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Most Banks Think Insurance Helps Their Business

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About 96% of banks selling insurance say their insurance business adds value for bank shareholders.

About 40% of the banks go further and say insurance has added “significant” value to their business, according to the American Bankers Insurance Association, Washington.

Selling insurance can help banks generate non-interest income, and that can come in handy in tough economic times, according to ABIA Executive Director Valerie Barton.