N.J.’s Consolidated Insurance Agents Adds 2 Agencies to Network

Consolidated Insurance Agents, an exclusive network of independently owned and operated insurance agencies in New Jersey, said it added two new agencies to its network in May.

BCG Advisors Inc. of Jersey City and Alamo Insurance Group of Newark have joined the network. It now has 24 agencies with 26 locations in 12 counties in the Garden State.

Consolidated Insurance Agents grew network premium by more than 10 percent to over $150 million in 2011, its first full year of operation. Consolidated Insurance Agents was formed in early 2010 by three multi-generation insurance agencies. It is licensed by the states of New Jersey, Pennsylvania and New York.

The agencies say the model allows agents to maintain independence, share services and cut operating costs while freeing-up principals and producers to allow them to concentrate on acquiring new business, retaining clients and increasing revenue.