BB&T Insurance income sags as organic growth doubles

Insurance income fell 4.8 percent at BB&T Corporation during
the first quarter, the big US regional bank said today.
Its brokerage business, however, recorded a 3 percent organic
revenue growth rate.
The bank cited an improving economic environment for helping to
deliver an 11.8 percent increase in new business production in the
insurance group, up from 3.7 percent in the fourth quarter, and
doubling its organic growth rate from the 1.5 percent range last
year.
The purchase of Regions Insura