JD Powers, President of POWERS Insurance & Risk Management, was recently recognized by Insurance Business America in the magazine’s fifth-annual “Top Producers” article.
Insurance Business Magazine is considered the country’s leading business magazine for today’s sophisticated commercial Insurance Broker and this year’s full annual top producers edition singled out 65 insurance brokers across the country who met the criteria:
To qualify as a Top Producer, applicants must have achieved at least $750,000 in commission revenue in 2018, with at least 50% commercial P&C business and demonstrated YOY growth over 2017. To earn the recognition, JD Powers and all of the chosen producers were required to provide specific financial details about their business to be eligible.
While the majority of this year’s Top Producers are veterans with more than 10 years of experience, the 2019 group also contains several rookies who have proved that impressive results can be achieved within a few short years.
The article quotes: “Over the course of my 10-year career, I attribute most of my success to developing our proprietary risk management approach to challenge the status quo and proactively safeguard our clients, their employees and families,” he says. “In 2018, most of our success was due to staying focused on growing our specialty niches, which include hospitality, manufacturing, educational institutions, construction/heavy equipment, habitational and personal risk management for successful families.”
The article properly identifies JD’s plan this year to continue to grow all of his practices regionally, and to focus on vertically growing construction and heavy equipment unit. Shortly after this article went to print, POWERS Insurance announced the launch of it’s new Emerging Risks Division. The new division will also be a primary focus for JD Powers this year as the agency seeks to fill the need for risk management strategies to be implemented for rapidly evolving industries. The new division will focus on 5 core industries: Cannabis, Cyber, Private Client, Renewable Energy, and Technology.
Currently, both Sullivan and Powers are scheduling consultations (either via phone or in person) with business owners seeking to enter the cannabis industry in Missouri. In early March, the agency helped sponsor the first cannabis-focused convention in Missouri, which was hosted by the MoCann Trade Association. The following week, JD Powers traveled to Denver to attend the national Cannabis Cover Masterclass, a 1-day event centered around insurance coverage for the cannabis industry. Chris Sullivan spent time in Colorado as well, meeting with owners and leaders in the cannabis industry.
POWERS Insurance’s Emerging Risks Division hosted a Cyber Liability Summit in early April, in conjunction with Commerce Bank. The free summit was taught by cyber liability expert Adam Conner with RPS and was a huge success.