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Insurance Brokers
Shepherd Insurance agency goes on buying spree
January 21, 2013
J.K. WallThe Carmel insurance agency acquired three separate companies in a flurry of activity at the end of the year that will add
17 people to its staff.
MoreTobias Insurance agency merges with Florida firm
January 10, 2013
Tobias Insurance, the Indianapolis area's eighth-largest independent insurance brokerage, is now part of Florida-based AssuredPartners.
Tobias will retain its name, employees and leadership.
MoreLongtime insurance agency acquired by local rival
October 6, 2012
Property-casualty and employee benefits firm MJ Insurance buys Mead & Co., which dates to the 1860s.
MoreEmployee benefits firm plans Indianapolis expansion
July 30, 2012
IBJ StaffApex Benefits Group plans to invest $1 million and add 25 jobs paying an average of $44 an hour.
MoreBenefits brokers gain ground without merging
June 16, 2012
J.K. WallWhile mergers and acquisitions have been rampant in central Indiana’s benefits-broker industry the past five years,
a handful of brokers has grown the old-fashioned way—by adding clients.
MoreBankers Life paying $10M fine following securities probe
April 5, 2012
Cory SchoutenCNO Financial Group Inc. has agreed to pay $9.9 million to settle allegations by regulators in four states that its Bankers
Life subsidiary acted as an investment adviser and broker-dealer without proper state licensing.
MoreS&P completes biggest first-quarter rally since 1998
March 31, 2012
Bloomberg NewsMore than $3.6 trillion has been restored to U.S. equity values since October amid better-than-estimated earnings and economic
data. Indianapolis-based WellPoint Inc. surged 11 percent this week, as the Supreme Court debated the health care law.
MoreGallagher sees more broker mergers coming
January 30, 2012
J.K. WallThe Carmel office of Arthur J. Gallagher & Co. just made its sixth acquisition in five years, and it expects looming changes
to tax and health laws to produce even more chances to snap up benefits brokers this year.
MoreEmployers face messy decision to drop health insurance
July 9, 2011
J.K. WallCompanies that drop insurance coverage could, without spending any more money than they are now, give workers an 11-percent
raise or else help them save as much as $2,000 per year buying health coverage in one of the exchanges, IBJ calculations
show.
MoreUnited Financial Systems slapped with lawsuit
April 9, 2011
Kathleen McLaughlinAn Indianapolis insurance brokerage disciplined for unauthorized legal practice might now face millions of dollars in claims
from more than 4,000 former clients because of a class-action suit filed in Marion Superior Court.
MoreHealth insurance brokers set for shakeout
February 5, 2011
J.K. WallHealth insurance brokers, who match up employers with health insurance policies, are about to have a brighter light shone
on the commissions they earn from insurers. The likely result: Commissions will fall or flatline and, eventually, fall away
in favor of fee-based business models.
MoreBrown & Brown acquires Mavum benefits brokerage
November 24, 2010
J.K. WallIndianapolis-based benefits brokerage Mavum Consulting LLC has sold its assets to Florida-based Brown & Brown Inc., the latest
in a wave of broker consolidation in recent years.
MoreIndianapolis, Fort Wayne brokerages complete merger
September 30, 2010
Ash Brokerage Corp. and InSource Inc. have merged to create Ash InSource LLC, a company with annual fixed and equity-indexed
annuity sales of more than $1 billion.
MoreNew McGowan takes helm of insurance agency
August 28, 2010
IBJ StaffMcGowan Insurance was founded in 1930 by William McGowan, who led it until his death in 1977.
MoreWellPoint may be anti-competitive, Connecticut AG says
March 8, 2010
IBJ Staff and Bloomberg NewsWellPoint Inc.'s Anthem Blue Cross & Blue Shield of Connecticut may constrain competition through contracts that require
that the insurer receives hospital discounts at least as favorable as any provided to a competitor.
MoreShepherd Insurance buys rival DeTrude & Co.
December 2, 2009
J.K. WallThe acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage
since mid-2007.
MoreIndiana insurance industry weathers hard times
October 24, 2009
J.K. WallEmployment in Indiana's insurance industry has remained stable despite a poor economy.
MoreOak Street Funding raises $50 million in new capital
September 5, 2009
IBJ StaffGerman group invests in Carmel-based company that specializes in financial services for insurance agencies.
MoreA.J. Gallagher & Co. strikes again, hires two more benefits brokers
June 29, 2009
IBJ StaffNational acquisition-and-merger rage among benefits firms continues as Gallagher swallows groups in Noblesville and Louisville.
Gallagher's Carmel office grows its client portfolio to 300.
MoreBenefits mergers on the increase
March 30, 2009
J.K. WallBenefits brokers and agents—facing increasing demands from employers and declining commissions—are merging at an
accelerating
pace.
MoreAllied Group Insurance honors clients with charity gifts in their name
December 8, 2008
The Indianapolis office of Allied Group Insurance Services will make contributions to local charities in their clients' names
instead of sending them holiday gifts.
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If a television station wants to improve viewership, get rid of the local blackout. I was born by the brickyard, and have attended 15 or more races. I have children now, I won't attend unless circumstances are perfect. As those with growing families know, they never are. I'm always impressed that upwards of 250,000 people attend the 500. However, as a growing, or, more apt, sprawling city, Indianapolis and its immediate suburbs count almost 2.2 million. Show the race live, let the venue get a kick-back on revenues, and open-wheel racing might have a fighting chance to be relevant again. Just in time for those tax-payer lights to make sense.
John Moore, I too have had the same issue recently. A property next to my house was on the Land Bank and I was interested in purchasing. When I tried to contact Reggie, I got back emails that had nothing to do with what I asked about. Actually my latest response from him was on this past Friday. I had asked about how to buy the property and if it was still available. His response to me was to contact the mayor's office to get the schedule of his appearances. (???) Hopefully the city is able to do something to fix what this guy has done, it would be nice if they would take the properties back and sell them properly so land owners like me and you mother would have a fair chance.
I too work in the industry, with over 25 years of experience and your political spin has probably nothing to do with any rebranding. "Let's dress it up" would have nothing to do with the government "telling us how and what to eat." Give it a political rest. And being a producer for a radio show doesn't mean you've been involved in advertising and branding for 30 years.
Ms. Morris did not understand the ways of the business world, otherwise, like the IMS, she could have petitioned the State Legislature for a handout of State Funds for her charity work. Ms. Morris should consider becoming a state lobbyist for Lemonade Stand Operators.
David Copperfield!