28.04.2008 13:30:00
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Lexington Insurance Company Increases Capacity on SAFETY Act Homeland Protector(R)
Lexington Insurance Company, an AIG company, today increased capacity to
$50 million from $25 million for the limits of liability offered for
Product Liability Insurance provided by its SAFETY Act Homeland Protector®
policy. The company also increased capacity to $25 million from $15
million for the Professional Liability Insurance provided by SAFETY Act
Homeland Protector®
policy.
SAFETY Act Homeland Protector®
provides product and professional liability coverage for companies
developing and selling anti-terrorism products and technologies in
accordance with the Support Anti-terrorism by Fostering Effective
Technologies (SAFETY) Act of 2002. The SAFETY Act provides important
legal liability protections for providers of Qualified Anti-Terrorism
Technologies – whether they are products or
services. The liability protections of the SAFETY Act require product
and technology providers to obtain insurance that meets certain
standards and characteristics, which the SAFETY Act Homeland Protector
provides.
"Due to the requests for increased limits
which we receive from clients in the Department of Homeland Security’s
designation or certification process, Lexington has raised its capacity
to provide additional financial safeguard against risks when such
products or technologies are deployed,” said
David Bresnahan, Division and Executive Vice President, Lexington
Insurance Company.
For more information on Lexington’s Safety Act
Homeland Protector contact Rob Cruz, Homeland Security Practice Leader
at 646-857-1436 or Robert.Cruz@aig.com.
Insurance provided by Lexington Insurance Company and its affiliates.
Issuance of coverage 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.
Non-insurance services may be provided through independent third
parties. Coverage may not be available in all jurisdictions. As a
surplus lines insurer, Lexington Insurance Company does not generally
participate in state guaranty funds.
American International Group, Inc. (AIG), a world leader 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 Ireland and Tokyo.
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American International Group (AIG) Inc. | 68,99 | -1,43% |
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