   WinStar Insurance Group continues for the 4th year 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. For over 30 years, the Big “I” has developed a family of products and webinars designed to help cultivate a Best Practices agency culture. The offerings include materials such as the Agency Comparison Workbook, Guide to Producer Contracts, the Customer Service Experience Handbook, Sales Potential Quick Check, Interactive Agency Self-Diagnostic Tool, and Best Practices Joint Planning Tool Quick Step. Many of the publications include guidelines, worksheets, and case studies to help agents apply the information contained in each report and move beyond theory into practice. In addition to these materials, hundreds of workshops and seminars have been conducted at various producer association functions, company sponsored agency meetings and national automation users group conventions. The Big “I” and Reagan Consulting jointly maintain the Best Practices Gateway website (www.reaganconsulting.com/reasearch/best-practices) that provides executive summaries of the annual Best Practices Studies and various Best Practices tools. The Gateway, as well as the annual study, is made possible in part through the financial sponsorship of various insurance companies and industry organizations. The 2023 Best Practices Study sponsors include: Amerisure, Applied Systems, Central Insurance, Chubb, EMC Insurance, First Insurance Funding, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual Insurance, Safeco Insurance, State Auto Insurance Companies, National General, Nationwide, Progressive, SunLife, Travelers, Vertafore, Westfield Insurance and Westfield Bank. For more information on the Best Practices Study, contact Jennifer Becker at IIABA, 1-800-221-7917. 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.
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 We are pleased to announce that in May, Texas Mutual announced that its board of directors voted unanimously to approve a $340 million dividend distribution in 2023. Dividends will be distributed to qualifying policyholders in late June. This year marks the 25th year that Texas Mutual is paying dividends to their more than 57,000 policyholders, bringing the total to over $4 billion back to Texas businesses since 1999.  You can log in to your Texas Mutual Online (TMO) account to see whether you will receive a dividend starting June 23. Your agent will be able to see dividend information for their qualifying clients starting June 5. PLEASE REACH OUT TO US IF YOU HAVE NOT RECIEVED YOUR CHECK BY MID-JULY WHAT IS A DIVIDEND?As a policyholder-owned company, Texas Mutual clients contribute to their success when they make safety a priority and choose to do business with Texas Mutual. There are two components to earning a dividend. Safety, paid through the annual component, and loyalty, paid through the retention component. Our newer Texas Mutual policyholders can also earn dividends through the early qualifier program, which is paid in November. Since 1999, Texas Mutual has distributed over $4 billion back to Texas businesses. Dividends are based on performance, are not guaranteed and must comply with Texas Department of Insurance regulations.  We officially celebrated Barbara and Glenn's official last day of work today. As we enter 2023, we are excited (yet sad) to share that two of our leaders, Barbara Marzean and Glenn Hastings, have chosen to retire after more than 90 years (collectively) in the insurance industry. They have led this agency through many changes, challenges and success and they will both definitely be missed. We wish them well as they embark on the next chapter of their lives that will involve travel, relaxation and lots of time with their families. WinStar will continue to operate with the same staff under the new leadership of President Stephanie Dew. Steph has been with the agency since 2010 and was previously the VP of Sales. We are confident that WinStar will continue to grow and flourish for many years to come. Thank you again for putting your trust in WinStar Insurance Group. That will never be taken for granted. Wishing you and your families a Happy and Prosperous New Year! WinStar Insurance Group Included In the Big “I” and Reagan Consulting 2022 BEST Practices Study9/16/2022   In August 2022 WinStar Insurance Group was selected as a Best Practices Agency.
Our team qualified for this status by ranking among the top performers in the annual Best Practices Study conducted by the Independent Insurance Agents & Brokers of America (IIABA or the Big “I”) and Reagan Consulting. The purpose of the Best Practices Study is to compile the operating statistics of the country’s leading agents and brokers. To achieve this objective, the agencies included in the annual Study must first be nominated for participation by an insurance carrier or an IIABA state affiliated association. The agency must then submit detailed financial and operational information which is analyzed, scored, and ranked objectively for inclusion in the study, based on operational excellence, including growth, profitability, productivity and financial stability. Over 2,600 agencies from around the country were nominated in six revenue categories ranging from “Under $1.25 million” in annual revenue to “Over $25 million” in annual revenues. Only 282 agencies scored high enough to qualify for inclusion. To retain our Best Practices Agency status, we must submit our year-end results for review each year. Every third year, when new agency nominations are accepted, we must re-qualify as one of the top performers in our revenue category. (IF APPLICABLE: We are pleased to have retained our Best Practices Agency status since YYYY.) Participation in the Best Practices Study has become a prestigious recognition of the superior accomplishments of the top insurance agencies in each of the six revenue size categories studied. Our inclusion with these 282 outstanding agents and brokers clearly recognizes us as an industry leader. The 2022 Best Practices Study sponsors include: Amerisure, Applied, Central Insurance, EMC Insurance, First Insurance Funding, Foremost, A Farmers Insurance Company, The Hanover Insurance Group, The Hartford, Imperial PFS, InsurBanc, Liberty Mutual/Safeco Insurance, National General, an Allstate Company, Nationwide, Progressive, Sun Life, Travelers, Vertafore, Westfield, and Westfield Bank. 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. Reagan Consulting is a financial and management consulting firm specializing in services to the insurance distribution system. Clients include the leading brokers, agents and bank-insurance programs in the United States. They provide thought leadership to the banking and insurance industries through perennial research, seminars, and other industry forums.  WinStar Insurance Group received an Honorable Mention on Insurance Journal's Top 100 Independent Agencies list for 2022. While we didn't make the cut this year, it is still an honor to be mentioned and considered a contender for future top 100 lists. Proud of our agency and grateful for an amazing staff to make this all possible!  |
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© 2023 WinStar Insurance Group
13625 Ronald W. Reagan Blvd. Building 3, Suite 100 Cedar Park, TX 78613 |
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Licensed & doing business in the following states only: Texas, New Mexico, & Oklahoma
Licensed & doing business in the following states only: Texas, New Mexico, & Oklahoma