CLB&T Insurance and Financial Services

Name

CLB&T Insurance and Financial Services

Legal name

CLB & T Insurance & Financial Services, Inc.

Website

https://clbtins.com

Company type

Private

Operating status

Operating

Ownership category

akta.pro rank

Product category

Independent Insurance Agency Services

NAICS

Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Mid-Market Commercial Package (Package Policies) (FSAJAFAB)

akta.pro secondary industry

Hired & Non-Owned Auto (FSAJABAE)

Keywords

• Independent insurance agency
• Personal lines insurance
• Commercial insurance brokerage
• Farm insurance coverage
• Life and health insurance

Headquarters

HQ city

Clear Lake

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Commission Revenue: As an independent insurance agency, CLB&T earns commissions from insurance carriers for policies sold and renewed. Revenue is generated through commissions on auto, home, life, health, farm, commercial, and long-term care insurance policies.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

CLB&T Insurance and Financial Services is an independent insurance agency that sells and services personal and commercial insurance policies through 14 top-rated carriers, including auto, home, business, health, farm, and life insurance. It provides quoting, policy placement, and ongoing servicing for individuals, families, small-to-mid-sized businesses, contractors, truckers, and farm operations across North Iowa.

Product overview

CLB&T Insurance and Financial Services, Inc. is a local, multi-line independent insurance agency that provides numerous insurance products across six core lines: Auto Insurance (covering personal autos, motorcycles, snowmobiles, waverunners, and boats), Home Insurance (home, renters, rental home, rental condo, and manufactured home), Business Insurance (commercial auto, business property, general liability, workers compensation, inland marine, and commercial umbrella), Health Insurance (individual, small group, Medicare supplement, disability, and long-term care), Farm Insurance (auto, farm vehicles, trailers, machinery, outbuildings, livestock, and liability), and Life Insurance (term life, whole life, universal life, estate planning, buy/sell agreements, key person insurance, and annuities). As an independent agency, they work with multiple top-rated insurance companies to find the right coverage and rates for customers.

Differentiator

Problem solved

Functional benefit

Products and services

• Auto Insurance
• Home Insurance
• Business Insurance
• Health Insurance
• Farm Insurance
• Life Insurance

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

14 partnerships are on record, tiered core.

• Auto-Owners InsurancecoreChannel Partner/ Reseller/ DistributorInsurance carrier providing auto, home, and related insurance products. CLB&T sells Auto-Owners policies and offers online claims service and bill pay through the carrier.
• AAAcoreChannel Partner/ Reseller/ DistributorInsurance carrier providing auto and related insurance products through CLB&T agency.
• AcuitycoreChannel Partner/ Reseller/ DistributorInsurance carrier providing commercial and personal insurance products. CLB&T sells Acuity policies with online claims and payment options.
• American National Life InsurancecoreChannel Partner/ Reseller/ DistributorLife insurance and related products carrier represented by CLB&T for life, disability, and annuity products.
• Banner Life InsurancecoreChannel Partner/ Reseller/ DistributorLife insurance carrier providing term and other life insurance products through CLB&T agency.
• Mutual of OmahacoreChannel Partner/ Reseller/ DistributorInsurance and financial services carrier providing life, health, and related products through CLB&T.
• North Star MutualcoreChannel Partner/ Reseller/ DistributorMutual insurance company providing property and casualty coverage through CLB&T agency.
• Principal Financial GroupcoreChannel Partner/ Reseller/ DistributorFinancial services and insurance carrier providing retirement, life insurance, and related products through CLB&T.
• Progressive InsurancecoreChannel Partner/ Reseller/ DistributorAuto and personal lines insurance carrier providing coverage through CLB&T with online claims and payment options.
• ProtectivecoreChannel Partner/ Reseller/ DistributorLife insurance carrier specializing in term life, whole life, and universal life products sold through CLB&T.
• PrudentialcoreChannel Partner/ Reseller/ DistributorFinancial services and insurance carrier providing life insurance and related products through CLB&T agency.
• State AutocoreChannel Partner/ Reseller/ DistributorProperty and casualty insurance carrier providing personal and commercial coverage through CLB&T.
• TravelerscoreChannel Partner/ Reseller/ DistributorCommercial and personal insurance carrier providing comprehensive coverage options through CLB&T with online service capabilities.
• Wellmark Blue CrosscoreChannel Partner/ Reseller/ DistributorHealth insurance carrier providing group and individual health plans, Medicare supplement, and related coverage through CLB&T.

Scale indicators2 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Holmes Murphy: Iowa-based independent insurance brokerage offering commercial, personal, and benefits lines. Closest geographic and structural comparable to CLB&T: same Midwest independent-agency model serving Iowa businesses and farms, but at substantially larger scale.
• Houchens Insurance Group: Multi-state independent insurance agency group. Comparable business model (multi-carrier independent agency serving personal and commercial customers) and a known consolidator of smaller agencies.
• Leavitt Group: Network of independent insurance agencies across the Western and Midwestern U.S. Operates the same independent-agency/multi-carrier model as CLB&T but at greater scale, often acquiring smaller local agencies.
• TrueNorth Companies: Cedar Rapids, Iowa independent insurance and financial services agency. Directly comparable as an Iowa-headquartered multi-line independent agency representing multiple carriers across personal and commercial lines.

Broad incumbents

• Arthur J. Gallagher & Co. One of the largest global insurance brokerages. Operates in the same agency/brokerage space as CLB&T but at massive scale, with extensive commercial and personal lines capabilities and active acquirer of small independent agencies.
• Brown & Brown, Inc. National insurance brokerage and program manager. Overlaps with CLB&T in independent-agency distribution and is a serial acquirer of small to mid-sized agencies, making it a likely exit-path buyer.
• HUB International: Large North American insurance brokerage. Overlaps with CLB&T in commercial and personal lines brokerage and is an aggressive acquirer of regional independent agencies.
• IMA Financial Group: Mid-market-focused insurance brokerage with a strong presence in the central U.S. Comparable multi-line independent agency/brokerage model, often competing for the same small/mid-sized business customers as CLB&T.
• AssuredPartners: Large national insurance brokerage built largely through acquisitions of independent agencies. Same independent-agency business model as CLB&T, with a stated strategy of acquiring regional agencies like CLB&T.

Emerging players

• Policygenius: Digital insurance marketplace and brokerage. Represents the digital-native competitive threat to traditional agencies like CLB&T by enabling consumers to comparison-shop life, home, and auto insurance online without an agent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/clbtins

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CLB&T Insurance and Financial Services