Cavignac & Associates Selected by IIABA as 2010 "Best Practices" Agency

Sept. 23, 2010 - PRLog -- Cavignac & Associates, a leading San Diego risk management and insurance brokerage firm, has been selected to continue its participation in the Independent Insurance Agents & Brokers of America (IIABA) “Best Practices” study group as part of an elite group of independent insurance agencies across the United States.   
   Every year since 1993, the IIABA has joined forces with Reagan Consulting, an Atlanta-based management-consulting firm, to study the country’s leading insurance brokerage agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process before being 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.
   “Our results are a reflection of our entire company," said Managing Principal Jeff Cavignac.  "My three partners -- Jim Schabarum, Scott Bedingfield and Patrick Casinelli -- would agree that the only way an agency can consistently be a "Best Practices" Agency is if every one rows together towards a common goal."  
   Cavignac & Associates has been an IIABA “Best Practices” Agency since 2007. Founded in1992, the firm is focused on identifying and managing exposures to loss in order to lower its clients’ total cost of risk.
   Added Cavignac, “As the country’s largest network of independent insurance brokers, the IIABA has provided our agency with valuable resources over the years to help us strengthen our carrier relationships, expand our capabilities, and ultimately better serve our clients.”
   More than 1,200 independent agencies throughout the United States were nominated to take part in IIABA’s annual study, but only 224 agencies qualified for the honor. To be selected, an agency must be among the country’s 35-40 top-performing agencies in one of six revenue categories.  
   The Best Practices Study was initiated by IIABA 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. The agencies are nominated by either an IIABA-affiliated state association or an insurance company, then qualified based on their operational excellence.
   Founded in 1896, IIABA is the nation’s oldest and largest national association of independent insurance agents and brokers, representing a network of more than 300,000 agents, brokers and their employees nationally. Its members are businesses that offer customers a choice of policies from a variety of insurance companies. Independent agents and brokers offer all lines of insurance – property, casualty, life and health – as well as employee benefit plans and retirement products.

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About Cavignac & Associates:

Founded in 1992, Cavignac & Associates is a leading risk management and commercial insurance brokerage firm providing a broad range of insurance and expertise to design and construction firms, as well as to law firms, real estate-related entities, manufacturing companies and the general business community. Company principals are Jeffrey W. Cavignac, CPCU, ARM, RPLU, CRIS, James P. Schabarum II, CPCU, AFSB, CWCA, Scott A. Bedingfield, CIC, AAI, CWCA, and Patrick Casinelli, RHU. The firm employs a staff of 38 at offices located at 450 B Street, Suite 1800, San Diego, Calif. 92101. More information about the company can be found on the Web at www.cavignac.com.