Established in 1895, the Merriam Insurance Agency is the oldest family-owned-and-operated business in the city. It has grown and expanded over four generations, but the fifth generation may not keep the business going, at least not in New York, said president Brian Merriam. "For my children, they know what it costs to live in this state versus other places, and they recognize it is more expensive to live here," Merriam told NewsChannel 13. "You will have less to show for it at the end of the year than you would in other states," he said. "So for them to choose to stay in New York, as I have, is highly unlikely." While the agency's profits are rising, Merriam says burdensome regulations and high taxes are major obstacles. It is a complaint shared by many business owners across the Capital Region and the state.
The Merriam Agency began producing a weekly radio show entitled "Risky Business". The show is designed to help the audience understand the risks we face every day, with the goal of helping clarify the various risk management tools available.
Life is inherently dangerous and the ability to get back on your feet is no accident. Having the right insurance makes all the difference. As the experts at Merriam Insurance will tell you, as they present Risky Business: Dealing with the Dangers of Life.
To retain our Best Practices Agency status we must submit our year-end results for review each year. Every third year, when new agency nominations are accepted, we must re-qualify as one of the top performers in our revenue category in order to retain our spot. A new study cycle starts in 2013 and we will be competing against new agency participants. Participation in the Best Practices Study has become a prestigious recognition