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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.