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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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Ameriana Bank took over Westfield Farmers Market for 2013 and it is held in their parking lot, corner of 32 and Carey road, 5 to 8. I am selling soap and candles there. great market!
B&T certainly has enough of our taxpayer dollars to do this thanks to Mayor Ballard. Given the firm's exceedingly poor reputation in the legal community, the basement would seem a better option.
Should read MAY hire 20 people.
Not a good location for a 300,000 home. 10th Street fumes, buses, noise. Max for this location 150,000.
The state constitution also does not say that the majority has a right to quorum, nor that the minority is required to allow them quorum. In fact, denial of quorum has been a parliamentary maneuver since the establishment of the first parliaments in the early 1600s. The right to deny quorum (and the requirement fore quorum) are to prevent exactly what happened in Indiana: A tyrannical majority pushing through odious, objectionable legislation. Denial of quorum is totally legitimate, and lest we forget, a tactic the GOP has employed many, many times to ensure their issues weren't given short shrift. By allowing the majority to impose "fines" on the minority for exercising the authority the constitution grants them (to deny quorum,) they are violating the constitution.