Insurance brokers: ranked by 2005 L.A. County revenues.EXECUTIVE SUMMARY The 15 largest local brokerages reported a 9.4 percent increase in combined revenues in 2005 to $682 million, up from $623 million in 2004. Paying restitution In the context of Criminal Law, state programs under which an offender is required, as a condition of his or her sentence, to repay money or donate services to the victim or society; with respect to maritime law, the restoration of articles lost by jettison, done when the for undisclosed contingency fees contingency fee Law & medicine An attorney fee based on a percentage of the money recovered in a lawsuit hit many firms hard last year. Large settlements include $850 million paid by Marsh & McLennan McLennan, MacLennan or Maclennan is a Scottish surname. It may refer to: People
Two companies had revenue increases greater than 15 percent. El Segundo-based Innovative Solutions Insurance Services LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , No. 8, saw revenues increased to $29 million, a 38 percent rise. No. 9 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. moved down one spot although local revenues increased to $28 million up $4 million or 17 percent. Overall, the 15 largest brokerages employ 2,944 people. THE PACESETTER AON CORP. AON Corp. held the top spot on the list of the largest L.A. County insurance brokerage BROKERAGE, contracts. The trade or occupation of a broker; the commissions paid to a broker for his services. firms for the second consecutive year with $183 million in local 2005 revenues, up $6.3 million from the previous year. However, the Chicago-based company saw its area employees decline to 919 from 991 over the past 12 months as it moved a service center to Houston Houston, city (1990 pop. 1,630,553), seat of Harris co., SE Tex., a deepwater port on the Houston Ship Channel; inc. 1837. Economy The fourth largest city in the nation and the largest in the entire South and Southwest, Houston is a port of entry; . "It was a strategic decision to consolidate Consolidate To combine the assets, liabilities, and other financial items of two or more entities into one. Notes: This term is generally used in the context of consolidated financial statements. practices, said 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 regional managing director. The industry was hit hard last year, as many states required insurance brokers to pay resutitution to customers for charges related to contingency fees and to comply with new regulations requiring more disclosure. Aon agreed to pay $190 million to its policyholders. "We're we're Contraction of we are. we're we are committed to transparency (1) The quality of being able to see through a material. The terms transparency and translucency are often used synonymously; however, transparent would technically mean "seeing through clear glass," while translucent would mean "seeing through frosted glass." See alpha blending. ," said Cargill. "It's it's 1. Contraction of it is. 2. Contraction of it has. See Usage Note at its. it's it is or it has it's be ~have a more competitive marketplace. We gained clients because of this." The strongest areas of local growth were construction, both residential and commercial, and 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. . In 2006, Cargill expects to see more business in the area of workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. , which has seen lower premiums following state reforms. He also sees challenges in the property market as a result of Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. , a disaster that he believes will be more costly than
the Sept. 11, 2001 attack on the World Trade Center. Aon sent employees
from across the country, including 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. , to areas ravaged rav·age v. rav·aged, rav·ag·ing, rav·ages v.tr. 1. To bring heavy destruction on; devastate: A tornado ravaged the town. 2. by the hurricanes. "L.A. resources are playing a significant role. We still have a lot of people working down there and will for some time," Cargill said.
Rank Brokerage Revenues (1) L.A. County
(Ranking in 2005) (county/national) * employees
* name * 2005 * year
* address * 2004 established
* Web site * percent gain (loss)
1 Aon Corp. (1) $183/$2,436 919
707 Wilshire Blvd., $175.7/$2,298 1976
Suite 6000 4.2%/6%
Los Angeles 90017
aon.com
2 Marsh Inc. (2) 125/5,900 565
777 S. Figueroa St. 109/5,000 1923
Los Angeles 90017 14.7/18
marsh.com
3 Arthur J. Gallagher 68.1/1,483.9 250
& Co. (3) 64.7/1,480 1981
505 N. Brand Blvd., 5.3/0.3
Sixth Floor Glendale
91203
ajg.com
4 Lockton Insurance 65.5/400 280
Brokers Inc. (4) 57.1/342 1995
725 S. Figueroa St., 14.6/17
35th Floor Los Angeles
90017
lockton.com
5 Total Financial & 64.5/79.7 47
Insurance Services 55.4/66.3 1974
Inc. (5) 16.5/20.2
11835 W. Olympic
Blvd., Suite 600 Los
Angeles 90064
totalfinancial.com
6 Keenan & 51.5/110 300
Associates (6) 49.4/105.1 1972
2355 Crenshaw Blvd., 4.3/4.7
Suite 200 Torrance
90501
keenan.com
7 Elkins/Jones 50/50 33
Insurance Agency Inc. 45/45 1996
12100 Wilshire Blvd., 11.1/11.1
Suite 300 Los Angeles
90025
elkinsjones.com
8 Innovative Solutions 29/29 35
Insurance Services (8) 21/21 1998
200 N. Sepulveda 38.1/38.1
Blvd., Suite 900 El
Segundo 90245
isislife.com
9 Willis (7) 28/786 105
801 S. Figueroa St. 24/814 1950
Los Angeles 90017 16.7/-3.4
willis.com
10 PRB Insurance & 20.8/25.6 60
Financial Services 18.1/23.3 1962
Inc. (11) 15/10
1925 Century Park
East, Fourth Floor
Los Angeles 90067
N/A
11 ABD Insurance and 20.2/156.6 86
Financial Services (9) 20.4/132.4 1986
21250 Hawthorne Blvd., -1/18.3
Suite 600 Torrance
90503
cybersure.com
12 Bolton & Co. (12) 17.8/21 116
245 S. Los Robles, 18.1/20.8 1931
Suite 105 Pasadena -1.5/1.1
91102
boltonco.com
13 Sander A. Kessler & 15/15 86
Associates Inc. (13) 16/16 1954
2850 Ocean Park Blvd., -6.3/-6.3
Suite 200 Santa Monica
90405
sanderkessler.com
14 Armstrong/Robitaille 13/35 81
Business & Insurance 13/35 1979
Services (14) 0/0
535 N. Brand Blvd.,
10th and 11th Floors
Glendale 91203
arinsurance.com
15 GNW-Evergreen 10.1/10.1 70
Insurance Services 9.9/9.9 2004
16030 Ventura Blvd., 2.1/2.1
Suite 500 Encino 91436
gnw-eg.com
Rank Brokerage Insurers Major Lines
(Ranking in 2005) (partial list) Written
* name (in order of
* address volume)
* Web site
1 Aon Corp. (1) all carriers all lines
707 Wilshire Blvd.,
Suite 6000
Los Angeles 90017
aon.com
2 Marsh Inc. (2) all carriers all lines
777 S. Figueroa St.
Los Angeles 90017
marsh.com
3 Arthur J. Gallagher all carriers all lines
& Co. (3)
505 N. Brand Blvd.,
Sixth Floor Glendale
91203
ajg.com
4 Lockton Insurance all carriers all lines
Brokers Inc. (4)
725 S. Figueroa St.,
35th Floor Los Angeles
90017
lockton.com
5 Total Financial & Jefferson Pilot, keyman life
Insurance Services Lincoln Benefit insurance, foreign
Inc. (5) Life, Lincoln nationals,
11835 W. Olympic Life, New York survivorship life,
Blvd., Suite 600 Los Life, Mass Mutual, annuities
Angeles 90064 John Hancock, ING,
totalfinancial.com AIG, TransAmerica
6 Keenan & N/A workers'
Associates (6) compensation,
2355 Crenshaw Blvd., medical, dental,
Suite 200 Torrance property/
90501 liability,
keenan.com malpractice
7 Elkins/Jones Fireman's Fund, real estate
Insurance Agency Inc. Hartford, Chubb, (lessors risk)
12100 Wilshire Blvd., California manufacturing,
Suite 300 Los Angeles Insurance Group, workers'
90025 St. Paul/ compensation, home
elkinsjones.com Travelers, Allied, owners,
Safeco non-profits
8 Innovative Solutions Transamerica, life, annuities
Insurance Services (8) Prudential and long-term care
200 N. Sepulveda Financial, Lincoln
Blvd., Suite 900 El Benefit Life, Met
Segundo 90245 Life, John
isislife.com Hancock, West
Coast Life,
Genworth/First
Colony
9 Willis (7) all carriers all lines
801 S. Figueroa St.
Los Angeles 90017
willis.com
10 PRB Insurance & Union Central life, annuities,
Financial Services Life, Mass Mutual, disability,
Inc. (11) Manufacturers Life long-term care,
1925 Century Park & Travelers, UNUM, group employee
East, Fourth Floor Transamerica, benefits, 401 (k)
Los Angeles 90067 Pacific Life
N/A
11 ABD Insurance and all carriers group employee
Financial Services (9) benefits,
21250 Hawthorne Blvd., property/casualty,
Suite 600 Torrance workers'
90503 compensation,
cybersure.com 401(k)
12 Bolton & Co. (12) all major carriers all lines
245 S. Los Robles,
Suite 105 Pasadena
91102
boltonco.com
13 Sander A. Kessler & State Compensation workers'
Associates Inc. (13) Insurance Fund, compensation,
2850 Ocean Park Blvd., Cigna Corp., Blue group health,
Suite 200 Santa Monica Cross, Aetna, personal lines,
90405 Applied 401(k), commercial
sanderkessler.com Underwriters, St. general liability,
Paul/Travelers, property/casualty,
Crum & Forster commercial
package, business
auto
14 Armstrong/Robitaille AIG, Chubb, workers'
Business & Insurance Hartford, St. compensation,
Services (14) Paul/Travelers, package policies,
535 N. Brand Blvd., Fireman's Fund, auto, life and
10th and 11th Floors Blue Cross, Blue health
Glendale 91203 Shield
arinsurance.com
15 GNW-Evergreen Fireman's Fund, workers'
Insurance Services Chubb, Hartford, compensation,
16030 Ventura Blvd., St. Paul/ commercial
Suite 500 Encino 91436 Travelers, Golden package, home
gnw-eg.com Eagle, State Comp owners, personal
Insurance Fund, auto, commercial
Safeco general liability,
E&O, commercial
umbrella
Rank Brokerage Profile Top Local
(Ranking in 2005) * parent company Executive
* name * headquarters * name
* address * offices * title
* Web site (county/total) * phone
1 Aon Corp. (1) N/A Sam Cargill
707 Wilshire Blvd., Chicago president, resident
Suite 6000 3/500 managing director
Los Angeles 90017 (213) 630-3200
aon.com
2 Marsh Inc. (2) Marsh & Kris Davis
777 S. Figueroa St. McLennan Cos. managing director,
Los Angeles 90017 New York head of office
marsh.com 2/400 (213) 624-5555
3 Arthur J. Gallagher N/A James G. McFarlane
& Co. (3) Itasca, Ill. chairman, Western
505 N. Brand Blvd., 3/200+ region
Sixth Floor Glendale (818) 539-2300
91203
ajg.com
4 Lockton Insurance Lockton Cos. Timothy J. Noonan
Brokers Inc. (4) Kansas City, ceo
725 S. Figueroa St., Mo. (213) 689-0500
35th Floor Los Angeles 1/17
90017
lockton.com
5 Total Financial & National Martin Greenberg
Insurance Services Financial president
Inc. (5) Partners (310) 477-7500
11835 W. Olympic Los Angeles
Blvd., Suite 600 Los 1/1
Angeles 90064
totalfinancial.com
6 Keenan & N/A Sean Smith
Associates (6) Torrance ceo
2355 Crenshaw Blvd., 2/10 (310) 212-3344
Suite 200 Torrance
90501
keenan.com
7 Elkins/Jones N/A Janet C. Jones
Insurance Agency Inc. Los Angeles president
12100 Wilshire Blvd., 1/2 (310) 207-9796
Suite 300 Los Angeles
90025
elkinsjones.com
8 Innovative Solutions N/A Lynne Rosenberg Kidd
Insurance Services (8) El Segundo ceo
200 N. Sepulveda 1/1 (310) 851-8222
Blvd., Suite 900 El
Segundo 90245
isislife.com
9 Willis (7) Willis Group David Fuhrman
801 S. Figueroa St. Holdings Ltd. ceo, Los Angeles
Los Angeles 90017 New York (213) 607-6300
willis.com 1/300
10 PRB Insurance & N/A Tom Michel
Financial Services Los Angeles managing partner
Inc. (11) 1/4 (310) 551-3125
1925 Century Park
East, Fourth Floor
Los Angeles 90067
N/A
11 ABD Insurance and N/A James Czesak
Financial Services (9) Redwood City Bob Volkel
21250 Hawthorne Blvd., 1/14 exec. v.p., sr. v.p.
Suite 600 Torrance (310) 543-9995
90503
cybersure.com
12 Bolton & Co. (12) N/A Steve Brockmeyer
245 S. Los Robles, Pasadena co-ceo, president
Suite 105 Pasadena 1/2 (626) 799-7000
91102
boltonco.com
13 Sander A. Kessler & N/A Steven K. Kessler
Associates Inc. (13) Santa Monica ceo
2850 Ocean Park Blvd., 1/1 (310) 309-2200
Suite 200 Santa Monica
90405
sanderkessler.com
14 Armstrong/Robitaille Union Bank of Paul Furlong
Business & Insurance California area president
Services (14) Fullerton (818) 662-4200
535 N. Brand Blvd., 1/4
10th and 11th Floors
Glendale 91203
arinsurance.com
15 GNW-Evergreen N/A Andrew Forchelli
Insurance Services Encino coo
16030 Ventura Blvd., 1/1 (818) 257-7400
Suite 500 Encino 91436
gnw-eg.com
N/A--Not Applicable
(1) In millions.
Note: The information on this list was supplied by representatives of
the brokerages themselves. Brokerages are ranked by 2005 L.A. County
revenues from insurance brokerage services. Numbers that appear to be
tied have been rounded.
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] 2006 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
|
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion