Midwestern reaction to the bail out of insurance giant American International Group (AIG) varies by regions and officials. In Chicago Mayor Richard Daley is not happy about the Federal Reserve Bank’s decision to provide an $85 million bailout of insurance …
On Sept. 17, Fitch Ratings revised its Rating Watch on American International Group Inc. (AIG) and its subsidiaries to Evolving from Negative following the announcement that its board has approved a transaction under which the Federal Reserve Bank of New …
Illinois-based Arthur J. Gallagher & Co. announced it has acquired Summit Insurance Group in San Antonio, Texas. Terms of the transaction were not disclosed. Established in 1997, Summit Insurance Group offers a wide range of employee benefit consultation and brokerage …
Two Missouri Department of Transportation workers are being honored for their efforts to save two Illinoisans during a flash flood. Keith Golian and Thomas Ragland recently received the department’s Meritorious Safety Award. On July 25th, Ian Hughes and Garrett Pechenka …
The remnants of Hurricane Ike brought heavy winds and torrential rains to Missouri on September 15, causing flash floods and raising new concerns about swelling rivers, including parts of the Mississippi and the Missouri. Some sections of the state got …
Heffernan Insurance Brokers today announced the appointment of Greg Maciorowski as vice president in its Midwest practice group, based in Missouri. In this role, Greg will be charged with new business development for property and casualty risks, focusing on large …
Though some flood waters are receding and some residents in the Chicago area able to go home to begin the clean-up, the Department of Homeland Security confirmed on Tuesday, Sept.16, that six people had died in flood related circumstances. According …
State Farm Fire & Casualty Co. paid $250,000 to settle a lawsuit brought by a Biloxi, Miss. couple over damage to their home from Hurricane Katrina in 2005. Terms of the settlement were not disclosed Sept. 15 in U.S. District …
Midwest residents felt the wrath of Hurricane Ike this weekend as rains made their way up the corridor of the country pelting Illinois and Indiana spurring the Illinois governor to call for a state of emergency for Cook County. The …
Rescuers searching the waterlogged streets and splintered houses left behind by Hurricane Ike in Galveston they had saved nearly 2,000 people – many of whom then boarded buses to shelters without knowing where they were going or when they could …
