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Hurricane Michael leads Allstate to $202M in losses during October
Nov 15, 2018 9:22 AM
The Allstate Corp. announced estimated catastrophe losses for the month of October 2018 of $202 million, pre-tax ($160 million, after-tax).
Should Uber, Lyft drivers get extra insurance?
By LACIE GLOVER
Apr 8, 2018 1:00 AM
Uber and Lyft drivers might seem well-insured, between the ride-booking companies' coverage and their own policies. However, a crucial gap leaves drivers at risk if they have an accident at the wrong time.
Work from home? If you don't have this insurance, you could be at risk
Mar 4, 2018 1:00 AM
If you work for yourself from home or run a home-based business, you need insurance to protect yourself. Why? "You need to separate your business from your home. If you make a mistake in your professional life, you don't want people to be able to come after your home," says insurance agent Mark Ahart.
Why millennials should care about Medicare right now
By LIZ WESTON
Feb 25, 2018 8:48 AM
Lawmakers understand that cutting current retirees' Medicare benefits is a political nonstarter. Older people vote, and they have one of the most powerful lobbyists, AARP, advocating on their behalf. Younger people? Not so much. Politicians will be tempted to foist the biggest cuts on people farther away from retirement (who are presumably paying less attention).
Allstate president retires in executive restructiring
Daily Herald Report
Jan 5, 2018 6:00 PM
Allstate Corp. President Matt Winter will retire at the end of February, the company announced Wednesday,
Splurging on an expensive gift? Don't forget to insure it
By LACIE GLOVER
Dec 17, 2017 7:24 AM
Insurance might be the least exciting thing about surprising your loved one with a valuable gift this holiday -- but don't let it fall off your priority list.
Getting engaged? Tell your insurance agent about the ring
By BETH BUCZYNSKI
Dec 10, 2017 7:16 AM
If you recently got engaged -- or are planning to pop the question this holiday season -- the first person you might want to tell about your beautiful ring is an insurance agent.
Gallagher acquires London company
Daily Herald Report
Dec 5, 2017 11:56 AM
Arthur J. Gallagher & Co. in Rolling Meadows acquired London-based Gatehouse Consulting Limited.
Companies face pressure to keep benefits for same-sex partners
Nov 12, 2017 7:17 AM
After the Supreme Court legalized same-sex marriage in 2015, some big companies stopped offering domestic-partner benefits, assuming that committed same-sex couples would just get married. But that's not the case.
4 steps to disaster-proof your finances
By LIZ WESTON
Nov 12, 2017 7:19 AM
This year delivered epic wildfires, devastating hurricanes, massive floods and some pretty horrific earthquakes. Yet many people still haven't taken a few critical steps to protect their financial lives from such disasters.
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More Business Insights
A Weighty Question for Employers: Is it Illegal to Discriminate Against Employees Because of Obesity?
Since the passage of the Americans with Disabilities Act ("ADA"), one of the issues which continues to perplex employers is whether obesity is a disability under the Act. The answer to this question is important for many reasons.
Weiss & Company LLC celebrates 50th anniversary in style
Last month, a crowd of over 300 gathered at The Glen Club in Glenview to celebrate the 50th anniversary of Weiss & Company LLP, one of the area's most enduringly successful accounting firms.
The most ignored retirement asset
The main goal of someone when they retire is to make sure they have protected the Longevity of their money, they can maintain a Lifestyle they are accustomed, to have the Liquidity needed to maintain that lifestyle, and to leave a Legacy to their heirs.
Switching accounting methods can provide instant tax savings for manufacturers
As a manufacturer or distributor, you probably determine taxable income using the accrual method of accounting but switching accounting methods can provide tax savings. In the past, anyone with inventory was generally required to file tax returns under the accrual method. The Tax Cuts and Jobs Act changed this requirement in 2018. Under the new tax law, manufacturers can now switch to the cash basis for tax reporting if gross revenue is under $25 million. The new tax law provides many advantages for manufacturers.
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