Bank of America Considers Selling its Insurance Brokerage Division

May 18, 2007

  • May 19, 2007 at 12:11 pm
    PLJ says:
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    Bank of America has become an insution that provides no personal customer service.Every aspect of BOA is by telephone and it takes for ever to get an answer to your questions. All they are is a sophisticated check cashing operation that\’s why they want out of insurance.
    All they have is consumables running the operation.

  • May 18, 2007 at 2:25 am
    Steved says:
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    Why are they wanting to sell it? I\’m sure
    because it\’s making them soo much money!

  • May 18, 2007 at 2:45 am
    Fred says:
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    1. The article does not reference any potential buyers/suitors.
    2. BOA recently allowed Answer Financial, (A web based personal lines insurance agent/broker in Encino, CA.), to sell their BOA clients personal insurance products. BOA\’s lead base proved to be a significant failure for Answer Financial. This in only one small example of BOA, but it could be a symptom of their insurance division\’s current status.

  • May 18, 2007 at 2:57 am
    RE: BOA selling insurance divi says:
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    Yeah, just like someone wants to sell a used car bacause it runs too well:-)

  • May 18, 2007 at 4:14 am
    Casual Observer says:
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    Gosh, maybe Wachovia will buy it to add to all the other insurance operations they\’ve decimated.

  • May 18, 2007 at 5:40 am
    How About? says:
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    How about all those yahoos that complain about the industry, premiums, profits, etc.
    They should ALL get together to purchase the BoA division and show the rest of us the proper way to run it!

  • May 18, 2007 at 6:40 am
    Anonymous says:
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    I will buy it. Can I have a long payment plan? Can I just pay on renewal? Sounds like a great way to grow to a $billion fast!



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