Higginbotham Insurance & Financial Services

Higginbotham
Private
Industry Insurance broker and service provider
Founded 1948
Headquarters Fort Worth, Texas
United States
Revenue $132 million (2015)
Number of employees
 800 (2016)
Website www.higginbotham.net

Higginbotham is an independent insurance brokerage firm founded in 1948 that provides businesses and individuals with insurance, risk management and employee benefit services.[1]

In addition to its headquarters in Fort Worth, Texas, Higginbotham operates more than 20 offices across the state with approximately 800 employees. The firm ranks as the nation’s 31st largest independent insurance brokerage firm based on 2015 revenue.[2]

History

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 statewide growth strategy, merging with likeminded independent agencies that support its business model. Through mergers, Higginbotham has expanded its footprint to more than 20 offices spanning Texas.[4]

Of the 100 largest brokers of U.S. business, Higginbotham is the largest based in Texas by revenue.[2]

Products and services

Locations

Mergers and acquisitions

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.[5] The fund is financed by employee donations and pledges with a corporate matching component. As of August, 31 2016, the fund has raised $1,038,613 through employee donations and pledges and granted $764,946.

Honors and awards

References

  1. ↑ "Company Overview of Higginbotham & Associates LLC". Bloomberg Businessweek.
  2. 1 2 3 100 Largest Brokers of U.S. Business
  3. 1 2 "Rough Notes Benefits Report". Rough Notes. April 2011.
  4. ↑ "Best Agency to Work For – South Central". Insurance Journal. October 6, 2014.
  5. 1 2 "Elite Agencies". Insurance Business America. June 2014.
  6. ↑ "BBB Business Review". Better Business Bureau.
  7. ↑ "The 50 biggest benefit brokerages in the large-group market". Employee Benefit Adviser. October 12, 2016.
  8. ↑ "Top 100 Property/Casualty Agencies". Insurance Journal.
  9. ↑ "2013 Best Places to Work in Insurance". Business Insurance.
  10. ↑ "Best Agency to Work For – South Central". Insurance Journal. October 6, 2014.
  11. ↑ "Announcing the 2015 Best Places to Work in North Texas - Dallas Business Journal". Dallas Business Journal. Retrieved 2016-10-19.
  12. ↑ "Announcing the 2015 Healthiest Employers in North Texas". Dallas Business Journal. February 12, 2015.
  13. ↑ "The 2016 Healthiest Employers in North Texas - Dallas Business Journal". Dallas Business Journal. Retrieved 2016-10-19.
  14. ↑ "Central Texas' healthiest employers of 2015". Austin Business Journal. April 8, 2015.
  15. ↑ "Austin Business Journal reveals 2016 Healthiest Employers of Central Texas - Austin Business Journal". Austin Business Journal. Retrieved 2016-10-19.
  16. ↑ "2016 "Best Companies to Work for in Texas"". bestcompaniestx.com. Retrieved 2016-10-19.
  17. 1 2 "Fit-Friendly Worksites Honor Roll". www.heart.org. Retrieved 2016-10-19.
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