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The Business Resource for Suburban Chicago
Thursday, July 24, 2014 3:04 PM
  • Gallagher's global plan to insure its future
    Itasca-based Arthur J. Gallagher & Co., which started in 1927 as a family-owned firm and has since grown into a publicly traded company, has faced some tough economic and legal times. Yet it still moved ahead to establish operations in 24 countries and offer services in more than 140 countries through a network of correspondent brokers and consultants. 
  • CHICAGO — Businesses outside the information technology sector have been less likely to seek cyber liability insurance, even after reports of data breaches at Target and other major businesses, according to small business insurance provider Insureon. 
  • NORTHBROOK — Allstate Corp. announced a quarterly dividend of 28 cents on each outstanding share of the corporation’s common stock, payable in cash on October 1 to stockholders of record at the close of business on August 29. 
  • SCHAUMBURG – Dennis Kerrigan, chief legal officer for Zurich North America, has been recognized by the Ethisphere Institute as one of the 2014 Attorneys Who Matter in the Best General Counsel Category. 
  • ITASCA — Arthur J. Gallagher & Co. said it has acquired Foundation Strategies, Inc. in Katy, Texas. Terms of the transaction were not disclosed. 
  • Gallagher could get $30 million for Rolling Meadows move
    ROLLING MEADOWS -- Insurance broker Arthur J. Gallagher & Co. will receive up to $30 million from a tax increment financing district that lasts 15 years rather than the standard 23, but other details of the company's planned move back to Rolling Meadows remain under negotiation. 
  • NORTHBROOK -- Allstate Corp., the largest publicly traded U.S. home and auto insurer, said catastrophes cost the company $216 million before tax in June. 
  • Assuming risk: Are you taking on more than you should?
    There’s no such thing as an uncovered risk or an unpaid claim. It’s just a matter of whether it’s the insurance company covering it or it’s you. Virtually every company owner is shocked to learn what risks their insurance strategy is not covering and how much risk they are taking on, and too often the business owner only finds out they’re forced to write checks for unpaid claims.
  • The success of any business depends primarily on initiative and hard work. These aspects of business are easier to control than the possibility of losing property to a fire or someone slipping and falling on the premises.   That’s why insurance is so important for people who own businesses.
  • ITASCA — Arthur J. Gallagher & Co. said it has completed the acquisition of the Canadian insurance broker, Noraxis Capital Corp. 
  • Schaumburg sees Zurich office becoming 'icon for the area'
    SCHAUMBURG -- Zurich North America kicked off construction Tuesday on what Schaumburg officials say will become an iconic building on the Motorola Solutions campus. 
  • Zurich to get $20.35 million in tax breaks  from state
    SCHAUMBURG -- While Zurich North America prepares to break ground for its new headquarters in Schaumburg, state officials agreed to a tax incentive package valued at about $20.35 million for the company. 
  • NORTHBROOK-- Allstate Corp., the second-largest U.S. home and auto insurer, said natural disasters cost the company $440 million before tax in May. 
  • ITASCA -- Arthur J. Gallagher and Co. recently bought Plus Cos. to add sales to clients including lawyers and architects. 
  • CHICAGO -- A new report finds health insurance prices in Illinois were increasing by about 10 percent or more annually in the three years before President Barack Obama signed the nation's health care law.


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