|LEXINGTON INSURANCE COMPANY INCREASES CAPACITY ON BIOCHEM SHIELD(SM)|
NEW YORK--Nov. 27, 2007--Lexington Insurance Company, a member company of American International Group, Inc. (AIG), today announced the company has increased capacity of BioChem Shield(sm) 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.