New McGowan takes helm of insurance agency
McGowan Insurance was founded in 1930 by William McGowan, who led it until his death in 1977.
Insurance Brokers
Articles
WellPoint may be anti-competitive, Connecticut AG says
WellPoint 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.
Shepherd Insurance buys rival DeTrude & Co.
The acquisition of DeTrude & Co. by Shepherd Insurance marks the 13th purchase of an Indianapolis-area benefits brokerage since mid-2007.
Indiana insurance industry weathers hard times
Employment in Indiana’s insurance industry has remained stable despite a poor economy.
Oak Street Funding raises $50 million in new capital
German group invests in Carmel-based company that specializes in financial services for insurance agencies.
A.J. Gallagher & Co. strikes again, hires two more benefits brokers
National 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.
Benefits mergers on the increase
Benefits brokers and agents—facing increasing demands from employers and declining commissions—are merging at an
accelerating
pace.
Allied Group Insurance honors clients with charity gifts in their name
The Indianapolis office of Allied Group Insurance Services will make contributions to local charities in their clients’ names
instead of sending them holiday gifts.