After a couple of years of minimal (or even negative) organic growth and declining profit margins, insurance agents and brokers have put some halfway decent numbers on the board so far in 2011: Organic growth stands at 3.3 percent for the industry through the second quarter, and agents and brokers...
When Bob Dylan wrote the iconic 1960s song, "The Times They Are A-Changin'," he captured the social and political upheaval that characterized the times.
During our annual valuation work for agencies and brokerages across the country, one trend we're noticing is most are forecasting significant declines in contingent income this year, even though commission revenues are holding or increasing slightly.
Does personal lines business have an important role in your agency's future growth? Most midsize and large agencies don't have a clear picture of the strategic role personal lines should play. Part