|LEXINGTON INSURANCE COMPANY INTRODUCES EVACUATION RESPONSE COVERAGE FOR SELECT HEALTHCARE AND HIGHER EDUCATION INSTITUTIONS|
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NEW YORK--June 22, 2006--Lexington Insurance Company, a member company of American International Group, Inc. (AIG), today announced Evacuation Response Coverage for select healthcare and higher education institutions. The coverage insures policyholders for evacuation expenses incurred as a result of complying with mandatory evacuation orders from local civil authorities.
Lexington's Evacuation Response Coverage insures policyholders against expenses incurred for transportation, shelter, food and medical care for patients, students and essential employees in response to a mandatory evacuation order. The coverage insures an evacuation period lasting up to 30 days and can be written to protect multiple locations. Direct physical loss or damage is not required to trigger coverage.
"We created Evacuation Response Coverage as a way to further protect our healthcare and higher education customers against the costs related to mandatory evacuations," said George Stratts, Property Division Executive and Senior Vice President, Lexington Insurance Company. "This coverage represents Lexington's further commitment to these industries with added protection, which is particularly needed during storm seasons."
For more information on Lexington's property capacity or insurance contact Daniel Haskell, Product Line Manager, Lexington Insurance at (617) 330-4220 or email@example.com.
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 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 available in all states. Non-insurance products may be provided through independent third parties.