Higginbotham is an independent insurance brokerage firm founded in 1948 that provides businesses and individuals with insurance, financial services, risk management and employee benefit services.[1]
 | A major contributor to this article appears to have a close connection with its subject. (April 2017) |
| Company type | Private |
|---|---|
| Industry | Insurance broker and service provider |
| Founded | 1948 |
| Headquarters | Fort Worth, Texas United States |
Number of locations | 87 offices in 16 states (2023) |
Area served | Alabama, Arkansas, Arizona, California, Colorado, Florida, Georgia, Kentucky, Louisiana, Mississippi, Missouri, New Mexico, Ohio, Oklahoma, Tennessee, Texas |
Key people | President/CEO Rusty Reid |
| Services | Insurance, Financial and HR Services |
| Revenue | $450 million (2022) |
Number of employees | 2,700 (2023) |
| Website | www |
In addition to its headquarters in Fort Worth, Texas, Higginbotham operates in more than 87 offices in 16 states across the U.S. with approximately 2,700 employees. Higginbotham is ranked in the top 20 largest independent insurance brokerages in the U.S and is the largest based in Texas by revenue.[2]
History
Summarize
Perspective
Paul C. Higginbotham founded his namesake agency in 1948 after returning from military service in World War II. It started as a small personal insurance brokerage firm in Paul’s Riverside neighborhood of Fort Worth, Texas.
Paul’s nephew, Bill Stroud, purchased the agency in 1962 from his aunt who inherited it when Paul died. Between 1968 and 1983, the firm moved four times to more central locations in Fort Worth to attract an increasingly diverse clientele.
In 1986, Bill hired Rusty Reid from American General Fire and Casualty Company to broker commercial insurance at Higginbotham. Three years later, Rusty became president and CEO at age 27. He implemented an employee ownership model to engage and reward employees in the company’s growth and established the firm’s Financial Services division to begin offering employee benefits.[3]
Higginbotham’s first geographic expansion occurred in 1998 with the opening of a second office in Dallas and was followed by several others in North and Central Texas. Then in 2007, the firm initiated an aggressive growth strategy, merging with like minded independent agencies that support its business model. As of 2023, Higginbotham has expanded its footprint to more than 87 offices spanning the U.S.[4]
Products and services
Locations
Alabama
- Mobile
Arkansas
- Jonesboro
Arizona
- Scottsdale
California
- Beverly Hills, Irvine, Sherman Oaks
Colorado
- Colorado Springs, Lakewood
Florida
- Pensacola
Georgia
- Albany, Alpharetta, Atlanta, Macon, Marietta
Kentucky
- Louisville
Louisiana
- Baton Rouge, Bossier City, Lafayette, Lake Charles
Mississippi
- Brookhaven, Hazelhurst, McComb, Ridgeland
Missouri
- Branson, Springfield
New Mexico
- Albuquerque, Las Cruces
Ohio
- Avon, Sidney
Oklahoma
- Oklahoma City, Tulsa
Tennessee
- Chattanooga, Knoxville, Lebanon, Memphis
Texas
- Arlington, Austin, Brownsville, Brownwood, Bryan, Cleburne, College Station, Corpus Christi, Cypress, Dallas, Ennis, Fort Worth, Friendswood, Granbury, Houston, Lubbock, Lufkin, McAllen, McKinney, Midland, Montgomery, Mount Pleasant, North Richland Hills, Odessa, Plainview, Plano, Port Arthur, Richardson, Portland, San Antonio, Sherman, Texarkana, Tyler, Universal City, Victoria, Waco, Weatherford, Wichita Falls[5]
Mergers and acquisitions
- 2023 Iscential
- 2023 Doherty, Duggan, Hart & Tiernan Insurors
- 2023 Professional Liability Insurers, Inc.
- 2023 Cress Insurance Group
- 2022 TrustStar Insurance Services
- 2022 Connell Insurance
- 2022 Holman and Company
- 2022 Brown & Company
- 2022 Mathis, Tibbets & Mathis
- 2022 PMG Benefits Consulting
- 2022 BenefitU
- 2022 Lyon Fry Cadden Insurance
- 2022 Insurance & Risk Managers
- 2022 WhitneySmith Company
- 2022 J.M. Insurance Agency
- 2022 The Underwriters Group, Inc.
- 2021 Financial Benefit Services
- 2021 MGM Benefits Group
- 2021 Haik Insurance
- 2021 Mike Knotts
- 2021 Vaughan Insurance Group
- 2021 Six & Geving Insurance
- 2021 Lipscomb & Pitts Insurance
- 2020 Brisky & Perez Insurance Agency
- 2020 Paradigm Strategic Insurance Services, LLC
- 2020 The Gilbert Group
- 2020 Pat Campbell Insurance
- 2020 Borden Insurance
- 2020 Ascend Insurance Brokerage
- 2020 Amerman Insurance Services
- 2019 Diversified Insurance Management
- 2019 Resource Alliance
- 2016 Davis Insurance Agency
- 2016 AmeriCap Insurance Group
- 2016 Capps Insurance Agency
- 2016 Joe N. Pratt Insurance
- 2015 Commercial Global Insurance
- 2015 Mark Conner HOA Group
- 2015 Aycock & Fowler
- 2014 Willis of Texas
- 2014 Edgmon Insurance
- 2014 Talon Insurance Agency
- 2013 Safe Harbor Benefits
- 2013 Capital Benefits Group
- 2013 Chapman Schewe
- 2012 Coastal Insurance Group
- 2012 BenefitSpecialists
- 2012 Byron Johnson Group
- 2010 Swantner & Gordon
- 2010 William Gammon Insurance
- 2010 The Essential Insurance Group, LLC
- 2009 Sunbelt Insurance Agency
- 2009 McKinney Insurance Group
- 2008 Allred-Thompson-Mason-Daugherty
- 2008 Madison Benefits Group
Community involvement
The Higginbotham Community Fund is a donor advised fund that was created in 2010 in partnership with the North Texas Community Foundation. Grants are distributed to nonprofits throughout Texas that are recommended by employees and selected by a Higginbotham advisory committee.[6] The fund is financed by employee donations and pledges with a corporate matching component. As of 2023, the fund has raised $5,697,070 through employee and company contributions and given 1,839 grants totaling $4,508,877.
Honors and awards
- Higginbotham has been recognized as an A+ accredited business by the Better Business Bureau of Fort Worth since March 1, 1990[7]
- Rank #31 in the Business Insurance 2016 list of 100 Largest Brokers of U.S. Business based on 2015 revenue[2]
- Rank #33 of the largest U.S. employee benefit brokers in a list published by Employee Benefit Advisor and Employee Benefit News[8]
- Rank #24 in the Insurance Journal 2016 list of the top 100 property/casualty agencies[9]
- Rank #10 in the Business Insurance 2013 Best Places to Work in Insurance[10]
- April 2011 Rough Notes Marketing Agency of the Month[3]
- Higginbotham was one of 35 independent brokers featured on the 2014 inaugural list of Elite Agencies published by Insurance Business America[6]
- 2014 Best Agency to Work For – South Central by Insurance Journal[11]
- 2015 Dallas Business Journal Best Places to Work in DFW[12]
- 2015-2016 Dallas Business Journal Healthiest Employers in North Texas[13][14]
- 2015-2016 Austin Business Journal Healthiest Employers of Central Texas[15][16]
- 17th Best Company to Work for in Texas in the large employer category of a list published by Best Companies Group in 2016[17]
- Named a Platinum Level Fit-Friendly Worksite by the American Heart Association of Tarrant County in 2015 and 2016[18]
- Received the Worksite Innovation Award from the American Heart Association of Tarrant County for our wellness program in 2016[18]
References
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