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
Topics Catastrophe Natural Disasters
Was this article valuable?
Here are more articles you may enjoy.
Jury Finds Johnson & Johnson Liable for Cancer in Latest Talc Trial 
Judge Awards Applied Systems Preliminary Injunction Against Comulate 
Viewpoint: How P/C Carriers Can Win the Next Decade With Tech + Talent 
Experian Launches Insurance Marketplace App on ChatGPT 
