CAA's Energy Market Spikes in the First Quarter

AUSTIN, Texas, June 27, 2011 /PRNewswire/ -- Combined Agents of America, LLC (CAA) today reported first quarter growth by over 87 percent in its written energy-related premiums with Travelers Insurance due in part to new technology, the expanding energy sector and new companies entering the business.  So far this year, wide growth in this sector is shared by many of our 47 member agencies located in Oklahoma, Kansas, and Texas. Austin-based CAA is a managing general agency (MGA) committed to further expansion across the country to strengthen the independent insurance agency system through profitable growth and exceptional service for its member agencies.

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"Our oil and gas book of business continues to boom because of the steep price tag on a barrel of oil, business from other markets moving into energy, and the development of new reservoirs by the oil industry," says David Mims, CIC, CEO of Mims & Smith Insurance Associates and CAA member.  

"We at CAA are writing more energy business because of recent leaps in technology which allows operators to increase their production through techniques like horizontal drilling and other fracking technology," said Denny Bryan, CEO of Bryan Insurance Agency and CAA member. "Growth is also stemming from the price oil lease operators are getting on their oil and gas production."

Based on trends thus far, CAA expects more growth in second quarter 2011.  

About Combined Agents of America, LLC

Founded in 1997, Combined Agents of America, LLC (CAA) is based in Austin, Texas, and is comprised of 47 independent insurance agencies located throughout Texas, Oklahoma and Kansas. By funneling the agencies' combined premiums, CAA brings larger volume commitments to insurance companies, while empowering its members to realize greater benefits from insurance companies, vendor discounts and other incentives. In 2009, CAA generated over $411 million in combined property and casualty annual premiums, and works with 18 of the largest insurance companies in the nation. All CAA member agencies remain independent and are recognized by insurance companies as a key component to their future growth and goal commitments. Additional information is available at www.combinedagents.com.

CAA member agencies include: Aars & Nelson Insurance Agency, Barnard Insurance Agency, Bartlett, Baggett & Shands, Benchmark Insurance Group, Benton-Luttrell-Brown Company, Bigham-Kliewer-Chapman-Watts Insurance Agency, Bibby-Brilling & Associates, BRIA Insurance & Risk Consultants, Bridges Group Inc., Bosworth & Associates, Bryan Insurance Agency Ltd., Brownrigg Insurance Agency Inc., Cravens-Warren & Co., Crockett Insurance Service, Duncan-Fraser & Bridges Insurance Agency Inc., Ed Berrong Insurance Agency, Ed Weeren Insurance Agency Inc., EFGI Insurance & Bonds LLC, Elliott Insurance Group, Evans-Ewan & Brady Insurance Agency Inc., First Insurance Services, First Texas Insurance Services LC, Henry Norris Insurance Agency, Inc., HC&H Insurance Group, Garrett Insurance Agency, Inc., GBS Insurance Agency Inc., Grona Boles Martin & Bloxsom Insurance, Hill County Insurance Agency, Insurance Associates of Texas, Insurance Net Inc., JHC Insurance Agency Inc., J. S. Edwards & Sherlock Insurance Agency, Lake Insurance Agency, Inc., McCorkle Commercial Insurance Agency, Mims & Smith, Mr. Insurance Agency, Inc., Pierson-Fendley Insurance, Pinnacle Insurance Group Inc., Porter Insurance Agency Inc., Purifoy & Company, The Shropshire Agency Inc., Siegeler Insurance Agency, Inc., Walthall-Sachse & Pipes, Inc., The Weatherby-Eisenrich Inc., Wellmann Insurance Agency, Inc., Western Insurance Agency, and Whorton Insurance Services.

Press Contact:
Courtney R. Holder
Tel: (512) 627-0779
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SOURCE Combined Agents of America, LLC