Nuts & Bolts:
The AIG Cos. launched LexHomeland Protector, a comprehensive terrorism insurance portfolio designed to help protect businesses against terrorism risks, including losses arising from biological and chemical attacks. The portfolio introduces LexBioChem Shield, a new biochemical terrorism endorsement available to customers purchasing property terrorism coverage from the member companies of AIG, either on a property terrorism standalone basis or within a property policy. The new endorsement covers clean-up and business interruption expenses arising from a biological or chemical attack committed domestically by U.S. or non-U.S. citizens. LexBioChem Shield also offers a “prevention of re-occupancy” provision covering the full amount of an insured property’s value, subject to the policy sublimit, when civil authorities do not allow the insured to re-occupy the property post-remediation. In addition to LexBioChem Shield, LexHomeland Protector offers terrorism coverage for property and casualty risks broader than the requirements under the Terrorism Risk Insurance Act.
Dollars:
Limits up to $10 million are available.
Carrier:
Lexington, rated “A++” by A.M. Best.
States Available: All.
Contact: Charles Benda, (212) 770-3745, or homelandprotector@aig.com.
Was this article valuable?
Here are more articles you may enjoy.
Florida Surplus Lines’ HO Premiums Now Average About the Same as Admitted Market 
Florida Governor Signs Bill Dropping Building Permits for Work Valued at $7,500 or Less 
The Big Dog Is Off the Tech Porch: State Farm as ‘Next Gen Good Neighbor’ 
Tesla Premiums Soared in 2025 With Loss Ratios Worse Than Industry From This Issue
