In industry news:

Organic revenue growth at privately-held large and mid-sized insurance agencies bounced to 5.1 percent for the first quarter of 2016, up from 4.6 percent for the full year 2015, according to the latest Reagan Consulting Organic Growth and Profitability (OGP) survey. Profit margins were slightly lower at 28.5 percent in the first quarter of 2016, compared with 29.0 percent for the first quarter of 2015. Reagan Consulting expects profits margins to finish 2016 at approximately 20 percent, which would be another solid year.

Read more via Insurance Journal here.

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