bank insurance News

Protx Risk Management Launches Bancshield+ Portfolio for Community Banks

Protx Risk Management LLC, a managing general agency that focuses on professional liability insurance, has introduced a suite of professional liability products for U.S. community banks, including directors and officers liability, employment practices liability, fiduciary liability, bankers professional liability including …

Bank Holding Cos. Set Record in Insurance Brokerage Fee Income: Report

Bank holding companies (BHCs) set new records in insurance brokerage fee income in the second quarter and year-to-date (YTD) in the first half of 2012. According to the Michael White-Prudential Bank Insurance Fee Income Report, bank holding company insurance brokerage …

Banks Boost Income from Insurance Brokerage

Banks earned less in insurance brokerage fees in the third quarter of 2010 than the previous year’s third quarter. However, overall for the first three quarters of 2010, they tallied a record $9.73 billion in insurance brokerage fee income. The …