|LEXINGTON INSURANCE COMPANY INTRODUCES LEXASSURE(SM)|
Primary Professional Liability Insurance for Accounting Firms
NEW YORK, Apr 30, 2007 -- Lexington Insurance Company, a member company of American International Group, Inc. (AIG), today introduced LexAssure(SM), primary professional liability insurance designed expressly for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000. LexAssure(SM) covers all major accounting practice areas, with coverage extending to business consulting, investment advisory services, financial planning and estate planning. In addition, LexAssure(SM) provides coverage for personal injury that arises out of professional services rendered and advertising injury.
"Lexington is well established as a leading underwriter of professional liability insurance for the largest accounting firms," said Paul Cunningham, Vice President, Professional Liability, Lexington Insurance Company. "The introduction of LexAssure(SM) demonstrates Lexington's commitment to the accounting industry by bringing our professional liability underwriting expertise to smaller firms that provide a broad array of accounting services."
LexAssure(SM) is offered as a non-admitted policy and is available on an open brokerage basis. Minimum premiums start at $15,000 for the first $1 million in limit. Capacity is available up to $15 million with a minimum deductible of $10,000. Customized and complimentary risk management support and services are available to all LexAssure(SM) clients. Companion employment practice and management liability products are also available from Lexington.
For more information please contact: Chris Andrews at 617 330 8469 or Christian.firstname.lastname@example.org, or Paul Warburton at 215 255 6482 or email@example.com, or Paul Cunningham at 617 772 4586, 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 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 polices for complete details of coverage and exclusions. Coverage may not be available in all jurisdictions. Non-insurance products may be provided through independent third parties.
American International Group, Inc.