During an April get-together of Virginia insurance agents, the owner of one firm stood up and implored his peers to stand firm against banks and other acquirers.

"He was preaching that we've got to remain independent," recalled Richard L. Meador, president and CEO of Barger Insurance Network, Waynesboro, Va., who attended the meeting.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.