Banking & Finance

Savannah Business Journal Staff Report

October 9, 2019 - Sterling Seacrest Partners has been named to the 2019 Best Practices Agency List by the Independent Insurance Agents and Brokers of America (IIABA) and Reagan Consulting. As part of an elite group of independent insurance agencies around the U.S., Sterling Seacrest will lend its voice to the “Best Practices” Study Group.

Since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, have joined 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. 

Only 267 independent agencies throughout the U.S. qualified for inclusion in the 2019Best Practices Study. An IIABA affiliated state association or an insurance company must first nominate the agency. The nominated agency must then qualify based on outstanding customer retention, growth, stability and financial management. More than 1,300 agencies were nominated this year.   

“We are honored to have Sterling Seacrest Partners named to this elite list of the best agencies in the nation,” said David Paddison, President, Sterling Seacrest Partners. “Our inclusion in this study reemphasizes our firm’s commitment to client service and best business practices.” 

The Best Practices Study serves as the foundation for efforts to improve agency performance. The annual study of leading independent insurance agencies documents the business practices of these high-performance agencies and urges others to adopt similar practices. Hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions.