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Product:

AIG Property Terrorism Facility
Updated: April 09, 2003
Acts of Terrorism / Property Facility


NOW INCLUDES:
  • Business Interruption
  • Loss of Rents
  • Extra Expense
MINIMUM Premium: $50,000
  • Property Damage Coverage
  • $150 million in limits available per insured/event
  • Locations specifically named
  • Policy period of one year
  • Threat Assessment available
The Acts of Terrorism/Property Facility can be accessed through our local underwriters. Listed below are those divisions and affiliates of American International Companies and their respective senior executives with underwriting authority for this initiative:

North American Accounts (U.S. and Canada):
Lexington Insurance Company
Jack GrahamProperty Executive(617) 330-8250
Jim ParkerUnderwriting Manager(617) 330-8560


U.S. Based Multinationals/Global Accounts:
AIG WorldSource
Michael WaitkusExecutive Vice President(212) 458-3485


Foreign Accounts:
American International Underwriters
Robert PerrottaSenior Vice President(212) 770-5009
Jim AlbesVice President(212) 770-5369


Energy Accounts:
Starr Tech
Marz ChhorVice President(212) 770-6079


Underwriting and pricing for this insurance will be subject to individual analysis of each location covered, with limits provided on a first loss basis. Valuation can either be replacement cost or actual cash value. Premium payment is due within 15 days of inception.

Insurance provided by member companies of American International Group, Inc. (AIG). The description above does not include all terms, exclusions and conditions in the policy and is not intended to be relied upon by potential insureds. Anyone interested in the above product should request a copy of the policy itself for a complete description of the scope and limitation of coverage.