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ARTHUR J. GALLAGHER & CO. ANNOUNCES

 ITASCA, Ill., Sept. 16 /PRNewswire/ -- Arthur J. Gallagher & Co. (NYSE: AJG) is pleased to announce that its subsidiary, Gallagher Bassett Services, Inc., has formed a new division, GBI Adjusting Company (GBIAC). GBI Adjusting Company, with principal offices in Chicago and London, will provide property loss adjustment services to Lloyds of London as well as domestic and international insurance carriers. GBIAC specializes in the adjustment of property losses assigned by carriers or their designated brokers or claim departments.
 GBIAC's services include loss adjustment, pre-risk surveys, in-depth fraud, arson and background investigations, and business interruption loss assessments. Its loss adjustment experience covers high-rise buildings, heavy equipment, inland marine cargo and livestock, as well as specialized lines such as jewelers and furriers block coverages, fine art museums, galleries and private collections. GBIAC also has expertise in the detection and investigation of highly sensitive and technical areas of loss including petroleum refining and chemical production operations, co-generation and hydroelectric power plants and waste treatment facilities.
 GBIAC will operate under the direction of Mr. William Buck, managing director, with the principal headquarters in Chicago.
 -0- 9/16/93
 /CONTACT: Michael J. Cloherty, Vice President-Finance of Arthur J. Gallagher & Co., 708-773-3800/
 (AJG)


CO: Arthur J. Gallagher & Co.; Gallagher Bassett Services, Inc. ST: Illinois IN: INS SU:

ML -- DE023 -- 2749 09/16/93 14:32 EDT
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Publication:PR Newswire
Date:Sep 16, 1993
Words:219
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