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BAN adds three insurance agencies to national network

IBR Staff Writer Published 09 March 2011

Benefit Advisors Network (BAN) has added Lipscomb & Pitts Insurance of Tennessee, TIS Insurance Services in Tennessee and Sequoia Benefits in California into its national network of elite employee benefit brokerage and consulting firms.

Admission to BAN designates the added firms as the benefit advisory company in their respective regions.

Founded in 1954, Lipscomb & Pitts Insurance has become the largest privately-held agency in the Mid-South US. With about 30% of their overall business stemming from employee benefits, their producers focus on group, voluntary, and retirement plans.

TIS Insurance specializes in the construction and health care industries, providing property and casualty coverage, as well as employee benefits to customers in Knoxville and East Tennessee regions. They are also growing their business in the physicians market with several large groups.

Sequoia Benefits is a benefits broker and consultant company operating in Northern California, predominantly in the San Francisco Bay Area. In 2008, Sequoia added a new 401K product to the traditional health benefit offering and in 2010, added a property & casualty line.

BAN Director Deane Elek said Benefit Advisors Network provides its Smart Partners with an ability to compete on a national scale, giving them the capabilities and resources of a national organization that enhances their service and product offerings.

"On the other hand, the second significant advantage of BAN is that our members have an understanding of what local employers need and want," Elek said.