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Banks Push Insurance Revenue Up 17%

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NU Online News Service, April 23, 2003, 3:51 p.m. EDT – U.S. banks increased their insurance commissions and fee income 17% in 2002, to $3.5 billion, according to a new study by Michael White Associates, Radnor, Pa.

Most commercial banks and federally insured savings banks in the U.S. now sell some form of insurance, the firm reports.