North Canton, OH—Van Nostran Young Coutts retained its Best Practices status for 2024, joining an elite group of independent insurance agencies from across the United States.
The Best Practices agency designation is awarded to participants in the Best Practices Study, which analyzes and documents the business practices of the highest-performing insurance agencies in the industry.
Over 2,600 independent agencies throughout the U.S. were nominated for the selection process. For the 2024 Study year, only 235 independent agencies throughout the U.S. qualified for and retained their status as Best Practices agencies.
Since 1993, the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting, an Atlanta-based management consulting firm, have joined forces to study the country’s leading agencies in six revenue categories.
Best Practices agencies are selected every three years through a rigorous nomination and qualifying process. Each agency must be among the 35-45 top-performing agencies in its revenue category to be awarded Best Practices status.
Best Practices agencies retain their status annually during the three-year cycle by submitting extensive financial and operational data for review. 2024 is the third year of the current three-year study cycle.
