Insurance brokerage fee income at banks hit $3.05 billion for the third quarter of 2009, the highest level in the last 5 quarters, according to the data compiled by Michael White Associates LLC.
Through the first 3 quarters of 2009, insurance brokerage fee income at bank holding companies totaled $9.1 billion, down 0.7 percent from the year-ago period.
Fee income includes commissions and other fees bank-holding companies or subsidiaries earn from insurance product sales, as well as referrals for credit, life, health, property-casualty and title insurance.
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