Nuts & Bolts: AIG Global Trade and Political Risk Insurance Co., a member company of American International Group Inc. (AIG), has introduced a new political risk insurance coverage for small and mid-sized companies. The insurance protects small- to mid-size businesses with cross border businesses and contracts against government interference. The policy covers losses from confiscation, expropriation, nationalization and selective discrimination for permanent investments and mobile assets, and embargo and license cancellation for cross-border contracts.
Dollars: Policy offers coverage in more than 100 countries.
Contact: Ray Ruga, (212) 770-7357
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