RENO, Nev. – Nov 14, 2024 – LP Insurance Services, LLC has once again been named to an elite group of independent insurance agencies around the U.S. that participated in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) “Best Practices” Study Group.
Each year IIABA and Reagan Consulting, an Atlanta-based management consulting firm, jointly study the country’s leading agencies in various revenue groups. The named agencies are awarded a “Best Practices Agency” designation. The selected agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.
“We are proud to keep our Best Practices Agency designation for the ninth year in a row,” said Nick Rossi, CEO of LP Insurance Services. “To be named as part of this incredible group is always an honor.”
More than 2,600 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 235 agencies qualified for the recognition. To be chosen, brokerages must be among the top-performing agencies (top 35-45) in one of six revenue groups. LP Insurance and the other top performers were all nominated by either an IIABA-affiliated state association or an insurance company and were qualified based on operational excellence.
“We work diligently to be recognized and respected as the foremost brokerage in the western U.S.,” said Brian Cushard, President of LP Insurance Services. “This designation illustrates our dedication to serving our clients, our team and our communities.”
The Best Practices Study was initiated by IIABA in 1993. The annual survey and study of leading independent insurance agencies documents the business practices of the highest performing agencies and urges others to adopt similar practices.
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 as well as employee benefit plans and more.
LP Insurance Services, LLC is a unique risk management and insurance brokerage firm specializing in Property, Casualty, Surety, Workers’ Compensation, Employee Benefits, Personal and Risk Management services. Headquartered in Reno, LP has additional Nevada offices in Carson City, Elko, Fernley, and Las Vegas, as well as California offices in Gold River/Sacramento, Truckee, Fresno, and Quincy with additional locations in Roswell and Portales, New Mexico and Phoenix, Arizona. LP Insurance proudly serves clients throughout the West and beyond. For information visit www.lpins.net.
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Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.