The number of independent insurance agencies has stabilized over the past two years, ending a trend of fewer agencies due to mergers and acquisitions, according to a study sponsored by the Independent Insurance Agents & Brokers of America, which also found the agency system still dominated by white males.
The Alexandria, Va.-based IIABA's "2008 Agency Universe Study"--a collaboration of the IIABA and leading independent agency companies--found that the total number of independent agencies in the United States remained constant over the past two years at 37,500.
That total is still nearly 15 percent down from when the study first began in 1996, when the number of agencies stood at some 44,000.
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