NU Online News Service, Oct. 1, 3:13 p.m. EDT
Despite the current soft market and economic challenges, the best-run larger insurance agencies are hiring new personnel and increasing their staff size, a trade group report said.
The Independent Insurance Agents & Brokers of America released its "2009 Best Practices Study" late yesterday saying that at larger agencies with revenue of over $5 million, the number of employees increased by four people. For agencies with revenue under $5 million, the total number of employees remained steady, the report said.
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