Consolidated Insurance Does It Again! 2022 Best Practices

Consolidated Insurance + Risk Management has been selected (for the seventh consecutive year) to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.

Only 282 independent agencies throughout the U.S. qualified for inclusion in the 2022 Best Practices Study. An IIABA affiliated state association or an insurance company must first nominate the agency which then must qualify based on outstanding customer retention, growth, stability and financial management. More than 2,600 agencies were nominated this year.

The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual Study of leading independent insurance agencies, which is conducted by the Big “I” and Reagan Consulting of Atlanta, GA, documents the business practices of these “best” agencies and urges others to adopt similar practices.

Hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions.

The Big “I” and Reagan Consulting jointly maintain the Best Practices Gateway website (www.reaganconsulting.com/research/best-practices) that provides previews  of the annual Best Practices Studies and various Best Practices tools.  The Gateway, as well as the annual Study, is made possible in part through the financial sponsorship of various insurance companies and industry organizations.

The 2022 Best Practices Study sponsors include:  Amerisure, Applied, Central Insurance, EMC Insurance, First Insurance Funding, Foremost, A Farmers Insurance Company, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual/Safeco Insurance, National General, an Allstate Company, Nationwide, Progressive, Sun Life, Travelers, Vertafore, Westfield, and Westfield Bank.

Consolidated Insurance + Risk Management was founded in 1938 and offers commercial, personal, surety, and employee benefits insurance. Please contact Consolidated at 410-356-9500 or www.consolidatedinsurance.com if you have any questions or to receive a quote.

For more information on the Best Practices Study, contact Jennifer Becker at the Big “I”, 1-800-221-7917.