Year-over-year insurance revenues for bank holding companies rose slightly to less than $44 billion, reflecting the declining rate conditions that have hit the entire industry, according to figures released today.
The findings were released by the bank insurance consulting firm Michael White Associates based in Radnor, Pa., and the Washington, D.C.-based American Bankers Insurance Association (ABIA).
Total insurance revenues for bank holding companies rose 0.5 percent from $43.5 billion in 2006 to $43.7 billion in 2007.
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