New Jersey company acquires Hoosier insurance firm

TINTON FALLS, N.J. (Inside INdiana Business) – New Jersey-based World Insurance Associates LLC has acquired Pinnacle Insurance Group of Indiana. Financial terms of the acquisition for the northwest Indiana-based firm were not disclosed.

Pinnacle Insurance Group of Indiana specializes in insurance and risk management for commercial and personal insurance clients throughout the nation.

“Pinnacle Insurance Group has established a reputation for high ethical standards, which we greatly value and welcome at our organization,” said Rich Eknoian, chief executive officer of World Insurance Associates LLC. “We warmly welcome the Pinnacle Insurance Group team and look forward to working closely together.”

Mark Bates, president of Pinnacle Insurance Group, says he will remain as an active principal with the combined company. He says the acquisition will grow Pinnacle’s footprint and provide its clients with more options and resources.