Will more banks be in the insurance business?

Will the insurance industry see an uptick in banks purchasing insurance agencies?  A Wells Fargo executive, speaking at a recent conference sponsored by SNL Financial, commented that banking regulations such as the Dodd-Frank Act could force banks to turn to reliable ventures such as insurance to provide steady revenue activity.

What do you think? Will banks start buying insurance agencies? If so, what impact will this have on the industry? Let us know.