AUBURN — The Independent Insurance Agents and Brokers of America Best Practices study group recently announced that GHM Insurance Agency has been selected as a 2010 Best Practices Agency.

The agency has offices in Waterville, Augusta and Auburn.

Of the approximately 30,000 independent agencies nationally, 1,200 were nominated as a Best Practices Agency and only 224 were selected for this prestigious honor. Agencies were scored and ranked objectively on 35 performance factors.

Each year since 1993, IIABA and Reagan Consulting, an Atlanta-based management consulting firm, join forces to study the country’s leading agencies in six revenue categories. The agencies comprising the study groups are selected every third year through a comprehensive nomination and qualifying process and awarded a Best Practices Agency designation. The selected Best Practices agencies retain their status during the three-year cycle by submitting extensive financial and operational data for review each year.