Insurance brokers: ranked by 2004 L.A. county revenues.EXECUTIVE SUMMARY THE 15 largest local insurance brokerages reported a 4.9 percent increase in combined revenues in 2004 to $669 million, up from $637.8 million in 2003. Only two companies on the list reported a decrease in L.A. County revenue. No. 2 Marsh, the focal point focal point n. See focus. of a bid-rigging scandal Scandal See also Controversy. Scapegoat (See DUPERY.) Abélard, Peter (1079–c. 1144) French theologian takes Héloïse, abbess, as lover; marries her in secret. [Fr. Hist. last year, reported a 9.2 percent decline in revenues for 2004, to $109 million. Two companies had year-over-year revenue increases greater than 15 percent. SullivanCurtisMonroe, No. 10 this year, jumped three spots with a $2.4 million revenue boost in L.A. County, or 15.2 percent, to $18.2 million. No. 4 Lockton Lockton is a small village in the North Yorkshire Moors in England, about 4 miles north-east of Pickering. Nearby villages include Newton-on-Rawcliffe and Levisham. External links Lockton and Levisham Past and Present Insurance Brokers Inc., gained two spots by posting a 23.6 percentage revenue increase. The Kansas City Kansas City, two adjacent cities of the same name, one (1990 pop. 149,767), seat of Wyandotte co., NE Kansas (inc. 1859), the other (1990 pop. 435,146), Clay, Jackson, and Platte counties, NW Mo. (inc. 1850). , Mo.-based company reported $57.1 million in L.A. County revenue for 2004, up $10.9 million from the prior year. Overall, the 15 largest insurance brokerages employ 2,916 in 20 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 offices. --David Nusbaum Nusbaum is a village in the district Bitburg-Prüm in Rhineland-Palatinate, Germany, situated in the southern part of the Eifel. Links
THE PACESETTER AON CORP. FUELED by an improved economy, Aon Corp. retained its title as the largest insurance broker in Los Angeles County in 2004 for the sixth consecutive year. Local revenues increased by $10.4 million, or 6.9 percent, to $175.7 million from 2003. Intense scrutiny Scrutiny (Fr. scrutin, Late Lat. scrutinium, from scrutari, to search or examine thoroughly) is a careful examination or inquiry (as though there was a mistake). of the industry has increased competition, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Sam (1) (Security Accounts Manager) The part of Windows NT that manages the database of usernames, passwords and permissions. A SAM resides in each server as well as in each domain controller. See PDC and trust relationship. Cargill Cargill, Incorporated is a privately held, multinational corporation, and is based in the state of Minnesota in the United States. It was founded in 1865, and has grown into the world's second largest privately held corporation (in terms of revenue). , president and resident managing director of Aon Risk Services Inc. of Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . "Regulatory reg·u·late tr.v. reg·u·lat·ed, reg·u·lat·ing, reg·u·lates 1. To control or direct according to rule, principle, or law. 2. investigations have been a vessel VESSEL, mar. law. A ship, brig, sloop or other craft used in navigation. 1 Boul. Paty, tit. 1, p. 100. See sup. 2. By an act of congress, approved July 29, 1850, it is provided that any person, not being an owner, who shall on the high seas, willfully, with. for change," he said. "What's good for the client is good for the industry." Chicago-based Aon recorded its fifth straight year of revenue growth in Los Angeles County, which makes Los Angeles the second largest office within the Aon U.S. network. The Southern California region had a 96 percent client retention rate, its highest ever. "We have not lost clients over investigations in the industry," Cargill said. He said the greatest growth was in construction, entertainment and pharmaceutical/chemical sectors in 2004. Although revenues increased, Aon moved some jobs out of L.A. County due to a restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). of its health care practice, Cargill said. The number of employees in three L.A. County offices fell to 991 from 1,114 last year. --David Nusbaum
Rank Brokerage (Ranking in 2004) L.A. County/U.S. Revenues
* name * 2004 (millions)
* address * 2003 (millions)
* percent gain (loss)
1 Aon Corp. (1) $175.7/$2,298
707 Wilshire Blvd., Suite 6000 $165.3/$2,525
Los Angeles 90017 6.3%/-9%
2 Marsh Inc. (2) 109/5,000
777 S. Figueroa St. 120/6,900
Los Angeles 90017 -9.2/-27.5
3 Arthur J. Gallagher & Co. (3) 64.7/1,480
505 N. Brand Blvd., Sixth Floor 59.1/1,305
Glendale 91203 9.5/13.4
4 Lockton Insurance Brokers Inc. (6) 57.1/342
725 S. Figueroa St., 35th Floor 46.2/302
Los Angeles 90017 23.6/13.2
5 Total Financial & Insurance 55.4/66.3
Services Inc. (4) 52.8/63.1
11835 W. Olympic Blvd., Suite 600 4.9/5.1
Los Angeles 90064
6 Keenan & Associates (5) 49.4/105.1
2355 Crenshaw Blvd., Suite 200 47.6/93.1
Torrance 90501 3.8/12.9
7 Willis (8) 24/NA
801 S. Figueroa St. 21/723
Los Angeles 90017 14.3/NA
8 Innovative Solutions Insurance 21/same
Services LLC (9) 19.3/same
19191 S. Vermont Ave., Suite 825 8.8/same
Torrance 90502
9 ABD Insurance & Financial Services 20.4/132.4
(10) 18.4/119
21250 Hawthorne Blvd., Suite 600 10.9/11.3
Torrance 90503
10 SullivanCurtisMonroe (13) 18.2/38.3
251 S. Lake Ave., Suite 150 15.8/35.1
Pasadena 91101 15.2/9.1
11 PRB Insurance & Financial Services 18.1/23.3
Inc. (12) 16.9/22.9
1925 Century Park East, Fourth 7.1/1.7
Floor Los Angeles 90067
12 Bolton & Co. (11) 18.1/20.8
245 S. Los Robles, Suite 105 17.5/20.4
Pasadena 91101 3.3/2
13 Sander A. Kessler & Associates 16/same
Inc. (14) 14.5/same
2850 Ocean Park Blvd., Suite 200 10.3/same
Santa Monica 90405
14 Armstrong/Robitaille Business & 13/35
Insurance Services (15) 13/35
535 N. Brand Blvd., 10th and 11th 0/0
Floors Glendale 91203
15 Scanlon Guerra Jacobsen & Burke 8.9/same
Insurance Brokers Inc. 10.4/same
21011 Warner Center Lane -14.4/same
Woodland Hills 91367
Rank L.A. County Insurers
* employees (partial list)
* yr. established
1 991 all carriers
1976
2 550 all carriers
1923
3 270+ all carriers
1981
4 245 all carriers
1995
5 49 Jefferson Pilot, Lincoln Benefit Life,
1974 Lincoln Life, General American,
Mass Mutual, John Hancock, ING
6 431 WND
1972
7 82 all carriers
1950
8 25 Transamerica, St. Paul/Travelers,
1998 West Coast Life, SunLife
9 75 all carriers
1986
10 46 Chubb, Fireman's Fund, AIG,
1975 PacifiCare, Blue Cross
11 65 Union Central Life, Mass Mutual,
1962 Manufacturers Life & Travelers,
UNUM, Transamerica
12 128 all major carriers
1931
13 95 State Compensation Insurance Fund,
1954 Cigna Corp., Blue Cross, Aetna, Applied
Underwriters, St. Paul/Travelers
14 81 AIG, Chubb, Hartford, St.
1979 Paul/Travelers, Fireman's Fund,
Blue Cross, Blue Shield
15 53 all carriers
1964
Rank Major Lines Written Profile
(in order of volume) * headquarters
* offices (county/total)
* parent company
1 all lines Chicago
3/150
same
2 all lines New York
1/400+
MMC
3 all lines Itasca, Ill.
3/200+
same
4 all lines Kansas City, Mo.
1/15
Lockton Cos.
5 survivorship life, keyman life Los Angeles
insurance, foreign nationals, 1/137
annuities National Financial Partners
6 workers' compensation, medical, Torrance
dental, property/liability, 2/9
malpractice same
7 all lines New York (1)
1/300+
Willis Group Holdings Ltd.
8 life insurance fixed and Torrance
variable, long-term care, 1/same
annuities same
9 group employee benefits, Redwood City
property/casualty, workers' 1/14
compensation, 401(k) same
10 property/casualty, employee Irvine
benefits, workers' compensation 1/3
same
11 life, annuities, disability, Los Angeles
long-term care, group employee 1/4
benefits, 401(k) same
12 all lines Pasadena
1/2
same
13 workers' compensation, group Santa Monica
health, personal lines, 401(k), 1/same
commercial general liability, same
property/casualty
14 workers' compensation, Fullerton
package policies, auto, 1/4
life and health Union Bank of California
15 all lines Woodland Hills
1/same
same
Rank Top Local Executive
* name
* title
* phone
1 Sam Cargill
president, res. managing dir.
(213) 630-3200
2 Kris Davis
managing dir., head of office
(213) 624-5555
3 James G. McFarlane
chairman, Western region
(818) 539-2300
4 Timothy J. Noonan
ceo
(213) 689-0500
5 Martin Greenberg
president
(310) 477-7500
6 Sean Smith
ceo
(310) 212-3344
7 David Fuhrman
ceo, Los Angeles
(213) 607-6300
8 Lynne Rosenberg Kidd
president
(310) 851-8222
9 James Czesak
executive vice president
(310) 543-9995
10 John Monroe
managing partner
(949) 250-7172
11 Leo Thomas
managing partner
(310) 551-3125
12 Steve Brockmeyer
co-ceo, president
(626) 799-7000
13 S. Kessler/K. Kessler
ceo/president
(310) 309-2200
14 Paul Furlong
area president
(818) 662-4200
15 James N. Scanlon
ceo
(818) 316-0999
NA--Not Available WND--Would Not Disclose
(1) North American headquarters.
Note: The information on this list was supplied by representatives of
the brokerages themselves. Brokerages are ranked by 2004 L.A. County
revenues from insurance brokerage services. Numbers that appear to be
tied have been rounded. USI of Southern California Insurance Services,
No. 7 last year, may have qualified for this list, but was unable to
provide L.A. County information.
To the best of our knowledge, this information is accurate as of press
time. While every effort is made to ensure the accuracy and
thoroughness of the list, omissions and typographical errors sometimes
occur. Please send corrections or additions on company letterhead to
the Research Department, Los Angeles Business Journal, 5700 Wilshire
Blvd., Suite 170, Los Angeles 90036. [c]2005 Los Angeles Business
Journal. This list may not be reprinted in whole or in part without
prior written permission from the editor. Reprints are available from
Wright's Reprints, (877) 652-5295.
Researched by David Nusbaum
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