This paper describes accounting management at Brown and Brown, Inc., a major independent insurance intermediary organization in the U.S.
Written in 2007; 2,864 words; 4 sources; APA; $ 85.95
Paper Summary:
This paper is an in-depth study of Brown and Brown, Inc, the eighth largest independent insurance intermediary organization in the U.S. The paper outlines the business goals of the organization and includes a brief history. Their accounting practices are evaluated as well as employee satisfaction. The author believes the company's CEO is responsible for motivating his employees and creating a culture of professional development and success at Brown and Brown.
From the Paper:
"Brown & Brown markets and sells property/casualty insurance and employee benefit products and services. The company offers a broad range of insurance and reinsurance products and services, as well as risk management, third party administration and managed health care programs in their four divisions: Retail, National Programs, Service, and Brokerage Divisions.
Brown & Browns 2004 strategic plan consists of four basic tenets that states
Brown & Brown is in the:
- Money Making Business
- People Recruiting & Enhancing Business
- Selling & Servicing Insurance Business
- No Big Mistakes Business
Headquartered in Daytona Beach and Tampa, Florida, Brown & Brown is a publicly traded company with 120 branches located in 30 states with 3,517 full-time employees as of December 31, 2003. (Annual Report p. 31) There are nine members on the Board of Directors, 13 corporate officers including 7 regional Executive Vice Presidents (Regional Managers). "
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