Insurer-Related Banks Expand Agent Arsenal
While the Gramm-Leach-Bliley Act might not have inspired many banks to get into the insurance underwriting business, it did spur insurers to dip their toes into banking.
State Farm, Allstate, ING, MetLife and the National Association of Mutual Insurance Companies are among those insurer entities now operating banks, creating the kind of convergence that was not really envisioned when GLB was signed into law in November 1999.
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