Company Research Report
Company Overview
Name:
Towne Insurance Agency
Mission of the Company:
"We believe in a member-centric approach that empowers our risk advisors to build lasting relationships with the businesses, families, and communities we serve."
Founded:
No information is available
Founders:
No information is available
Key People:
- W. Douglas Russell: President, Chief Executive Officer
- Mindy Capaldo: Senior Vice President, Director of Personal Lines Operations
- Boyd Griffin: Executive Vice President, Chief Financial Officer
- Brad Moses: President, Risk Management & Consulting
- Suzanne O'Keefe: Executive Vice President, Chief Growth Officer
- Chris Rogerson: Executive Vice President, Chief Operating Officer
- Tammy Stewart: Senior Vice President, Director of Commercial Lines Operations
- Wanda Toro: Senior Vice President, Director of Business Technology
Headquarters:
Norfolk, Virginia
Number of Employees:
No information is available
Revenue:
No information is available
Known For:
Tailor-fit insurance solutions for personal, commercial, and benefits needs through a member-centric approach. Recognized as one of the nation’s top insurance and risk management firms.
Products
Categories of Products Offered:
1. Personal Insurance Products:
- Home: Protection from fire, flood, theft, and more.
- Auto: Coverage for cars, motorcycles, RVs, and more.
- Umbrella: Additional coverage to protect assets and future.
- Life: Policy to fulfill promises to descendants.
- Health: Expected and unexpected health events.
- Others: Identity protection, collectibles, valuables, and more.
2. Business Insurance Products:
- Property: Coverage for building damages due to fire, theft, burglary, etc.
- General Liability: Broad coverage for various types of commercial liability.
- Auto: Commercial vehicle insurance.
- Workers’ Compensation: Coverage for employee incidents.
- Cyber Liability: Protection from data breaches and cyber threats.
3. Employee Benefits:
- Health: Comprehensive health insurance packages.
- Dental: Coverage for dental care.
- Vision: Plans for eye care.
- Life Insurance: Policies for employees.
- Disability: Coverage for loss of income.
4. Consulting Services & Resources:
- Risk Assessment and Management Plans: Aim to identify and mitigate risks.
- Educational Materials: Informed literature to understand insurance products better.
- Safety Training: Procedural and operational safety measures.
High-Level Product Descriptions and Key Features:
- Home Insurance: Comprehensive protection from various hazards affecting residential properties.
- Auto Insurance: Essentials plus additional protections for personal and recreational vehicles.
- Business Owners Policy: Combines property and liability insurance tailored for business needs.
- Cyber Liability: Protection against data breaches, cyber attacks, ensuring the company’s digital security.
- Employee Health: Ensures full-spectrum health coverage including dental, vision, and life insurance plans.
Recent Developments
Recent Developments:
- Towne Insurance Ranks Number 54 Among Top 100 Brokers Of U.S. Business: Towne Insurance rose three spots in the annual ranking by Business Insurance magazine (August 1, 2024).
- Acquisition of Manry Rawls Insurance: Towne Insurance acquired Manry Rawls Insurance, expanding its coverage and expertise in Franklin, Virginia (February 6, 2023).
New Products Launched:
No information is available
New Features Added to Existing Products:
No information is available
New Partnerships:
No information is available
