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Peabody Insurance Agency Included in the Big I 2021 Best Practices Study
Friday September 24, 2021
Grace Peabody, CIC, Partner | gpeabody@peabodyinc.comFENTON, MICHIGAN, SEPTEMBER 21, 2021 – PEABODY INSURANCE AGENCY retains its Best Practices status, once again becoming a part of an elite group of independent insurance agencies around the United States. This status comes by participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study group. The annual survey and Study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
Since 1993, the Big “I” and Reagan Consulting, an Atlanta-based management consulting firm, have join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the third year of the current three-year Study cycle (2019-2021), where over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual Study in 2019, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories.
“This designation means that our insurance agency has practices in place to work better, faster, and more efficiently for our clients with fewer problems and mistakes. It is a framework for success and the minimization of failure for our entire agency.” Says Grace Peabody, Peabody Insurance Agency president.
Peabody Insurance Agency is a full service independent insurance agency with a 100 year legacy of serving our community and the surrounding area. We offer insurance products from a number of different companies including Accident Fund, Auto-Owners Insurance, Cincinnati Insurance, CNA, Michigan Insurance and Pioneer State Mutual. For further information, please contact Grace Peabody of Peabody Insurance.
Founded in 1896, theIndependent Insurance Agents & Brokers of America(the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.
Since 1993, the Big “I” and Reagan Consulting, an Atlanta-based management consulting firm, have join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a “Best Practices Agency” designation. The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the third year of the current three-year Study cycle (2019-2021), where over 1,000 independent agencies throughout the U.S. were nominated to take part in the annual Study in 2019, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six revenue categories. “This designation means that our insurance agency has practices in place to work better, faster, and more efficiently for our clients with fewer problems and mistakes. It is a framework for success and the minimization of failure for our entire agency.” Says Grace Peabody, Peabody Insurance Agency president.
Peabody Insurance Agency is a full service independent insurance agency with a 100 year legacy of serving our community and the surrounding area. We offer insurance products from a number of different companies including Accident Fund, Auto-Owners Insurance, Cincinnati Insurance, CNA, Michigan Insurance and Pioneer State Mutual. For further information, please contact Grace Peabody of Peabody Insurance.
Founded in 1896, theIndependent Insurance Agents & Brokers of America(the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.