|AIG ENVIRONMENTAL(R) ENHANCES ITS ENVIRONMENTAL AND GENERAL LIABILITY EXPOSURES (EAGLE) PROGRAM(R)|
NEW YORK--April 9, 2007--AIG Environmental(R), a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), today announced it has enhanced its Environmental and General Liability Exposures (EAGLE) Program(R). EAGLE now provides a standard per-location general aggregate limit, covers newly acquired entities up to 180 days, and the general liability coverages have been upgraded to include broad form named insured and additional insured coverages.
EAGLE is a customizable insurance policy, which provides industry standard general liability coverage as well as a number of environmental coverage options for fixed-site facility businesses whose operations, processes or products sold present an environmental exposure.
In addition, EAGLE offers new customizable environmental coverages including:
As part of the environmental coverage, natural resource damage is included within the definition of property damage within the policy form.
"The latest version of EAGLE delivers a cost-effective casualty and pollution policy that eliminates many coverage gaps and added costs associated with standard general liability policies," said Joseph L. Boren, Chairman and CEO of AIG Environmental. "As many states enact legislation that increases the demand for environmental coverage, AIG is trying to make it simpler for a broad array of businesses from multiple sectors, to secure combined casualty and environmental coverage."
The new EAGLE coverage offers $25,000,000 in limit capacity and these limits are available in all 50 states and Canada. For more information on EAGLE, please contact Charlotte Osborne at 212-458-6266 or email at Charlotte.Osborne@aig.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 on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
Insurance underwritten by member companies of American International Group, Inc. (AIG). The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Anyone interested in the above product(s) should request a copy of the policy itself for a description of the scope and limitations of coverage. Please refer to the actual policies for complete details of coverage and exclusions. Policy terms may vary based on individual state requirements and may not be available in all states. Issuance of coverage is subject to underwriting. This document does not contain tax or accounting advice, nor shall it be relied upon by any person or entity for tax and/or accounting advice. Please contact your tax and accounting professionals.