|AIG PROGRAMS APPOINTS THE DISTINGUISHED PROGRAMS GROUP TO ADMINISTER PROPERTY OWNERS PROGRAM|
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NEW YORK--Sept. 7, 2005--AIG Programs, a division of Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has appointed The Distinguished Programs Group as program administrator for Distinguished Program's Property Owners Program.
The Property Owners Program covers both primary liability and property insurance and is available nationwide for a range of real estate classes, including habitational and commercial properties. Property limits up to $50 million are offered, with flood and earthquake covered on a sub-limited basis. The program's supporting services include rapid policy issuance, loss control assessments, and claims handling based on protocols that expedite case resolution.
"We are pleased to work with The Distinguished Programs Group to provide one of the premier real estate programs in the country," said David A. Jordan, Senior Vice President of AIG Programs. "This program continues our initiative to expand AIG Real Estate Solutions(SM), a recently formed unit dedicated to serving the specific insurance and risk management needs of the real estate sector."
Andrew Potash, Chairman and CEO of The Distinguished Programs Group, commented, "Our rigorous selection process for our real estate business led us directly to AIG Programs. We were impressed with the depth of their underwriting and services talent, and together we will grow and expand our long-standing commitment to serving the real estate industry."
The Distinguished Programs Group, one of the nation's largest real estate program managers, has been active in the real estate program arena for over 10 years and currently manages more than 9,000 locations across the United States.
The Property Owners Program is available to licensed agents and brokers through The Distinguished Programs Group.
For more information, including applications, contact Jim Tesoriero, Senior Vice President, The Distinguished Programs Group, at (212) 297-3150 or firstname.lastname@example.org.
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 in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, 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 made available in all jurisdictions. Non-insurance products may be provided through independent third parties.