News
September 11, 2018Merriam Insurance Agency Recipient of 2018 Best Practices Award
The Merriam Insurance Agency is pleased to announce that it has been selected as a Best Practices Agency for 2018. Merriam Insurance qualified by ranking among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”).
The purpose of the Best Practices Study is to compile the operating statistics of the country’s leading agents and brokers. To achieve this objective, the agencies included in the annual study must first be nominated for participation by an insurance carrier or an IIABA state affiliated association. The agency must then submit detailed financial and operational information which is analyzed, scored, and ranked objectively for inclusion in the study on the basis of operational excellence including growth, profitability, productivity and financial stability. Founded in 1896, IIABA is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally.
Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each of the revenue size categories studied. This year of the more than 1,200 agencies that were nominated only 224 qualified for the study group. Merriam Insurance’s inclusion with these other outstanding agencies and brokers clearly recognizes them as an industry leader.
