HOULTON — F.A. Peabody Insurance has earned the 2025 Best Practices Agency status, 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.
This year, 1,146 independent agencies throughout the U.S. were nominated to compete for this coveted designation and only 348 agencies scored high enough to qualify as a Best Practices Agency.
“Earning the Best Practices designation is a testament to our employees working tirelessly in this complicated industry and performing at the highest level.” says Chris Anderson, president, F.A. Peabody Company. “We are honored to be able to claim this award.”
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 seven 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. 2025 is the first year of the current three-year study cycle.
The F.A. Peabody Insurance was founded in 1927, based in Maine offers many lines of insurance from several national, regional and international insurance companies and brokers. For more information, visit www.fapeabody.com.
