Although focus on the national credit crisis has been ratcheted-up considerably over the past few weeks, banks have been feeling the heat for much longer, with fallout for those planning to acquire more insurance agencies.
Indeed, over the past year, the U.S. commercial banking industry has seen performance and stock valuations fall. Balance sheets have been hammered and previously abundant capital is now in short supply. The number of bank failures is up and is threatening to soar.
Against this backdrop, the role of banks in insurance might seem inconsequential, but the future of bank-insurance is at a crossroads. The answers to two distinct but related questions will determine the future.
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