Washington–Bank sales of commercial lines insurance have jumped more than 200 percent since the financial sector changes in the 1999 Gramm-Leach-Bliley Act went into effect, according to a new study released today.
The banking sector's involvement in insurance brokering is also increasing, according to the statistics in the Insurance Information Institute's Financial Services Fact Book.
Costs of the I.I.I. publication were underwritten by the Financial Services Roundtable, which recently reorganized and now includes a number of large insurance institutions, both life and property-casualty, amongst its members.
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