|LEXINGTON INSURANCE COMPANY ANNOUNCES NEW HUMAN & SOCIAL SERVICES RISK SOLUTIONS(SM) INDUSTRY PRACTICE|
Specialized Insurance Programs for Employees and Clients of Social Service Entities
NEW YORK--Dec. 12, 2007--Lexington Insurance Company today announced the formation of AIG Human & Social Services Risk Solutions(SM), a new industry practice to provide insurance and risk management solutions to the social services sector.
The new industry practice serves for-profit and non-profit organizations in the social services industry, including alcohol and drug rehabilitation clinics, adult day care, mental health facilities, community service organizations, counseling service organizations and crisis centers. AIG Human & Social Services Risk Solutions provides coverage for the entity, its volunteers and employees. The group offers a comprehensive portfolio of insurance including: professional liability, general liability, directors and officers liability, workers' compensation, property, inland marine, automobile, employee benefits liability, sexual abuse/molestation liability, crime/fidelity, umbrella liability, employment practices liability, accident and health, and boiler and machinery.
"Social services programs face a broad spectrum of exposures that are unique to their industry, and these organizations need insurance products and specialized account support for their specific risk management needs," said Matthew F. Power, President of Risk Specialist Companies, Inc. "AIG Human & Social Services Risk Solutions will provide the sector with access to the full range of AIG's insurance and help these organizations eliminate many of the gaps in coverage that frequently result when dealing with multiple carriers."
Frank T. Nosek, will serve as practice leader for the new organization. In this capacity, Mr. Nosek will coordinate with AIG's Program Administrators and brokers to facilitate access to AIG's extensive product portfolio.
For more information about AIG Human & Social Services Risk Solutions, please contact Frank Nosek at (617) 330-4370 or e-mail at Frank.Nosek@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.