When it comes to insurance, Barnett Banks Inc. wants to go where few banks have gone before: property and casualty coverage.

The Jacksonville, Fla.-based banking company wants to team up with one or more insurers to offer auto, homeowners, and long-term-care policies - as well as more traditional life insurance, according to Richard Jones, Barnett's chief asset-management executive. Though the insurers would underwrite the policies, Barnett would market them to its customers in return for a slice of the profits.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.