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In the face of a weakening economy and a soft market, independent agents were able to hold on to a majority of the property and casualty premium market share, according to a study by the Independent Insurance Agents & Brokers of America, (IIABA) with data provided by A.M. Best. The annual market share study evaluates year-end industry market share and company expense data and uses it to analyze the state of the independent agency system. Though the overall market was relatively flat in 2007, independent agents and brokers are still responsible for $6 of every $10 in the industry’s overall property and casualty premium revenue. Bob Rusbuldt, CEO of IIABA said in a statement, ” The independent agency system continues to be the leader in commercial lines, holds a significant share of personal lines, and dominates both in some states.”

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