INDIANAPOLIS (Sept. 27, 2011) – MJ Insurance, a leading property-casualty and employee benefit agency, today announced its eighth consecutive year of retaining its status as part of the elite group of U.S. independent insurance agencies. MJ Insurance participated in The Independent Insurance Agents & Brokers of America’s (Big “I”) annual “Best Practices Study” and was then recognized as a “Best Practices Agency.”
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, MJ Insurance had to be among the 35 to 40 top-performing agencies in one of six revenue categories. MJ was included in the $10 to $25 million revenue category.
“The Best Practices Agency recognition a prestigious award and we are honored to earn it on an annual basis,” said MJ Insurance CEO Michael H. Bill. “This accolade reflects MJ’s outstanding employees and our continued efforts for superior client service. We are pleased with the performance we provide and proud to be recognized by our industry peers as a leading independent insurance agency in the U.S.”
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. This annual survey and study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices. Inclusion in the study has become a highly sought after industry recognition.
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.
MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefit agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefit programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.
ABOUT MJ INSURANCE
MJ Insurance is a leading property-casualty and employee benefit agency specializing in various commercial sectors: construction, manufacturing, sororities, coal mining, transportation, as well as comprehensive employee benefit programs. Since 1964, MJ Insurance has continued to expand through growth, service and leadership. Additional information may be found at www.mjinsurance.com.
ABOUT THE BIG “I”
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: www.independentagents.com.
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