Shepherd Insurance announced it has expanded its footprint in Indiana by acquiring a pair of agencies.
Shepherd recently acquired Indianapolis-based Capitol Insurance Group.
Founded in 1981, Capitol Insurance Group is a family-owned, Indianapolis-based agency known for delivering customized insurance and risk management solutions to businesses, churches & nonprofits, and individuals. Through this partnership, Capitol clients will continue working with the same trusted local team, now supported by Shepherd Insurance’s expanded resources, broader carrier relationships, and additional expertise.
The addition of Capitol Insurance Group broadens Shepherd’s reach in Indianapolis while bringing a unique specialization in church and nonprofit insurance that complements its existing capabilities.
Shepherd has also acquired Cox & Kimball Insurance, based in Bedford.
Founded on a service-first philosophy, Cox & Kimball brings decades of industry experience and long-standing client relationships to the Shepherd team. As part of this partnership, the Cox & Kimball team will join Shepherd Insurance’s Bedford location.
The acquisition holds special significance as founder Dave Shepherd was born in Bedford, making the continued growth of the company’s presence in the community particularly significant.
Shepherd is an independent insurance agency serving clients across multiple states, with a focus on delivering customized coverage solutions backed by responsive, relationship‑driven service.
The Pennsylvania Insurance Department (PID) is touting its success in growing the insurance agent workforce in the state.
Over the last three years, the state has made entry for new insurance agents into the insurance industry faster, while also encouraging a new generation of individuals to consider a career in insurance, PID says.
In 2023, the state eliminated various licensing fees and reduced agent application review times from 20 days to under eight days. PID claims that since this streamlining of credentialing for those seeking a career in insurance, 33,000 qualified licensees have joined the workforce.
The following year, PID worked with the General Assembly on bipartisan legislation (Act 142 of 2024) to remove pre-licensing education requirements for first-time insurance agent applicants. PID says this also removed financial barriers for future agents.
“PID remains committed to encouraging careers in insurance and smoothing entry points into the insurance workforce,” said Pennsylvania Insurance Commissioner Michael Humphreys. “Slashing application wait-times and removing licensing fees have allowed the industry to gain thousands of trusted insurance agents that are ready and willing to assist Pennsylvanians with their insurance needs.”
