27.11.2007 14:30:00
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Lexington Insurance Company Increases Capacity on BioChem Shield(sm)
Lexington Insurance Company, a member company of American International
Group, Inc. (AIG), today announced the company has increased capacity of
BioChem Shieldsm from $10 million to $25
million. BioChem Shield is Lexington’s
coverage for property damage losses arising from terrorist attacks using
biological or chemical weapons.
"Lexington is committed to providing a
meaningful facility for terrorism risks. Due to the ever-changing face
of the risks in biological and chemical attacks, we believe increased
capacity against these perils is warranted,”
said George Stratts, Division Executive and Executive Vice President,
Lexington Insurance Company.
BioChemShield is an endorsement to Lexington’s
property insurance which is offered, in most cases, on all policies
which provide cover for terrorism.
For more information on Lexington’s BioChem
Shield contact Rob Cruz, Homeland Security Practice Leader at
646-857-1436 or Robert.Cruz@aig.com
and Michael Fogarty, Product Line Manager at 646-857-1357 or Michael.Fogarty@aig.com.
American International Group, Inc. (AIG), world leaders in insurance and
financial services, is the leading international insurance organization
with operations in more than 130 countries and jurisdictions. AIG
companies serve commercial, institutional and individual customers
through the most extensive worldwide property-casualty and life
insurance networks of any insurer. In addition, AIG companies are
leading providers of retirement services, financial services and asset
management around the world. AIG's common stock is listed on the New
York Stock Exchange, as well as the stock exchanges in Paris,
Switzerland and Tokyo.
*Insurance is underwritten by member companies of American International
Group, Inc., and is subject to underwriting review and approval. The
description herein is a summary only. It does not include all terms,
conditions and exclusions of the policies described. Please refer to the
actual policies for complete details of coverage and exclusions.
Coverage may not be available in all states. Non-insurance products may
be provided through independent third parties.
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