AI Risk Introduces Architects & Engineers Professional Liability Insurance on an Admitted Form; Online Quoting and Binding Available for Small & Mid-Sized Accounts

AI Risk's Architects & Engineers Professional Liability Insuranceprovides worldwide coverage for architecture and engineering firms andfirm employees in claims arising from allegations of errors, omissionsor wrongful acts related to services they provide or services othersrender for which they are legally liable. The program includes amediation provision that reduces the insured's deducible by 50% (witha maximum deductible of $20,000) when a claim is resolved throughmediation. Minimum premiums of $3,000 to $12,500 are available forcertain risk classes with policy limits up to $1 million. Policylimits of up to $5 million are available.

In conjunction with Donovan Hatem LLP, AI Risk also offers stateof the art risk management services including client contract reviews,risk management services, customer selection best practices, claimsinvestigation and management services and online education training.

"Brokers, agents and design firms nationwide have expressed adesire for easier access to Architects & Engineers ProfessionalLiability Insurance," said David Jordan, Senior Vice President, AIGPrograms. "AI Risk has responded by bringing this important coverageto market on an admitted form and making it available online for manyrisks."

Certain classes of architecture and engineering firms generatingup to $3 million in annual professional billings can be quoted andbound online using a streamlined application that is accessible via AIRisk ProgramConnect.

Launched in 2003, ProgramConnect provides brokers and agents withinstant premium indications for numerous specialty lines whenspecified limits and coverages are requested.* After completing astreamlined application, users can easily access a summary ofapplicant, policy and premium information for new business andmid-term renewals. Instant-bind capabilities are available for certainlines, if the application meets pre-approved underwriting guidelines.

For more information on Architects & Engineers ProfessionalLiability Insurance or other AI Risk and AI Risk ProgramConnectproducts, visit www.airisk.com or contact Terri Moran, Vice Presidentof Marketing, AIG Programs at (415) 836-7251 or terri.moran@aig.com.

American International Group, Inc. (AIG), world leaders ininsurance and financial services, is the leading internationalinsurance organization with operations in more than 130 countries andjurisdictions. AIG companies serve commercial, institutional andindividual customers through the most extensive worldwideproperty-casualty and life insurance networks of any insurer. Inaddition, AIG companies are leading providers of retirement services,financial services and asset management around the world. AIG's commonstock is listed in the U.S. on the New York Stock Exchange and ArcaEx,as well as the stock exchanges in London, Paris, Switzerland andTokyo.

* Insurance is underwritten by member companies of AmericanInternational Group, Inc., and is subject to underwriting review andapproval. The description herein is a summary only. It does notinclude all terms, conditions and exclusions of the policiesdescribed. Please refer to the actual policies for complete details ofcoverage and exclusions. Coverage may not be available in all states.Non-insurance products may be provided through independent thirdparties.