Bonneville Brokers Inc., based in Murry, has merged with Salt Lake City’s American Insurance & Investment Corp, a 50-year-old agency that specializes in personal and commercial property and casualty insurance. American Insurance, with 30 employees, will absorb Bonneville’s six employees.
This is the third transaction for American Insurance, which also purchased L.R. House Insurance Agency in Las Vegas and the Aird Insurance Agency in Salt Lake City.
The Bonneville book of business will bring an additional $4 million in premium volume to American Insurance, which boasts between $31 million and $32 million in premium.
Banks Still Face Legal Claims After $25 Billion Settlement
MF Global Judge to Examine Insurance Payments for Former Executives
Daredevil CEOs May Put Companies at Risk
California Independent Contractor Law May Be Liability for Agents, Brokers
North Carolina Continues Auto Regulation Debate As Rates Stay Same for 2012
Long-time California Lobbyist Looks to 2012 Legislation Affecting Insurance
Mine Safety Chief Seeks to End Complacency Over Safety
Virginia Court Grants Rehearing of Global Warming Claims Case
