The Independent Insurance Agents & Brokers of America said its annual Best Practices Study is available online.
The latest study includes the new “Rule of 20″ statistic which provides a quick means of calculating whether or not an agency creates value for its shareholders.
The 2007 Best Practice Study names 195 new agencies in six agency revenue categories ranging from under $1.25 million to over $25 million. The IIABA said it will follow the financial results of these agencies for the following two years and publish annual updates.
A detailed account of the study's findings appeared in the National Underwriter Oct. 22 edition (see page 19) written by Shirley Lukens, a senior vice president and principal of Reagan Consulting Inc., which prepared the study.
The study and a listing of the 2007 Best Practices Agencies can be accessed through the websites of IIABA.
(www.independentagent.com) and Reagan Consulting (www. (www.reaganconsulting.com) or directly at bp.reganconsulting.com.
(http://bp.reaganconsulting.com/).
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