Washington, DC August 6, 2019 — HWP Insurance has been selected by the Independent Insurance Agents and Brokers of America (IIABA) as a “Best Practices Agency” for 2019. Out of approximately 40,000 agencies nationwide, there were 1,367 agencies nominated and 267 selected. The criteria for nomination included: financial strength, technological capabilities, carrier reputation, and quality of personnel along with many other variables. HWP Insurance has held “Best Practices Agency” status since 2007.
“This designation is a testament to the hard work, dedication and commitment to excellence demonstrated by our staff on a daily basis. We are proud to have assembled a well-rounded team and are honored to have been recognized as an elite agency by our peers,” stated Mike Cauley, principal and president of HWP Insurance.
“HWP’s stated promise is that we will earn the trust of our clients and will continue to foster long-term relationships as a cornerstone of doing business. This recognition by the IIABA is validation that we are keeping our promise and for that we are extremely proud,” stated Ed Bonifant, principal and CEO of HWP Insurance
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.
HWP Insurance is one of the largest privately owned, full service insurance agencies in the Mid-Atlantic region. Established as Howard W. Phillips & Company over 100 years ago in Washington, DC, HWP Insurance is guided by the three basic tenets of their founding partners: respect, innovation and collaboration. This spirit remains their compass in today’s dynamic business climate.