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... ! Communications Marketing Customer Service Planning Finance/Accounting Risk Management Human Resources Selling Legal and E&O Technology Life/Financial Services Glossaries Management Resources & Links Categories Popular Recent All Back Forms And Electronic Standards: A New Relationship 4/30/2013 12:00:00 AM by CompleteMarkets Editor , Martin Taylor This content has not been rated yet. Headlines in trade magazines and major newspapers announce thrift charters being approved for insurance companies, agreements being reached between federal bank regulators and state insurance departments, and financial services reform. In many ways, banks continue to increased their involvement in the Property/Casualty insurance market. Although consumers can benefit from this trend, it's important that all state and federal regulators be involved in this process. The ultimate goal, after all, is to protect ... . This provides banks with the opportunity to be at the right place at the right time for selling P/C insurance. Executives at both Travelers and Citicorp were very aware of this fact when they decided to unite. They recognized an excellent opportunity to expand revenues by taking advantage of the best both markets have to offer. In the end, this relationship should provide customers with a good one-stop shopping approach to many of their financial needs. Even though the Travelers and Citicorp merger (now known as CITIGROUP) is huge, it probably won't be the dominant force in P/C and banking relationships in the United States. The average person will most likely be affected by independent agent and regional bank relationships, since most consumers are already comfortable with both of these business relationships. CUSTOMER CONVENIENCE ...

...nes and major newspapers announce thrift charters being approved for insurance...