In a down economy and relatively soft insurance market, independent agencies have had a hard time holding their own, let alone increasing their revenues. But York International Agency has managed to generate growth even in these challenging times with its risk management emphasis.
The Yonkers, N.Y.-based firm saw its total commercial lines premium volume increase from $66 million in 2006, to $70 million in 2007, and to $72 million in 2008. The agency's total income during that time grew as well, from $8.1 million in 2006, to $9.4 million in 2007, and up to $9.6 million in 2008.
That ability to grow no matter what state the market or economy is in helped York International make the grade as one of three winners in the eighth-annual National Underwriter Commercial Insurance Agency of the Year Award program, earning the firm an Honorable Mention.
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