Source: www.postandcourier.com
