Pennsylvania-based Element Risk Management has acquired two Pennsylvania insurance agencies and another in Virginia,
The Pennsylvania agencies are W.S. Hoffman Insurance located in Phoenixville, and L&B Insurance and Financial Services, located in Collegeville. Element Risk also acquired Stoneburner-Carter Insurance, located in Front Royal, Virginia.
W.S. Hoffman Insurance Agency has been serving the five-county area surrounding Phoenixville for more than 50 years. The agency has been run for 25 years by Donald Diianni.
L&B Insurance and Financial Services was established by Jerry Lynam in 1994 and serves the Collegeville and surrounding areas.
Stoneburner-Carter Insurance was established in 1985 and is a three-generation family firm.
Terms were not disclosed.
Element Risk is an independent insurance agency with 17 locations across Pennsylvania, Virginia and Maryland.
Was this article valuable?
Here are more articles you may enjoy.
How Niche Insurance Shielded Bad Bunny From Bad Weather 
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Nationwide: Consumers Say Insurance Should Evolve for Micromobility Vehicles 
Four Georgia Troopers Fired in Vehicle Pursuit-Insurance Scheme 
