Peoria insurance firm to make $15M headquarters addition
PEORIA, Ill. (AP) — The insurance firm RLI Corp. has announced a $15 million addition to its headquarters in Peoria.
The Journal Star reports (http://bit.ly/1ExB2yy ) that RLI chairman and CEO Jonathan Michael made the announcement on Monday. He called it the “next phase of renovation” after the company completed a $20 million facelift in 2013.
The latest construction will include a new building and reroute a roadway. Work is scheduled to be finished in 2016.
RLI Corp. recently marked its 50th anniversary. The insurance firm earned $189 million last year.
Information from: Journal Star, http://pjstar.com