A Minnesota insurance company has found a unique way to get in on the ground floor of the banking industry's efforts to sell homeowners insurance.

St. Paul-based Minnesota Mutual Life Insurance Co. is brokering such policies through a subsidiary it set up last year, HomePlus Insurance Agency Inc. The company, which finds price quotes from dozens of property and casualty competitors, is the only one offering such a service to banks, consultants say.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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