Proposed New Insurance Association Would Operate as an ABA Affiliate.

• Position: American Bankers Insurance Association - Brief Article

Two organizations representing banks that offer insurance have announced plans to form a new, full-service insurance association operating under the ABA umbrella. The two organizations are the Association of Banks-in-Insurance (ABI) and the ABA Insurance Association (ABAIA), which already is an ABA affiliate.

The plan would create a new, separately chartered affiliate of the ABA that would be known as the American Bankers Insurance Association (ABIA).

In the past, ABI has excelled at providing member support services while the ABAIA has focued on...