Nuts & Bolts:
The AIG Companies launched LexHomeland Protector, a comprehensive terrorism insurance portfolio to help protect businesses against terrorism risks, including losses from biological and chemical attacks. The portfolio introduces LexBioChem Shield, a new biochemical terrorism endorsement for customers purchasing property terrorism coverage from AIG member companies, 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. A “prevention of re-occupancy” provision covers 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.
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.
Topics Catastrophe Natural Disasters Property
Was this article valuable?
Here are more articles you may enjoy.
State Farm Must Give Up Trade Secrets in Claims Lawsuits, but Under Court Review 
Orion180 Files for IPO, Eyeing Home and Flood Insurance Market 
Four Patients Affected, One Paralyzed, After Drug Mix-Up at Nashville Hospital 
Progressive Boosts Exposure With Football Field Logos at 13 Universities From This Issue
