Loiselle named to IIABA's 'Best Practices' study group

Loiselle named to IIABA's 'Best Practices' study group

PAWTUCKET - The city-based Loiselle Insurance Agency is part of an elite group of independent insurance agencies around the U.S. participating in the Independent Insurance Agents & Brokers of America "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.

"We would like to thank the IIABA for this tremendous recognition," said Bob Loiselle, president of Loiselle Insurance Agency. "Our staff works hard each day to provide our customers a superior level of service and we are pleased to be recognized for our efforts."

More than 1,100 independent agencies throughout the U.S. were nominated to take part in the annual study, but only 216 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 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.

For more on Loiselle Insurance, a fourth-generation Trusted Choice insurance agency, located at 279 Dexter St., visit www.loiselleinsurance.com .