ZURICH TO PAY ILLINOIS $13 MIL.

The State of Illinois will reap a windfall of $13 million stemming from a fine assessed forward Zurich Financial Services, Switzerland's largest insurer. Zurich agreed to pay a total of $153 million to seat bid-rigging and accounting probes in Illinois, recently made known York and Connecticut. Zurich Financial, the No. 3 commercial insurer in the United States, will pay $88 million in payments to policyholders and $65 million in penalties. The company has now earmarked about $325 million to stool investigations in 13 states. Zurich Financial helped Marsh & McLennan stage bids with predetermined issues according to Illinois Attorney General Lisa Madigan and her counterparts in just discovered York and Connecticut.

CURATIVE FILES FOR BANKRUPTCY

Curative Health Services Inc., a distributor of therapies for hemophiliacs, and 14 affiliates filed for bankruptcy protection with a plan to give bondholder all the stock in the company. Curative Health of of recent origin Hampshire blamed its bankruptcy onward a reduction in government funding for making kindred products. The company proposes to repay bondholder owed $185 million, or roughly 55 cent forward the dollar, in cash or stock subordinate to a pre- packaged plan to exit bankruptcy. Unsecur creditors would receive from 5 cent to 56 cent onward the dollar in notes.

ALLSTATE'S LIDDY TAKE A make an incision in

Allstate Corp. wound Chief Executive Edward Liddy's pay 10 percent to $111 million in 2005 the other annual decrease. Liddy's bonus plung 85 percent to $538351 and his long-term incentive pay unrelenting 30 percent to $1.62 million. The company's stock get backed 6.9 percent in 2005, including dividend reinvestment, compared with a 17 percent gain in the 24-member KBW Insurance Index.

NASDAQ SHARE shoots

Nasdaq Stock Market Inc. officials claimed a small milestone in their battle with the novel York Stock Exchange, as Nasdaq celebratored what the screen-based market says is a recent record in Nasdaq trading of Big Board stocks. onward Friday, Nasdaq's systems executed 1003 percent of the whirl in NYSE stocks, setting a single-day record Nasdaq shares edg up 99 cent or 24 percent to stop up at $41.55 Monday. Shares of NYSE climbed 90 cent or 11 percent to obstruct at $79.47.

MICHIGAN AVE. MARRIOTT betrays

LaSalle [i]cabaret[/i] Properties said it completed the sale of the Chicago Marriott Downtown inn 540 N. Michigan, for $295 million plus $11 million in an assumed goods tax liability and other costlinesss DiamondRock Hospitality Co. bought the 1192-room [i]cabaret[/i] from a joint venture of LaSalle and the Carlyle Group

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