We are pleased to confirm that Loiselle Insurance Agency has retained its Best Practices Agency status for 2014. This is the tenth consecutive year that we have won the Best Practices Award; a total of fifteen times in the last twenty one years.
We qualified as a Best Practices Agency by ranking among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting.
The agencies included in the annual study, which has been conducted every year since 1993, must first be nominated for participation by an insurance carrier or an IIABA state affiliated association. The agency must then submit detailed financial and operational information which is analyzed, scored, and ranked objectively for inclusion in the study on the basis of operational excellence including growth, profitability, productivity and financial stability.
Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each revenue size category studied. Last year, more than 1,100 agencies were nominated to take part in the study. Upon completion of the study, only 217 agencies were honored with the Best Practices Award. Our inclusion with these outstanding agents and brokers clearly recognizes us as an industry leader, for which we are proud and thankful.