AIG Higher Education Risk Solutions Formed to Address College and University Risks.Business Editors NEW YORK--(BUSINESS WIRE)--March 4, 2004 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 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 ), today announced the formation of AIG Higher Education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. Risk Solutions(SM), a division of the property and casualty insurance subsidiaries of AIG, to address the growing risks faced by colleges and universities. The new unit's Educators Elite(SM) product line offers a comprehensive range of property-casualty insurance solutions to cover the distinct liabilities of the higher education market. "Institutions of higher learning higher learning n. Education or academic accomplishment at the college or university level. face diverse exposures," said Tim McAuliffe Tim McAuliffe' is a comedy writer from Montreal, Canada. McAuliffe's credits include: This Hour Has 22 Minutes (CBC), The Hour with George Stromboulopoulos (CBC), Video On Trial (head writer), Stars On Trial (head writer), the 2005 & 2006 Muchmusic Video Awards, and , unit leader of AIG Higher Education Risk Solutions. "Dormitory fires, a food-borne illness Food-borne illness A disease that is transmitted by eating or handling contaminated food. Mentioned in: Campylobacteriosis, Shigellosis in the dining hall, or an allegation of harassment in a classroom are just a few of the events that can have disastrous consequences for an educational facility. Leveraging the AIG Companies' experience handling specialized claims, AIG Higher Education Risk Solutions helps mitigate these risks so that colleges and universities can focus on the day-to-day activities involved in educating students." AIG Higher Education Risk Solutions offers public and private colleges, universities, junior colleges and trade schools nationwide a broad range of customized coverages. The Educators Elite line includes: -- General property insurance, providing up to $100 million in capacity for property risks on campus and around the world; -- Property terrorism insurance Terrorism insurance is insurance purchased by property owners to cover their potential losses and liabilities that might occur due to terrorist activities. It is considered to be a difficult product for insurance companies, as the odds of terrorist attacks are very that goes beyond the federally mandated terror cover and responds to losses arising from terrorist acts committed in the U.S. or abroad; -- Primary general and management liability insurance with substantial limits and various attachment points; -- Excess casualty insurance, providing up to $150 million in excess protection for general liability exposures; -- Employment practices liability insurance for wrongful termination, sexual harassment sexual harassment, in law, verbal or physical behavior of a sexual nature, aimed at a particular person or group of people, especially in the workplace or in academic or other institutional settings, that is actionable, as in tort or under equal-opportunity statutes. and discrimination claims; -- Educators' liability insurance, covering claims alleging breach of duty or negligence related to curriculum, employment practices and fiduciary responsibilities against trustees, faculty, administrators and volunteers; and -- Accident and health and travel accident insurance for students and faculty studying or traveling abroad. For more information on AIG Higher Education Risk Solutions, please contact Tim McAuliffe at 212-770-2194 or LexHigherEd@aig.com. AIG is the world's leading international insurance and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. 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 London, Paris, Switzerland and Tokyo. Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties. |
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