Brown & Brown Inc is a Florida Corporation, which operates as an insurance agency, wholesale brokerage, insurance programs and service organization with origins dating from 1939. It markets and sells to its customers insurance products and services, mainly in the property, casualty and employee benefits areas. It provides its customers with quality, non-investment insurance contracts, as well as other targeted, customized risk management products and services. The Companys business is divided into four reportable operating segments: the Retail Division; the National Programs Division; the Wholesale Brokerage Division; and the Services Division. The Retail Division provides a broad range of insurance products and services to commercial, public entity, professional and individual customers. The National Programs Division contains two units: Professional Programs, which provides professional liability and related package products for certain professionals; and Special Programs, which markets targeted products and services to specific industries, trade groups, public entities, and market niches. The Wholesale Brokerage Division markets and sells excess and surplus commercial and personal insurance, and reinsurance, primarily through independent agents and brokers. The Services Division provides clients with third-party claims administration, consulting for the workers compensation insurance market, comprehensive medical utilization management services in both workers compensation and all-lines liability arenas, and Medicare Secondary Payer statute compliance-related services. Its Wholesale Brokerage Division markets and sells excess and surplus commercial insurance products and services to retail insurance agencies (including its retail offices), and reinsurance products and services to insurance companies throughout the United States. Services Division provided the following services: insurance-related services, including third-party claims administration (TPA) and comprehensive medical utilization management services in both the workers compensation and all-lines liability arenas, as well as Medicare set-aside services, Social Security disability and Medicare benefits advocacy services, and catastrophe claims adjusting services. The insurance intermediary business is highly competitive, and numerous firms actively compete with the Company for customers and insurance markets.