Accounting Functions at Brown and Brown, Inc.
This paper describes accounting management at Brown and Brown, Inc., a major independent insurance intermediary organization in the U.S.
# 92229 | 2,864 words | 4 sources | APA | 2007
Published on Feb 16, 2007 in Accounting (Managerial) , Business (Accounting) , Business (Companies) , Business (Human Resources)
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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). "
Sample of Sources Used:
- Brown & Brown Incorporated web sites, 2004: www.BBInsurance.com (public site), and www.BBIns,com (employee only site).
- Brown & Brown, Incorporated, 2003 Annual Report, http://www.bbinsurance.com/pages/annual/annual.html.
- Kirkey, L. M. (Personal Communication, October 2004)
- Klutzke, L. (Personal Communication, October 2004)
Cite this Research Paper:
Accounting Functions at Brown and Brown, Inc. (2007, February 16) Retrieved May 25, 2020, from https://www.academon.com/research-paper/accounting-functions-at-brown-and-brown-inc-92229/
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