In industry news:

The latest Reagan Consulting Organic Growth and Profitability (OGP) quarterly survey revealed that independent agencies are enjoying a period of high profitability garnered by healthy organic growth despite continued soft pricing in commercial lines, including workers’ comp. The survey notes that independent insurance agents/brokers posted median organic growth of 5.9 percent for the second quarter of 2015, slightly higher than 5.8 percent recorded in the first quarter of 2015 and second quarter of 2014. Continued strong organic growth served to increase profitability to 24.6 percent in Q2 2015, the highest second-quarter performance since the survey launched in 2008.

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