Wednesday, November 16, 2011

Ohio-based Dumbaugh Insurance Agency Taken Over by Pennsylvania-based Keystone Insurers Group

Northumberland, Penn.-based keystone insurers Group has added a new franchise partner in Mount Vernon, Ohio. Dumbaugh Insurance Agency has become Keystone’s 28th franchise partner in Ohio.

Keystone stated that through the new partnership, Dumbaugh Insurance Agency will now have more resources of a large brokerage firm and yet still remain independently owned and managed.

The 72-year old Dumbaugh Insurance Agency offers personal, commercial and employee benefit products in seven states.

A group of independent agencies founded Keystone Insurers Group in 1983, 28 years ago.  It is owned by several franchise partners and employees in Pennsylvania, North Carolina, Virginia, Indiana, Ohio, Kentucky and Tennessee. Each of these partners is an independent agency.
In 2003, Keystone expanded outside of Pennsylvania into the state of North Carolina. Due to its success, KIG further expanded to Virginia in 2005, and to Indiana in 2006. KIG has very aggressive plans for expansion into several other states.
Today, Keystone continues to prosper through maximizing its sales volume. It attains this by enhancing business reputations in their communities by means of adding services that stand alone Independent Insurance Agencies are unable to duplicate.

Keystone, with its property/casualty premiums exceeding $1.4 billion, ranks fifth on Insurance Journal’s 2011 list of privately-held property/casualty agencies.

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