AIG Companies Introduce AIG Passport for Errors & Omissions Liability Insurance.New Service Streamlines Purchase of Global E&O Coverage NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Companies([R]) today introduced AIG Passport(SM) for Errors & Omissions (E&O), a service created for multinational companies to facilitate purchasing locally admitted E&O liability insurance to cover their international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. and subsidiaries. AIG Passport provides an efficient service platform to address clients' need for admitted insurance policies in countries in which they have business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . AIG Passport for E&O is available for new and renewal business, and will initially be available in 18 of the most in-demand countries. It enables multinationals to purchase professional liability coverage tailored for specific industries, including: technology, real estate, travel agents, staffing/recruitment agencies and claims adjusting. Just as the AIG Companies have provided admitted policies around the world for many years, AIG Passport policies are issued by locally licensed AIG Companies that are compliant with local laws and regulations. Claims will be handled by local AIG claims examiners supported by a home country management team. "Multinationals are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a streamlined way to purchase locally admitted liability coverage for their operations around the globe," said Lisa Butera, President, Professional Liability Division, AIG Executive Liability "AIG Passport can meet this demand by helping corporations obtain E&O policies that adhere to local customs, laws and regulatory guidelines." "With the ever increasing level of litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. against professionals globally, this service ensures our customers receive the best protection regardless of where they operate," said Colin Buchanan, Professional Indemnity Manager, AIG Foreign General Insurance. AIG Passport for E&O is the third product to include the AIG Passport service. In September of 2006, AIG Passport for Directors and Officers (D&O) was introduced to facilitate the purchase of locally admitted directors' and officers' liability insurance directors' and officers' liability insurance A type of insurance taken to protect a firm's directors and officers against lawsuits  mainly suits instituted by unhappy shareholders of the firm. . This
May, AIG Passport for Excess Casualty was introduced to facilitate the
purchase of locally admitted excess casualty coverage. The AIG
Companies' unique global franchise--with operations in over 130
countries and jurisdictions--and financial strength enables them to
consistently deliver products to meet evolving insurance coverage needs
worldwide.
For more information on AIG Passport for E&O, please contact AIGPassport@aig.com or visit www.aigpassport.com. American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. , as well as the stock exchanges in Paris, Switzerland and Tokyo. |
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