Aon Corporation Announces Agreement in Principle to Acquire Auto Insurance Specialists, Inc.CHICAGO--(BUSINESS WIRE)--June 9, 1998--Aon Corporation (Aon) today announced that it has reached an agreement in principle to acquire Auto Insurance Specialists, Inc. (AIS). Terms of the agreement were not disclosed. Headquartered in Hermosa Beach Hermosa Beach (hûrmō`sə), city (1990 pop. 18,219), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1907. It is a residential suburb and a popular resort noted for its fine, sandy beaches and excellent surf. , California and operating out of 16 offices throughout California, AIS specializes in offering preferred, standard and non-standard auto insurance coverage to a broad spectrum of risk profiles. The transaction is subject to satisfactory completion of due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. , approval by the parties' respective boards of directors, execution of definitive agreements and requisite regulatory approvals. Aon Corporation is an insurance services company that comprises a family of insurance brokerage, consulting and insurance underwriting subsidiaries. Aon's common stock (Symbol AOC AOC, n an acronym for the Aromatherapy Organizations Council. ) is listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago and London stock exchanges London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. .
CONTACT: Aon Corporation
John F. Roskopf
Vice President, Financial Relations
312-701-3983
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