AIG’s Terrorism Protection Portfolio Includes Biological and Chemical Attack Coverage

November 5, 2004

The AIG Companies have 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.

“With many new risks and uncertainties emerging since 9/11,
businesses nationwide are recognizing the need to protect their
organizations against the threat of terrorism,” said Kevin Kelley,
chairman and chief executive officer of Lexington Insurance Company.
“LexHomeland Protector sets a new standard in addressing these
exposures with landmark coverage for biological and chemical attacks.”

LexBioChem Shield, a biochemical terrorism 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. Limits up to $10 million are available. 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 far broader than
the requirements under the Terrorism Risk Insurance Act, including:

— Property Terrorism coverage that insures against acts of
terrorism committed by either U.S. or non-U.S. citizens and
can be purchased either on a standalone basis or within a
property policy;

— LexSAFETY Act Homeland Protector, a set of product and
professional liability coverages designed for companies that
sell, provide or license anti-terrorism technologies certified
under the U.S. SAFETY Act;

— LexCyberSecure insurance covering losses arising from
computer attacks by cyber terrorists, hackers and others;

— LexVenue Liability Protector, a broad, general liability
coverage that includes Accidental Death and Dismemberment
(AD&D) insurance to cover patrons killed or injured in a
terrorist attack or other covered event, and

— Threat and Vulnerability Risk Assessment (TVRA), an online
tool that assists companies in identifying potential crises
based on six risk factors – Vulnerability, Corporate Security
Planning, Physical Security, Personal Security, Training and

The LexHomeland Protector portfolio is the core offering of the
new Lexington Homeland Security Practice within the AIG Companies. The Practice is directed by Dr. Charles Benda, Ph.D., senior vice
president of AIG Consultants, Inc., who brings more than 13 years of
insurance project management, product development and strategy
creation and implementation experience to the initiative.
For more information on the LexHomeland Protector portfolio,
contact Benda at

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