Pacific Risk Management, of Salem, Oregon, joined the Leavitt Group in January, 2004. Doug Smith and Brett Steagall are the co-owners and managers of Pacific Risk. Doug Smith started Pacific Risk from scratch in 1995. As his agency grew, other insurance professionals joined the agency, adding several books of business to his operation.
Smith notes a few reasons for affiliating with the Leavitt Group. One was to give Brett Steagall an opportunity to have ownership in the agency. This also provided an eventual perpetuation solution for Smith. In addition, Smith notes enhanced market access as an important reason for joining the group.
Pacific Risk also acquired the book of business of Capitol Insurance Center. Capitol Insurance Center, also located in Salem, was previously owned by Zarosinski-Leavitt Insurance Agency in Portland. The three insurance professionals working in the Capitol Insurance office are now part of Pacific Risk and have helped transition the agency’s books of business. The office has nine insurance professionals servicing accounts and managing the agency. Because of its continued growth and success, the agency will move to a new office location this month.
Pacific Risk Management focuses on agricultural business. After purchasing the agency in Salem, they now write all lines of business, but maintain their agricultural focus.