Hasbrouck Heights, NJ (PRWEB) September 06, 2011
Scirocco Group has retained its status as part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.
Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, 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 selected “Best Practices” agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.
“We are truly honored to be named a Best Practices agency this year,” says John Scirocco, president and CEO of Scirocco Group. “While we have received this designation for several years, we take great pride in this accomplishment.”
Last year, which marked the start of a new three-year study cycle, more than 1,200 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 224 agencies qualified for the honor. To be chosen, the agency had to be among the 35-40 top-performing agencies in one of six revenue categories.
The agency was nominated by either an IIABA affiliated state association or an insurance company and qualified based on its operational excellence.
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. 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.
About Scirocco Group
Scirocco Group is recognized and distinguished as a IIABA “Best Practices” Agency, has been named as an Insurance Journal Top 100 Independent Property/Casualty Agency for the last five consecutive years, and is one of Business Insurance’s “Best Places to Work in Insurance.” Scirocco Group was founded in 1950 to provide insurance products and services to individuals, businesses, and governmental entities. With 10 offices throughout the New Jersey and South Florida, the company provides expertise in all forms of property/casualty-related products, group health/life/benefits, workers compensation, and surety bonds. More information can be found at http://www.sciroccogroup.com.
Founded in 1896, IIABA is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance – property, casualty, life and health – as well as employee benefit plans and retirement products. Web address: http://www.independentagents.com.