|LEXINGTON INSURANCE COMPANY INTRODUCES LEX INFRASTRUCTURE SOLUTIONS(SM)|
New Suite of Products and Services Designed for Bridge, Street and Road Contractors, Part of AIG's Construction Solutions(R) Practice
NEW YORK--Jan. 22, 2008--Lexington Insurance Company, an American International Group company, today announced Lex Infrastructure Solutions, a suite of insurance coverages tailored for contractors performing bridge and road work in the United States.
Lex Infrastructure Solutions is a modular suite of coverages designed for bridge, street and road contractors with annual revenues up to $150 million, or for projects with construction costs up to $150 million. The coverages, provided by Lexington and other member companies of AIG as part of AIG's Construction Solutions Practice, can include primary and excess liability insurance as well as builder's risk, architects and engineers professional liability, contractors professional liability, railroad protective liability, workers' compensation and auto liability insurance.
"States and municipalities have a long and costly challenge ahead to repair and rebuild many of the nation's bridges," said Thomas Grandmaison, Vice President, Lexington Insurance Company. "Lex Infrastructure Solutions is designed to provide the insurance protection contractors need when undertaking projects that will keep America's infrastructure strong."
Lex Infrastructure Solutions' primary general liability and excess casualty insurance is provided on an annual term or a project-specific basis, with aggregate project limits up to $50 million or more, subject to underwriting. The broad primary liability coverage can include project-specific professional liability insurance and rip & tear coverage. Lex Infrastructure Solutions policyholders can also take advantage of risk management services, including legal contract reviews provided by an independent law firm experienced and qualified in the area of construction contract review. These contract review services will assist policyholders identify, mitigate and manage (by contract terms and otherwise) covered risk exposures. The worker's compensation program may also provide access to The AIG RiskTool System(R), an online loss prevention and risk management platform.
To learn more about Lex Infrastructure Solutions, contact Tom Grandmaison at 617-345-4130 or firstname.lastname@example.org.
American International Group, Inc. (AIG), a world leader 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 and Tokyo.