Biggs Insurance coverage Providers, a three-generation family-owned insurance coverage firm based mostly in downtown Vancouver, was offered to California’s Alliant Insurance coverage on Wednesday.
Wealthy Biggs, former majority shareholder and CEO, stated the corporate will feel and appear comparatively comparable after the buyout. Nearly all staff will keep in the identical constructing, the Biggs Insurance coverage identify will proceed and Biggs, 55, will proceed to run the native workplace as Senior Vice President at Alliant.
“We’re nonetheless Biggs, we’re nonetheless a part of the group, we’re simply increasing our capabilities with a nationwide platform to function from,” he stated.
Alliant, headquartered in Newport Seaside, Calif., Is a privately held firm, roughly 53 p.c owned by staff. It has about 120 branches and operates in many of the states. Biggs Insurance coverage was one of many largest regionally owned, impartial insurance coverage businesses in Clark County, working out of its 916 Major St. workplace. It employs 54 individuals.
“Biggs has a protracted and confirmed historical past of mixing excellent service with a broad and intensive portfolio of insurance coverage services and products,” stated Tom Corbett, Chairman and CEO of Alliant in a press launch on Thursday. “It will additional improve our means to supply purchasers throughout the Pacific Northwest tailor-made options that take note of all features of their threat profile.”
Biggs Insurance coverage will proceed to sponsor many native occasions and can proceed to be deeply concerned in native philanthropic causes, Biggs stated.
“It is going to enable me to do extra,” he stated. “It offers me the liberty to do extra with group and repair organizations just like the Rotary Membership of Vancouver. You will not see a lot of a change in group engagement. It is a part of us. It’s a must to give one thing again to the group that made you what you’re. “
Wealthy’s father, Don Biggs, joined the Whitfield Firm in 1953, acquired possession in 1967 and adjusted the identify to Don Biggs & Associates in 1970. In 1988 he offered the company to his companions and the company grew to become Biggs Insurance coverage Providers. Wealthy joined the company in 2000, his brother Invoice joined the company in 1990 and retired in 2018. Wealthy’s son Nolan Biggs, 26, additionally works for the corporate.
Will Campbell: will.campbell@columbian.com; 260-735-4507
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