|AIG PROGRAMS ANNOUNCES EVENT CANCELLATION INSURANCE PROGRAM|
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NEW YORK--April 10, 2006--AIG Programs, a division of Lexington Insurance Company, a member company of American International Group, Inc. (AIG), today announced an Event Cancellation Insurance Program covering losses incurred when an event is cancelled for reasons beyond the insured's control. The Event Cancellation Insurance Program is administered by HCC Specialty Underwriters, Inc.
Coverage is available for all types of events held in the U.S., Europe and throughout the world, including trade shows, conventions, concerts, and sporting events of any size. The program can be customized to address exposures unique to conventions, such as the loss of revenue suffered if a principal scheduled speaker can not appear.
"Numerous incidents out of an event producer's control can impact the bottom line. This includes everything from a fire at the event venue, to a hurricane in the region, to a terrorist attack that occurs hundreds of miles away," said David A. Jordan, Senior Vice President of AIG Programs. "Event Cancellation Insurance allows companies in the event, sports, marketing and entertainment industries to address this significant risk," Event Cancellation Insurance can be purchased alone or as part of a TotalEvent(TM) suite of coverages, which includes Special Event Liability Insurance, Weather Insurance, and Prize Indemnity Insurance. To learn more, contact Mark Barry, Senior Vice President, HCC Specialty Underwriters at firstname.lastname@example.org 781-994-6000, ext. 6251.
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 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.