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By Ron Devers, CIC, CPIA, CAWC, manager, PSI Insurance Agency               


1992 seems like forever ago, but it has been 25 years to be exact. Twenty-five years ago Bill Clinton was just elected president, John Gotti was sentenced to life in prison, gas was $1.05 a gallon and PSI Insurance Agency began doing business. As a subsidiary of Pharmacy Services Inc. (PSI), it was determined that a valuable member service would be starting and running an independent insurance agency.

At the time, according to Michigan Pharmacists Association (MPA) historian (and chief executive officer), Larry Wagenknecht, PSI had an agreement that placed primarily workers compensation coverage and pharmacy business owner’s policies with a large agency in Southfield. PSI Ltd. was formed and owned the program that administered workman compensation coverage for pharmacies, and a short time later, Association Insurance Agency was formed.

Since then, we’ve grown to become PSI Insurance Agency, still wholly owned by PSI and working for not only the membership of MPA, but any customer or business with insurance needs. Our mission has remained the same for 25 years, to find the best balance of coverage and value to protect our customers’ needs. We are here to serve your business and personal needs. Contact our office to discuss how we can help protect your assets and family from life’s unexpected occurrences. If we already have your insurance business, thank you for placing your trust in PSI Insurance Agency—we would not be celebrating 25 years without customers like you. Help us work toward the next 25 years by telling your friends and families to call us at (800) 678-2774 for a quote!

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