MATTOON, IL — First Mid Insurance Group (FMIG) is pleased to announce it has retained its Best Practices Agency status for 2023, marking the fourth time they have achieved this honor. FMIG continues to be part of an elite group of independent insurance agencies around the United States participating in the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) Best Practices Study Group.
The agencies comprising the Study Group 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 study cycle (2022-2024) by submitting extensive financial and operational data for review each year. During the 2023 Study year, only 264 independent agencies throughout the U.S. qualified and retained their status as a Best Practices Agency.
The Best Practices Study was initiated by IIABA in 1993 as the foundation for efforts to improve agency performance. The annual Study of leading independent insurance agencies, which is conducted by the Big “I” and Reagan Consulting of Atlanta, GA, documents the business practices of these “best” agencies and urges others to adopt similar practices.
“This achievement reflects our commitment to excellence in serving our clients and our dedication to upholding the highest standards in the insurance industry,” says Clay Dean, Chief Executive Officer of First Mid Insurance Group. “We look forward to continuing to provide exceptional service and innovative solutions to our valued clients in the years to come.”
Additional information can be found at www.independentagent.com/best-practices.
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About IIABA: Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations united under the Trusted Choice brand. Trusted Choice independent agents offer consumers all types of insurance—property, casualty, life, health, employee benefit plans and retirement products—from a variety of insurance companies.
About First Mid Insurance Group: First Mid Insurance Group has been committed to helping customers with risk management solutions for over 115 years and is the largest multi-line bank-owned insurance broker in Illinois with locations in nine communities in Illinois and Missouri. The team of over 80 risk management professionals collaborates to make an impact in tailored insurance and benefits solutions for over 15,000 commercial and retail clients. For more information, visit firstmidinsurance.com.
About First Mid Bancshares, Inc.: First Mid Bancshares, Inc. is the parent company of First Mid Bank & Trust, N.A., Blackhawk Bank, First Mid Insurance Group, and First Mid Wealth Management Company. First Mid is an $8.0 billion community-focused organization that provides financial services including banking, insurance, wealth management, brokerage, and ag services through a network of locations in Illinois, Missouri, Texas, and Wisconsin, and a loan production office in Indiana. Together, our First Mid team takes great pride in providing solutions and services to our customers and communities and has done so since 1865. More information about the Company is available on our website at firstmid.com. Our stock is traded in The NASDAQ Stock Market LLC under the ticker symbol “FMBH”.