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Two legacy insurance firms in North Texas have joined forces.
Higginbotham, one of the largest independent insurance, financial and HR services firms in the country, announced on Thursday that it formed a “strategic alliance” with Marshall Young Insurance of Cleburne.“At Higginbotham, we are invested in the long-term success and health of each individual client," said Higginbotham Chairman and CEO Rusty Reid in a statement. "We look for partners who share that commitment, and Marshall Young Insurance is right at the top of the list. Their ability to provide targeted services and specialized solutions for each client's unique needs is unparalleled.”
Marshall Young, who died in 1996, was a member of the Cleburne High School Class of 1952. After college and a stint in the armed services, Young taught briefly in the Cleburne school district before going into private business. He founded the firm in 1965. His brother Bill joined him there.
The Young family sold the firm to Jon Lee. Today, Marshall Young Insurance brings insurance solutions to a wide range of personal and commercial clients.
At the Young firm, focused teams share specialized expertise with niche industry clients such as restaurants, propane and fuel dealers, pest control, childcare centers, churches, golf courses, convenience stores, contractors, warehouses, and logistics operations.
The firm even provides an exclusive program for underground fuel storage for gas stations.
“We looked at several top agencies and the more we peeled back the layers, the more we found we weren't like them,” Lee said. “But then we got to know Higginbotham and found their culture and values aligned perfectly with ours. It even turns out we're both members of the Entrepreneurs' Organization Fort Worth.”
The collaboration with Higginbotham provides Marshall Young Insurance with access to value-added resources such as improved loss control, better claims service and contract review. Higginbotham calls these Day Two Services.
“Higginbotham's financial services teams and unique Day Two Services give us the ability to better serve our clients," Lee said. “And the time they give us by taking over so many back-office tasks is even better. That's time we take to pour right back into our client relationships.”