Comma Insurance is honored to be included among those agencies named in the Best Practices Study. Read the following press release to learn more!
Comma Insurance Included In the Big “I” 2021 Best Practices Study
Oklahoma City, OK – We are pleased to confirm that Comma Insurance has retained its Best Practices Agency status for 2021.
In 2019, Comma was selected as a Best Practices agency. We qualified 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 purpose of the Best Practices Study is to compile the operating statistics of the country’s leading agents and brokers. To achieve this objective, the agencies included in the annual Study 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, based on operational excellence, including growth, profitability, productivity, and financial stability.
To retain the Best Practices agency status, Comma submitted our year-end results for review each year. Every third year, when new agency nominations are accepted, we must re-qualify as one of the top performers in our revenue category.
“At Comma, we are pleased to have retained our Best Practices agency status since 2019,” Comma Insurance CEO Timothy Harlin. “We’re excited to participate again in 2022 as the cycle starts again. Since 2019, we've more than doubled our business these best practices have helped us to better serve more customers across the country as our agencies expand into additional states.”
Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each of the six revenue size categories studied. In 2019, which marked the start of a new three-year cycle, more than 1,000 agencies were nominated and 267 qualified for the study group. Our inclusion with these outstanding agents and brokers clearly recognizes us as an industry leader.
The 2021 Best Practices Study sponsors include: Amerisure, Applied, Allstate/Encompass/NatGen Premier/National General Insurance, Central Insurance, Chubb, EMC Insurance, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual/Safeco Insurance, Foremost, Nationwide, Progressive, Travelers, Vertafore and Westfield.
Launched in 2014, Comma has proven to be a friendly, trustworthy, and affordable personal insurance partner. In 2020, we started offering the opportunity for top Loan Originators to own their own Comma Insurance agency. We now have more than 35 locations across the US and are one of the fastest-growing independent insurance organizations in 2021.
Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans, and retirement products—from a variety of insurance companies.
Reagan Consulting is a financial and management consulting firm specializing in services to the insurance distribution system. Clients include the leading brokers, agents, and bank insurance programs in the United States. They provide thought leadership to the banking and insurance industries through perennial research, seminars, and other industry forums.
