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Tobias Insurance agency merges with Florida firm

IBJ Staff
January 10, 2013
Keywords
Health Care & Insurance, Insurance, Insurance Brokers, Mergers & Acquisitions
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Tobias Insurance Group Inc., one of Indianapolis’ largest independent insurance brokerages, has merged with Florida-based AssuredPartners Inc.  

Terms of the deal, announced Thursday, were not disclosed.

Tobias will retain its name, and company founder Nick Rutigliano will continue to lead the insurance brokerage that he started in 1973.

With $351 million in premiums written in 2011, Tobias ranks as the area’s eighth-largest independent insurance brokerage, according to the most recent IBJ statistics. The company has 45 employees, who will retain their jobs, Rutigliano said.

AssuredPartners has more than 1,700 employees in 63 offices in 20 states, and posts about $230 million in annual revenue.
 

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  1. These higher rates Co. e about only because physicians are now hospital employees. otherwise physicians couldn't charge these rates and share the windfall with the hospital. Community/rural hospitals probably not buying physicians practices and thus weren't getting the windfall anyway.

  2. The incentive for poor people to get themselves off public assistance and "no longer be poor" is even with help...they're STILL POOR! Being poor, even with some assistance, isn't all that pleasant. (I speak from experience) It's a stubborn myth that poor people, who are on public assistance, are sitting in the lap of luxury. You should try living on just those "freebies" that you mentioned and see how meager they actually are. By the way, I didn't mean you had to buy/own a puppy...just pet one. :)

  3. As near as I can tell the minority has ZERO constitutional obligation to offer a quorum to the majority. A requirement for quorum was inserted into the constitution so that tyrannical majorities could not simply shove through odious and objectionable legislation (which is exactly what they did.) By allowing a tyrannical majority to charge fines against the minority for exercising their constitutional prerogative to deny quorum the court as made a mockery of constitutional governance in the state of Indiana.

  4. The voters elected the Reps to make a vote not walk out on the vote. They had to the right to exercise their opinion and vote "no" to the bill. Let me ask you this if you walked out of your job for 5 straight weeks would you get paid? Would you even have a job to go back to? If any elected official walks out on the people they should be arrested for stealing tax dollars from the public. They were elected to do a job and not leave when the job gets stuff.

  5. I have been to several of their locations in Pennsylvania and always go in for 1 item and leave with a basket full of things. I'm very happy they decided on Indiana, now if only they would put the other store in eastside.

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