Brown & Brown Inc. is a diversified insurance brokerage and services company headquartered in Daytona Beach, Florida, founded in 1939. The company focuses on providing insurance placement and risk management solutions to commercial, public, and quasi-public entities, as well as individuals. Brown & Brown operates through key business segments including Retail, National Programs or Programs, Wholesale Brokerage, and Services, each targeting distinct customer needs across property, casualty, employee benefits, and specialty lines of coverage. In its Retail segment, Brown & Brown distributes a broad range of insurance products and related services directly to businesses and institutions, often using fee-based as well as commission-based models. The Programs segment functions as a managing general agent, offering specialized and packaged insurance programs tailored to specific professions, industries, and niche markets, including flood and professional liability products. The Wholesale Brokerage segment focuses on excess and surplus lines, working primarily through independent agents and brokers to place more complex or non-standard risks. The Services segment delivers insurance-related administrative and claims solutions, such as third-party claims administration, medical cost containment, Medicare-related advocacy, and claims adjusting, supporting insurers, employers, and government entities in managing risk and claims more efficiently.