Greylock Insurance Agency Earns IIABA Best Practices Status
FOR IMMEDIATE RELEASE
Contact: Jay Marion, VP
July 26, 2018 – Pittsfield, MA – Greylock Insurance Agency, a subsidiary of Greylock Federal Credit Union, announced that it has achieved Best Practices status from the Independent Insurance Agents & Brokers of America (IIABA). With this status, the agency, for the third consecutive year, becomes part of an elite group of independent insurance agencies around the United States. Greylock Insurance achieved this honor by participating in the IIABA Best Practices Study Group. This annual survey and study of leading independent insurance agencies documents the business practices of the “best” agencies and urges others to adopt similar practices.
“To once again earn Best Practices status from the IIABA is extremely gratifying,” said Jay L. Marion, Greylock Insurance Agency Vice President, Commercial Lines. “The achievement reflects the professionalism and commitment of Greylock Insurance’s management and staff who work so diligently on behalf of the best interests of our customers. We appreciate being recognized for practices that put us in the company of top agencies nationwide, in categories such as product mix, growth, retention of our customers, and financial stability.”
The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year. This is the third year of the current three-year study cycle, where over 1500 independent agencies throughout the U.S. were nominated to take part in the annual study in 2016, but only 262 agencies qualified for the honor. To be chosen, the agency had to be among the 35-45 top-performing agencies in one of six categories.
Greylock Insurance Agency has offices in: Adams, 2 Park Street; North Adams, 131 Ashland St.; Pittsfield locations at 150 West Street and 5 Cheshire Road (Allendale Shopping Center); Williamstown, 552 Main Street; Great Barrington, 325 Stockbridge Road; and Westfield, 30 Court Street.
For more information about Greylock Insurance Agency, please call (413) 443-5943, or visit www.greylockinsurance.com.
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. For more information go to www.independentagents.com.
Greylock Insurance Agency is a subsidiary company of Greylock Federal Credit Union. Credit Union membership is open to anyone who lives, works, attends school, worships or regularly conducts business in Berkshire County, and Westfield, Southwick, Granville, Montgomery, or Russell, Massachusetts. Greylock Federal is wholly owned by its more than 81,000 members and offers full-service branches in Pittsfield, Great Barrington, Lee, Adams, North Adams, Williamstown, Lanesborough, and Lenox. Greylock has a Low Income Designation (LID) from the NCUA and certification by the U.S. Treasury Department’s Community Development Financial Institutions (CDFI) Fund allowing the Credit Union to offer expanded services to low and moderate income families. More information is available online at www.greylock.org.
Greylock’s family of businesses includes:
- Greylock Insurance Agency, with six locations in Berkshire County and one in Westfield, MA, handles commercial and personal lines including auto, homeowner’s, life, disability, long-term care insurance, all forms of bonding, and 24/7 claims service.
- Greylock Investment Group offers access to a full array of services including financial planning, retirement planning, investment management, mutual funds, annuities and portfolio management.
- Greylock Employee Benefits Services offers comprehensive consultation and brokerage services for group medical, dental, life and disability insurance.
- Greylock Technology Group provides programming and IT consulting for financial institutions.