AIG Excess Casualty, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), has rolled out a new online database of real-world claim scenarios designed to serve as an aid for both insurance buyers and brokers in benchmarking a particular liability type, industry or limit. AIG Excess Casualty brokers and clients can access the AIG xsClaims Archive at www.aigexcesscasualty.com.
The AIG xsClaims Archive contains nearly 2,000 high-cost claims examples in excess of an insured’s primary liability coverage from 1988 to 2004. Sorted by liability type and industry, insurance buyers and brokers can use the information provided to assess: • the kind of claims prevalent in a particular industry; • the potential liability exposure of specific claims; • the commercial umbrella policy limits of the defendant; • the event that triggered the claim; and • the state in which the occurrence took place.
“The form, frequency and severity of liability exposures can vary significantly from one business to the next, based on a range of correlating factors,” said Chris Maleno, president of AIG Excess Casualty. “The factual data found in the xsClaims Archive is a valuable risk management tool that will effectively help insurance buyers and brokers gauge the different types of industry-specific claims.”
To obtain a password, e-mail firstname.lastname@example.org or visit www.aigexcesscasualty.com. For more information on the AIG xsClaims Archive, contact Richard Tallo, AIG Excess Casualty, at (212) 458-6104 or email@example.com.
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