Summary
This Form 8-K filing by Arthur J. Gallagher & Co. (AJG) on December 2, 2004, primarily disclosed that its wholly-owned subsidiary, Gallagher Bassett Services, Inc., a third-party administrator, received a subpoena from the New York Attorney General's office. This investigation pertains to the subsidiary's operations and does not involve AJG's core insurance brokerage business. As of the filing date, AJG itself had not received any subpoenas or been named in any proceedings by the New York AG concerning its brokerage operations.
Key Highlights
- 1Gallagher Bassett Services, Inc., a subsidiary of AJG, received a subpoena from the New York Attorney General.
- 2The subpoena relates to an investigation into the operations of Gallagher Bassett Services, Inc.
- 3The investigation does NOT concern Arthur J. Gallagher & Co.'s insurance brokerage operations.
- 4As of the filing date, AJG has not been subpoenaed or named in any proceedings by the New York AG regarding its brokerage business.
- 5AJG is cooperating with inquiries from various state attorneys general and insurance departments regarding its brokerage operations.
- 6The company is aware that other participants in the insurance industry have also received similar inquiries.