Campbell Insurance featured in Rough Notes
Campbell Insurance, Lynchburg, Virginia, has gone through significant changes in its nearly 100 years.
And it also hasn’t changed at all. Founded in 1918 by Walter Duval Campbell, its principles were based on loyalty, dedication and the commitment of each employee to the agency’s clients. So when agency ownership transitioned into an employee owned company in 2010 where the ESOP owns 65% of the agency stock, it certainly qualified as a change. But this was much more a recognition of the fact that those initial values had been maintained consistently throughout the agency’s long history and that the employees, all of whom worked diligently for the agency’s clients, really had operated as owners of the agency long before they actually became so in reality. Six executives own the balance of the stock.
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