Pennsylvania-based Element Risk Management has acquired two Pennsylvania insurance agencies and another in Virginia,
The Pennsylvania agencies are W.S. Hoffman Insurance located in Phoenixville, and L&B Insurance and Financial Services, located in Collegeville. Element Risk also acquired Stoneburner-Carter Insurance, located in Front Royal, Virginia.
W.S. Hoffman Insurance Agency has been serving the five-county area surrounding Phoenixville for more than 50 years. The agency has been run for 25 years by Donald Diianni.
L&B Insurance and Financial Services was established by Jerry Lynam in 1994 and serves the Collegeville and surrounding areas.
Stoneburner-Carter Insurance was established in 1985 and is a three-generation family firm.
Terms were not disclosed.
Element Risk is an independent insurance agency with 17 locations across Pennsylvania, Virginia and Maryland.
Was this article valuable?
Here are more articles you may enjoy.
Florida, Louisiana Insurer Safepoint Reveals 97% Revenue Surge in IPO filing 
Most Are Overcharged for Property Insurance, Vanderbilt Study Says 
Health Officials Downplay Pandemic Risk From Cruise Hantavirus Outbreak 
Travelers: Aging Workforce, New Employees Drive Complexity in Injury Claims 
