Magazine article American Banker

Florida Group Is Forming Unit to Help Bankers in Insurance

Magazine article American Banker

Florida Group Is Forming Unit to Help Bankers in Insurance

Article excerpt

The Florida Bankers Association will launch a new division Oct. 1 to help its members navigate the unfamiliar terrain of insurance sales.

The new division, the first set up by a bank trade group, will educate members about insurance sales and track legislation and regulation that affect the industry.

Services will be available to member banks involved in or looking to get into the insurance business, as well as any agent affiliated with member banks. About 70 of the association's 400 members own an insurance agency or are affiliated with an agent.

"It should basically take an active role in shaping insurance legislation critical to Florida bankers, and provide continuing education that is different" from what is typically available to bankers, said Thomas Dargan, president of Peninsula Bank of Central Florida in Daytona Beach and co-chairman of the task force that formed the division.

Since no other bank trade group has such a division, the Florida group looked at the structures of state and national insurance trade associations before settling on a model similar to its trust division.

Keevin Williams has been named vice president of the insurance division and will oversee its day-to-day operations. He was previously a government-affairs representative for the trade group.

The division will have a seven-member executive committee, a president-elect, and a president, all of whom will be bank executives and will be named Oct. 1. Its two standing committees, education and legislation, will hold training and discussion sessions.

"Insurance is new to the banking industry in Florida, and having input from insurance agents will make it better for us day in and day out," Mr. …

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