Admiralty Bancorp, a small Palm Beach, Fla., banking company, is using an alliance with the local unit of USI Insurance Services Corp. to get into the insurance business.

The company's $170 million-asset Admiralty bank this week began offering group health insurance to business customers as well as flood and windstorm insurance to consumers. It is making referrals to agents of USI Florida of Boca Raton.

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