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Article: Dime of New York Selling Auto Insurance From Its Longtime Annuity Supplier, AIG.
- Article from:
- American Banker
- Article date:
- November 13, 1998
CopyrightCOPYRIGHT 1998 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By MICHAEL O'D. MOORE
Dime Bancorp has begun selling automobile insurance through a partnership with a leading underwriter.
In August the New York savings bank company began offering auto policies underwritten by American International Group. Mailings sent then and this month told Dime customers that they could buy the AIG coverage by calling a toll-free number.
For Dime, auto insurance is a first step beyond the sale of life insurance and annuities.
"We want to have a menu of products that's more than just life," said Robert J. Mittel, the thrift company's director of insurance.
In addition to sending mailers, Dime puts ...