Insurance brokers: ranked by 2002 L.A. County revenues.EXECUTIVE SUMMARY INSURANCE premiums continued to increase last year with the industry still coping with the effects of the Sept. 11,2001 terrorist attacks and the poor investment climate. Rising premiums mean higher commission fees for brokers, however. The 15 largest insurance brokers saw a 11.2 percent increase in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. County revenues for 2002, to $597.6 million over the previous year's $537.5 million. There was little movement on the list, with No. 9 Dodge Warren Warren. 1 City (1990 pop. 144,864), Macomb co., SE Mich., a suburb of Detroit; est. 1837, inc. as a city 1957. It is an important metalworking center where steel is processed. & Peters Insurance Services Inc. overtaking o·ver·take tr.v. o·ver·took , o·ver·tak·en , o·ver·tak·ing, o·ver·takes 1. a. To catch up with; draw even or level with. b. To pass after catching up with. 2. Willis Wil·lis , Thomas 1621-1675. English anatomist and physician known for his studies of the nervous system and the brain. He discovered the circle of Willis at the base of the brain. Risk & Insurance Services of Los Angeles, due to Dodge's larger revenue increase of 26.7 percent. No. 14 PRB PRB Pharmaceutical Resources Branch Insurance & Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. registered the largest gain for the year. Managing Partner Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Thomas (language) Thomas - A language compatible with the language Dylan(TM). Thomas is NOT Dylan(TM). The first public release of a translator to Scheme by Matt Birkholz, Jim Miller, and Ron Weiss, written at Digital Equipment Corporation's Cambridge Research Laboratory runs attributed the performance to strong revenue growth in its estate, retimoient and pension plans. The insurance industry has been increasingly reliant on premiums as means of generating income, which has driven up premium prices. THE PACESETTER AON CORP. AON Corp. remains atop the insurance brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. list, with L.A. County revnues up 7.5 percent in 2002, to $162.5 million. Los Angeles is headquarters for Aon's Western region, with specialty A contract under seal. A specialty is a written document that has been sealed and delivered and is given as security for the payment of a specifically indicated debt. areas in entertainment, health care, technology and construction. Managing Principal Peter Arkley Coordinates: Arkley is a village in the London Borough of Barnet. It is located 10.6 miles (17 km) north north-west of Charing Cross, and about 440 feet (134 m) above sea level. attributed most of the growth to those specialty areas, which represent close to half of the overall market in the Western region. He also cited high retention levels, with the overall office running at a 96 percent renewal rate -- and even higher in the specialty areas -- compared to industry rates of between 88 and 92 percent. Chicago-based Aon has 990 employees in its three L.A. County offices, down from 1,123 last year. The reduction was the result of a shift of workers to the company's Orange County offices. "I anticipate growth to 1,200 people in the next couple of years (in Los Angeles)," said Arkley. For 2003, Arkley also expects fewer sharp hikes in premiums. "In 2002, we saw increases from 30 to 500 percent (in premium prices), but we're we're Contraction of we are. we're we are seeing smaller increases this year," Arldey said. "Even though the financial markets aren't aren't Contraction of are not. See Usage Note at ain't. aren't are not aren't be back, there is a bit of softening softening /sof·ten·ing/ (sof´en-ing) malacia. softening a change of consistency, with loss of firmness or hardness. in premiums as prices have come into line." Although premium increases have affected their smaller business clients, Arkley said Aon's larger accounts, which make up roughly 50 percent of business, are on a fee basis and thus not affected by the market. [GRAPH graph, figure that shows relationships between quantities. The graph of a function y=f (x) is the set of points with coordinates [x, f (x)] in the xy-plane, when x and y are numbers. OMITTED] [GRAPH OMITTED]
Rank Brokerage (Ranking in 2002) L.A. County/U.S. Revenues
* name * 2002 (millions)
* address * 2001 (millions)
* percent gain (loss)
1 Aon Corp. (1) $162.5/$2,425
707 Wilshire Blvd., Suite 6000 $151.2/$2,400
Los Angeles 90017 7.5%/1%
2 Marsh Risk & Insurance 105/5/900
Services (2)
777 S. Figueroa St. 90/5,200
Los Angeles 90017 16.7/13.5
3 Arthur J. Gallagher & Co. (3) 56.1/1,101.2
505 N. Brand Blvd., 52.9/910
Sixth Floor
Glendale 91203 6/21
4 Total Financial & Insurance 43.7/55.3
Services Inc. (4)
11835 W. Olympic Blvd., Sixth 37.4/47.2
Floor
Los Angeles 90210 16.8/17.2
5 Keenan & Associates (5) 42.5/79.7
2355 Crenshaw Blvd., Suite 200 37/70.3
Torrance 90501 14.9/13.4
6 Lockton Insurance Brokers Inc. 35.8/261
(6)
725 S. Figueroa St., 35th 28.2/256
Floor
Los Angeles 90017 27/2
7 USI of Southern California (7) 33/330
14140 Ventura Blvd. 28/390
Sherman Oaks 91423 17.9/(15.4)
8 Innovative Solutions Insurance 18.5/same
Services (9) 15/same
19191 S. Vermont Ave., Suite 23.3/same
825
Torrance 90502
9 Dodge Warren & Peters 17.1/22.9
Services Inc. (11)
660 S. Figueroa St., 20th 13.5/20
Floor
Los Angeles 90017 26.7/14.5
10 Willis Risk & Insurance Svcs. 16.0/767
of Los Angeles (10)
801 N. Brand Blvd., Suite 400 14/619
Glendale 91203 14.3/23.9
11 Bolton & Co. (12) 15.5/17.9
P.O. Box 6030 13.1/14.9
Pasadena 91102 18.3/20.1
12 ABD Insurance & Financial 14.8/105.5
Services (13)
21250 Hawthorne Blvd., Suite 12.7/100
600 16.5/5.5
Torrance 90503
13 Sander A. Kessler & Associates 13.5/same
Inc. (14)
2850 Ocean Park Blvd.,
Suite 200 12.7/same
Santa Monica 90405 6.5/same
14 PRB Insurance & Financial 13.5/18.3
Services Inc.
1925 Century Park East, Fourth 8.2/10.6
Floor
Los Angeles 90067 64.6/72.6
15 Scanion Guerra Jacobsen & 10.1/Same
Burke Insurance Brokers
21111 Erwin St. 7.6/same
Woodland Hills 91367 32.9/same
Rank Brokerage (Ranking in 2002) L.A. County
* name * employees
* address * yr. established
1 Aon Corp. (1) 990
707 Wilshire Blvd., Suite 6000 1976
Los Angeles 90017
2 Marsh Risk & Insurance 600
Services (2) 1923
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. (3) 260+
505 N. Brand Blvd., 1981
Sixth Floor
Glendale 91203
4 Total Financial & Insurance 48
Services Inc. (4)
11835 W. Olympic Blvd., Sixth 1974
Floor
Los Angeles 90210
5 Keenan & Associates (5) 315
2355 Crenshaw Blvd., Suite 200 1971
Torrance 90501
6 Lockton Insurance Brokers Inc. 176
(6)
725 S. Figueroa St., 35th 1995
Floor
Los Angeles 90017
7 USI of Southern California (7) 183
14140 Ventura Blvd. 1960
Sherman Oaks 91423
8 Innovative Solutions Insurance 25
Services (9) 1998
19191 S. Vermont Ave., Suite
825
Torrance 90502
9 Dodge Warren & Peters 105
Services Inc. (11) 1977
660 S. Figueroa St., 20th
Floor
Los Angeles 90017
10 Willis Risk & Insurance Svcs. 65
of Los Angeles (10)
801 N. Brand Blvd., Suite 400 1950
Glendale 91203
11 Bolton & Co. (12) 120
P.O. Box 6030 1931
Pasadena 91102
12 ABD Insurance & Financial 60
Services (13) 1986
21250 Hawthorne Blvd., Suite
600
Torrance 90503
13 Sander A. Kessler & Associates 72
Inc. (14)
2850 Ocean Park Blvd.,
Suite 200 1956
Santa Monica 90405
14 PRB Insurance & Financial 61
Services Inc.
1925 Century Park East, Fourth 1962
Floor
Los Angeles 90067
15 Scanion Guerra Jacobsen &
Burke Insurance Brokers
21111 Erwin St. 61
Woodland Hills 91367
1964
Rank Brokerage (Ranking in 2002) Insurers
* name (partial list)
* address
1 Aon Corp. (1) all carriers
707 Wilshire Blvd., Suite 6000
Los Angeles 90017
2 Marsh Risk & Insurance all carriers
Services (2)
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. (3) all carriers
505 N. Brand Blvd.,
Sixth Floor
Glendale 91203
4 Total Financial & Insurance Jefferson Pilot,
Services Inc. (4) Travelers, Lincoln
11835 W. Olympic Blvd., Sixth Benefit Life, Security
Floor Connecticut, General
Los Angeles 90210 American, Mass Mutual
5 Keenan & Associates (5) Blue Cross, HealthNet,
2355 Crenshaw Blvd., Suite 200 Ace, USA, Delta Dental
Torrance 90501
6 Lockton Insurance Brokers Inc. all carriers
(6)
725 S. Figueroa St., 35th
Floor
Los Angeles 90017
7 USI of Southern California (7) all major carriers
14140 Ventura Blvd.
Sherman Oaks 91423
8 Innovative Solutions Insurance Transamerica, Travelers,
Services (9) West Coast Life, SunLife
19191 S. Vermont Ave., Suite
825
Torrance 90502
9 Dodge Warren & Peters all major carriers
Services Inc. (11)
660 S. Figueroa St., 20th
Floor
Los Angeles 90017
10 Willis Risk & Insurance Svcs. AIG, Aetna, Zurich,
of Los Angeles (10) Hartford, Chubb, St. Paul
801 N. Brand Blvd., Suite 400
Glendale 91203
11 Bolton & Co. (12) State Fund, Firemans
P.O. Box 6030 fund, Chubb, Safeco,
Pasadena 91102 Hartford, Atlantic Mutual
12 ABD Insurance & Financial all carriers
Services (13)
21250 Hawthorne Blvd., Suite
600
Torrance 90503
13 Sander A. Kessler & Associates all major carriers
Inc. (14)
2850 Ocean Park Blvd.,
Suite 200
Santa Monica 90405
14 PRB Insurance & Financial Union Central Life, Mass
Services Inc. Mutual, UNUM,
1925 Century Park East, Fourth Transamerica, West Coast
Floor Life
Los Angeles 90067
15 Scanion Guerra Jacobsen & Fireman's Fund, Atlantic
Burke Insurance Brokers Mutual, C.N.A. Hartford,
21111 Erwin St. Golden Eagle, Zurich,
Woodland Hills 91367 Everest National
Rank Brokerage (Ranking in 2002) Major Lines Written
* name (in order of volume)
* address
1 Aon Corp. (1) all lines
707 Wilshire Blvd., Suite 6000
Los Angeles 90017
2 Marsh Risk & Insurance all lines
Services (2)
777 S. Figueroa St.
Los Angeles 90017
3 Arthur J. Gallagher & Co. (3) all lines
505 N. Brand Blvd.,
Sixth Floor
Glendale 91203
4 Total Financial & Insurance survivorship life, key
Services Inc. (4) man life insurance,
11835 W. Olympic Blvd., Sixth foreign nationals, term
Floor insurance, annuities
Los Angeles 90210
5 Keenan & Associates (5) workers' compensation,
2355 Crenshaw Blvd., Suite 200 medical, dental, property
Torrance 90501 /liability, malpractice,
life
6 Lockton Insurance Brokers Inc. all lines
(6)
725 S. Figueroa St., 35th
Floor
Los Angeles 90017
7 USI of Southern California (7) all major lines
14140 Ventura Blvd.
Sherman Oaks 91423
8 Innovative Solutions Insurance life insurance fixed and
Services (9) variable, long-term care,
19191 S. Vermont Ave., Suite annuities
825
Torrance 90502
9 Dodge Warren & Peters workers' compensation,
Services Inc. (11) group benefits, package,
660 S. Figueroa St., 20th auto, general liability,
Floor umbrella, property,
Los Angeles 90017 professional liability
10 Willis Risk & Insurance Svcs. all lines
of Los Angeles (10)
801 N. Brand Blvd., Suite 400
Glendale 91203
11 Bolton & Co. (12) workers' compensation,
P.O. Box 6030 package, general
Pasadena 91102 liability, umbrella,
professional
12 ABD Insurance & Financial group employee benefits
Services (13) property and casualty,
21250 Hawthorne Blvd., Suite workers' compensation,
600 401(k)
Torrance 90503
13 Sander A. Kessler & Associates workers' compensation,
Inc. (14) property and casualty,
2850 Ocean Park Blvd., group health and employee
Suite 200 benefits
Santa Monica 90405
14 PRB Insurance & Financial life, annuities,
Services Inc. disability, long-term
1925 Century Park East, Fourth care, group employee
Floor benefits
Los Angeles 90067
15 Scanion Guerra Jacobsen & workers' compensation,
Burke Insurance Brokers commercial package,
21111 Erwin St. liability, auto, excess
Woodland Hills 91367 and group employee
benefits
Rank Brokerage (Ranking in 2002) Profile
* name * headquarters
* address * offices (county/total)
* parent company
1 Aon Corp. (1) Chicago
707 Wilshire Blvd., Suite 6000 35/150+
Los Angeles 90017 same
2 Marsh Risk & Insurance New York
Services (2) 2/400+
777 S. Figueroa St. MMC
Los Angeles 90017
3 Arthur J. Gallagher & Co. (3) Itasca, III.
505 N. Brand Blvd., 3/200+
Sixth Floor same
Glendale 91203
4 Total Financial & Insurance Los Angeles
Services Inc. (4) 1/86
11835 W. Olympic Blvd., Sixth National Financial
Floor Partners
Los Angeles 90210
5 Keenan & Associates (5) Torrance
2355 Crenshaw Blvd., Suite 200 2/10
Torrance 90501 same
6 Lockton Insurance Brokers Inc. Kansas City
(6) 1/14
725 S. Figueroa St., 35th Lockton Companies
Floor
Los Angeles 90017
7 USI of Southern California (7) San Francisco
14140 Ventura Blvd. 1/77
Sherman Oaks 91423 USI Insurance Services
Inc.
8 Innovative Solutions Insurance Los Angeles
Services (9) 1/same
19191 S. Vermont Ave., Suite same
825
Torrance 90502
9 Dodge Warren & Peters Los Angeles
Services Inc. (11) 3/5
660 S. Figueroa St., 20th same
Floor
Los Angeles 90017
10 Willis Risk & Insurance Svcs. Nashville, Tenn.
of Los Angeles (10) 1/50+
801 N. Brand Blvd., Suite 400 same
Glendale 91203
11 Bolton & Co. (12) Pasadena
P.O. Box 6030 1/2
Pasadena 91102 same
12 ABD Insurance & Financial Redwood City
Services (13) 1/11
21250 Hawthorne Blvd., Suite same
600
Torrance 90503
13 Sander A. Kessler & Associates Santa Monica
Inc. (14) 1/same
2850 Ocean Park Blvd., same
Suite 200
Santa Monica 90405
14 PRB Insurance & Financial Los Angeles
Services Inc. 1/5
1925 Century Park East, Fourth same
Floor
Los Angeles 90067
15 Scanion Guerra Jacobsen & Woodland Hills
Burke Insurance Brokers 1/same
21111 Erwin St. same
Woodland Hills 91367
Rank Brokerage (Ranking in 2002) Top Local Executive
* name * name
* address * title
* phone
1 Aon Corp. (1) Peter Arkley
707 Wilshire Blvd., Suite 6000 managing principal
Los Angeles 90017 (213) 630-3200
2 Marsh Risk & Insurance Paul Gibbs
Services (2) managing dir., head of
777 S. Figueroa St. office
Los Angeles 90017 (213) 624-5555
3 Arthur J. Gallagher & Co. (3) James G. McFarlane
505 N. Brand Blvd., area chairman
Sixth Floor (818) 539-2300
Glendale 91203
4 Total Financial & Insurance Martin Greenberg
Services Inc. (4) president
11835 W. Olympic Blvd., Sixth (310) 477-7500
Floor
Los Angeles 90210
5 Keenan & Associates (5) Sean Smith
2355 Crenshaw Blvd., Suite 200 ceo
Torrance 90501 (310) 212-3344
6 Lockton Insurance Brokers Inc. Timothy J. Noonan
(6) ceo, president
725 S. Figueroa St., 35th (213) 689-0065
Floor
Los Angeles 90017
7 USI of Southern California (7) H. David Wood
14140 Ventura Blvd. ceo, president
Sherman Oaks 91423 (818) 906-3350
8 Innovative Solutions Insurance Lynne Rosenberg Kidd
Services (9) president
19191 S. Vermont Ave., Suite (310) 851-8222
825
Torrance 90502
9 Dodge Warren & Peters Gregory Davidian
Services Inc. (11) chairman, ceo, president
660 S. Figueroa St., 20th (213) 627-9203
Floor
Los Angeles 90017
10 Willis Risk & Insurance Svcs. John R. Genovese
of Los Angeles (10) chairman, ceo
801 N. Brand Blvd., Suite 400 (818) 548-7500
Glendale 91203
11 Bolton & Co. (12) Steve Brockmeyer
P.O. Box 6030 ceo, president
Pasadena 91102 (626) 799-7000
12 ABD Insurance & Financial James Czesak
Services (13) executive vice president
21250 Hawthorne Blvd., Suite (310) 543-9995
600
Torrance 90503
13 Sander A. Kessler & Associates Ronald A. Bloom
Inc. (14) president
2850 Ocean Park Blvd., (310) 309-2216
Suite 200
Santa Monica 90405
14 PRB Insurance & Financial Leo Thomas
Services Inc. managing partner
1925 Century Park East, Fourth (310) 551-3125
Floor
Los Angeles 90067
15 Scanion Guerra Jacobsen & James N. Scanion
Burke Insurance Brokers ceo
21111 Erwin St. (818) 316-0999
Woodland Hills 91367
Note: The information on this list was supplied by representatives of
the brokerages themselves. Brokerages are ranked by 2002 L.A. County
commission income from insurance brokerage services. Revenues may appear
to be tied due to rounding. Petersen International Underwriters, No. 8
last year, may have qualified for the list but failed to submit a
survey.
Researched by Nicole Taylor
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