Bank holding companies' insurance revenues increased 1 percent for the first half of this year, a trade group reported.

The statistic was announced by American Bankers Insurance Association in Washington, D.C., and the Radnor, Pa.-based Michael White Associates consulting firm.

In their quarterly report on bank holding companies, ABIA and Michael White found insurance revenues rose $300 million to $21.7 billion for the first half of 2007.

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