Inszone Insurance Services Expands in Kansas with Strategic Acquisition of Munson Insurance Agency

Inszone Insurance Services has strategically broadened its reach in the Midwest through the acquisition of Munson Insurance Agency, based in Arkansas City, Kansas. This marks Inszone's second significant acquisition within the state, further enhancing its operational capabilities and market presence. Established in 1974 by Jim Munson, the agency has been a staple in delivering insurance services to Arkansas City and its neighboring areas for nearly fifty years. In 1994, Mike Munson joined the agency, eventually taking full ownership in 2008. The acquisition ensures that clients of Munson Insurance Agency will now benefit from an expanded selection of insurance solutions offered by Inszone, while operations continue seamlessly under the existing team in Arkansas City.

Mike Munson cites the pursuit of long-term growth as the primary motivation behind the decision to partner with Inszone. After nearly two decades of independent operations, this collaboration presents an opportunity to leverage the comprehensive resources and broader market reach of a larger organization. Chris Walters, CEO of Inszone Insurance Services, highlights that this acquisition aligns with the company’s strategic objectives of fortifying its presence in Kansas. He commends the Munson team for their extensive expertise in farm and agricultural insurance products, an area Inszone intends to further develop by building upon the agency’s strong foundation.

The acquisition of Munson Insurance Agency is not an isolated move; it follows Inszone's recent expansion in Texas through the acquisition of LIA Texas, LLC, also known as Lyon's Insurance Agency. The focus on farm and agricultural insurance is particularly significant given Kansas’ prominence in the agricultural sector. Munson Insurance Agency, having historically centered its services on business and farm insurance, will retain its knowledgeable staff, ensuring continuity and expertise in the new framework. The union with Inszone is timely, as Kansas agriculture remains critical, with participation rates for major crops like wheat, corn, grain sorghum, and soybeans consistently high. In 2024 alone, Kansas farmers insured over 18 million acres, accumulating liabilities beyond $5.9 billion. The USDA Risk Management Agency’s reports further validate this growth, underscoring the importance of tailored insurance programs like the Pasture, Rangeland, and Forage (PRF) program and the Livestock Risk Protection (LRP) program.

Inszone’s strategic expansion within the farm insurance sector underlines the organization's commitment to adapting and enhancing services in response to evolving market demands. By incorporating the vast experience of the Munson team, Inszone positions itself to address the specific insurance needs of Kansas' agricultural community more effectively. This acquisition not only reinforces Inszone's footing in the region but also offers Munson Insurance Agency a robust platform for sustained growth and innovation. As both entities integrate their strengths, clients can anticipate an expanded suite of services, improved resource access, and a reaffirmed commitment to supporting the agricultural backbone of Kansas.