Hilb, Rogal and Hamilton Company operates as a network of wholly owned subsidiary insurance agencies located in 25 states. The Companys principal activity is the performance of retail insurance services, which involves placing various types of insurance, including property, casualty, employee and executive benefits and other areas of specialized exposure, with insurance underwriters on behalf of its clients. The Company serves as an intermediary between its clients and insurance companies that underwrite client risks. Insurance commissions accounted for approximately 89% of total revenues in 2002. The Company also advises clients on risk management and employee benefits, and provides claims administration and loss control consulting services to clients, which contributed approximately 9% of revenues in 2002. The Companys client base ranges from personal to large national accounts, and is primarily comprised of middle-market and top-tier commercial and industrial accounts.