Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has increased capacity of its BioChem Shield product from $10 million to $25 million. BioChem Shield is Lexington’s coverage for property damage losses arising from terrorist attacks using biological or chemical weapons.
“Lexington is committed to providing a meaningful facility for terrorism risks. Due to the ever-changing face of the risks in biological and chemical attacks, we believe increased capacity against these perils is warranted,” said George Stratts, Division Executive and Executive Vice President, Lexington Insurance Company.
BioChemShield is an endorsement to Lexington’s property insurance which is offered, in most cases, on all policies which provide cover for terrorism.
Source: Lexington
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