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The Insurance Group expands


The Insurance Group LLC recently merged with Lebo-Truesdel Insurance Agency, Neil Zabo, chief manager of The Insurance Group, announced at a press conference Friday, Jan. 14.

Zabo said, “This merger presents a win-win situation for our customers and all involved in these two companies.”

Although the merger took place Jan. 1, Rick Lebo and Dave Truesdel, who have more than 70 years of experience in the insurance business between them, officially moved into their offices this week. All of the current associates will leave the former office on Wellington Drive in West Knoxville and join the two men at The Insurance Group. The business telephone number will remain the same.

Formerly Insurance Administrators, Inc., The Insurance Group, which is owned by Horne Properties Inc., began in June 1996 after the purchase of Wood Insurance Agency of South Knoxville and The Copeland Agency in West Knoxville.

Horne Properties Chairman “Doug (Horne) saw this merger as a great opportunity for the company and he decided to act upon it,” Zabo said.

The Insurance Group LLC specializes in automobile, home, business and commercial insurance. Lebo-Truesdel brings several commercial accounts to the group.

“We have one account in the energy industry that has more than 22,000 customers,” Lebo said, adding that the agency will bring a great deal of diversity to The Insurance Group.

“We do business primarily in the state of Tennessee, but we have customers from 43 states,” Lebo said.

As independent agents, The Insurance Group LLC represent companies that are willing to meet its customers’ individual needs. Some of the companies represented in the group are Chubb, Travelers, Allied, Progressive and Safeco insurance agencies to name a few.

“The Chubb Group of Insurance Companies has a program called the ‘masterpiece’ that is specifically designed for upscale, higher value, luxury homes,” Truesdel said. “We would like to market this product to customers who are in need of this type of plan.”

The Insurance Group LLC will be launching a new division within the company this spring called the Prestige Insurance Company. The focus of this group will be to combine insurance with financial planning.

“We will be targeting customers who want to insure the finer things in life as well as suggest the services of Raymond James Financial Services,” Zabo said. “We will offer a full array of services to our customers presenting a stronger sense of security with their insurance and financial needs.”

The Insurance Group LLC is open from 8 a.m. to 5 p.m., Monday through Friday, with offices at 412 N. Cedar Bluff Road.

 

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