|Lexington Insurance Company Announces Law and Ordinance Upgrade|
Coverage Enhancement Now Available to Commercial Property Insureds
NEW YORK – July 24, 2012 - Lexington Insurance Company, a Chartis company, today announced the introduction of Law and Ordinance Upgrade, a new enhancement that is available to Lexington’s Higher Education, Healthcare and Commercial Real Estate Property policyholders.
In the event of a covered loss, Law and Ordinance Upgrade covers costs to rebuild insured property to building codes and safety standards in accordance with the latest published International Building Code (IBC) or International Existing Building Code (IEBC) even if the local applicable building codes have not yet adopted those standards.
“Property owners are constantly looking to improve the safety and efficiency of their buildings,” said Erik Nikodem, a Lexington Executive Vice President and its Property Division Executive. “Law and Ordinance Upgrade is designed to help our insureds keep ahead of evolving building and equipment regulations.”
For more information regarding Law and Ordinance Upgrade, please contact Mike Reid, Property Underwriting Officer, at (617) 330-8429 or firstname.lastname@example.org. You can also visit http://www.lexingtoninsurance.com/, as well as http://www.lexcasts.com/ for the Law and Ordinance Upgrade podcast and additional information on this coverage enhancement.About Chartis
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.aig.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.