Montana-Based Agencies See Growth in Payne Financial Group

December 4, 2001

Montana International Insurance, select divisions of Terry Payne & Co., and Hoiness LaBar Insurance formed Payne Financial Group in January 2001 to offer a broader portfolio of services to their clients.

Payne Financial Group now serves a client base that generates in excess of $100 million in annual premiums. The company has 185 employees, many of whom are shareholders, and ranks among the top 50 independently owned insurance agencies in the United States.

The firm provides commercial and personal insurance, surety bonds, employee benefits and financial services. It has also developed new “specialty practices” providing risk management expertise to specific industries, including the technology and hospitality fields.

The member agencies continue to use their existing names, along with the Payne Financial Group brand, in communities they have served for decades across Montana and northern Wyoming.

Payne Financial Group has offices in 13 communities across the region. Its Missoula office serves as the corporate headquarters. Hoiness LaBar, which has served Billings since 1921, has a branch office in Bozeman and affiliates in Cody and Worland, Wyoming. Montana International is represented in Helena, Missoula, Great Falls and Butte. The firm’s other offices are in Shelby, Conrad, Choteau, Cut Bank and Kalispell.

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