Spitzer Subpoenas Gallagher TPA

December 3, 2004

Itasca, Ill.-based Gallagher Bassett Services Inc., a third party administrator and a wholly-owned subsidiary of Arthur J. Gallagher & Co., received a subpoena from the office of New York Attorney General Eliot Spitzer requesting information in connection with an investigation it is conducting.

The subpoena does not seek information concerning Arthur J. Gallagher & Co.’s insurance brokerage operations. As of the date of this press release, Gallagher has not received a subpoena from Spitzer’s office in connection with Gallagher’s insurance brokerage operations, nor has Gallagher been named in any proceedings filed by Spitzer.

Similar to many other participants in the insurance industry, Gallagher has received subpoenas and requests for information from various other state attorneys general and from state departments of insurance regarding Gallagher’s insurance brokerage operations. Gallagher is cooperating with all such inquiries.

Topics A.J. Gallagher

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