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Rising healthcare rates, insurance for corporate directors and officers and disaster policies drove revenue growth for Orange County’s insurance brokerages last year.
But a slower economy,thanks to the recent subprime mortgage crash,has many bracing for a squeeze next year.
The 20 biggest brokerages in OC posted a 7% jump in local revenue to $455.5 million for the 12 months ended June 30, according to this week’s Business Journal list, which ranks brokerages by revenue.
Three on the list were estimates.
Brokerages grew their property and casualty brokers here by 2% during the past year to 338 people. The companies saw a 2% decline in benefits brokers to 248 people. The number of support staff workers grew 3% to 1,016 people.
New York-based Marsh
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