Cheney Insurance Agency, a member of the local business community since the 1950s, is part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA) “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.
“It is always gratifying to be recognized in this manner for our efforts to achieve superior results when compared to our peers as our staff works to provide exceptional insurance services to our clients,” said agency president Dennis Hilton.
More than 1200 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 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.
Cheney Insurance is a member of The Cheney Companies Financial Group, which also includes Newcastle Square Realty, Bridgewater Financial, and Newcastle Square Vacation Rentals.
For further information, please contact Dennis Hilton at 563-3435.
