|AI RISK(R) INTRODUCES LEXEXPRESS(SM)|
New Excess Auto Liability Coverage Addresses Trucking Industry Risks, a Key Component of AIG's Transportation Solutions(R) Practice
NEW YORK--Jan. 22, 2008--AI Risk Specialists Insurance, Inc. (AI Risk(R)), a wholly owned brokerage subsidiary of American International Group, Inc. (AIG), today announced LexExpress(SM), excess auto liability insurance developed to address the needs of small to medium- sized fleets in the trucking industry.
LexExpress is designed to provide limits of $1,000,000 in excess of a $1,000,000 primary placement. In addition to the standard excess auto liability coverage, the policy provides ancillary coverages such as pollution and accident & health coverage. AI Risk can address the exposures of long and short-haul truckers, flat bed haulers, dry bulk garbage, mix-in-transit, and moving and storage.
"LexExpress is an efficient, automated solution designed to fulfill the excess liability needs of small truck fleets." said Ben Beauvais, Vice President, AI Risk.
LexExpress is underwritten on a non-admitted basis by Lexington Insurance Company as part of the AIG Transportation Solutions practice, and is available throughout the United States with the exception of Alabama, Delaware, Louisiana, New York City and New Jersey. LexExpress can be accessed via AI Risk ProgramConnect(R) (http://www.programconnect.com) allowing the product to be quickly quoted and bound online.
For more information, please contact Sandi McCabe at 518-220-7336 or Sandi.McCabe@aig.com.
AI Risk is a licensed broker that provides specialty property/casualty and personal lines insurance underwritten by Lexington Insurance Company and other AIG Companies. AI Risk is one of the nation's leading underwriters of program business.
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.