Lexington adds coverage to keep up with changes in real-estate market. (Marketplace: Property/Casualty).Many real-estate firms have expanded services to remain competitive, which changes their risks. Several potential coverage gaps may exist as a result. Besides offering third-party management and sales or realestate development, partnerships and subsidiary arrangements are forming to provide real-estate leasing, property management and financing. To serve this changing market, Lexington Lexington. 1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. Insurance Co., a member company of American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , is offering the RealSelect product, which combines coverages for a range of liability exposures that realestate companies may now face. Lexington offers individual limits for each coverage up to a maximum of $25 million. Coverages available include errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. , directors and officers/general partners liability, employment practices liability and professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. pollution liability. RealSelect provides protection for a range of professional services for which real-estate firms derive a fee, including construction-management services and real-estate brokerage services. The plan is flexible, offering different deductible That which may be taken away or subtracted. In taxation, an item that may be subtracted from gross income or adjusted gross income in determining taxable income (e.g., interest expenses, charitable contributions, certain taxes). amounts for each line of coverage in coordination with limits, and complete employment practices liability coverage is available for third-party discrimination in conjunction with realestate related services. RealSelect policyholders also have access to Lexington's risk-management support program, EPL 1. EPL - Early PL/I. 2. EPL - Experimental Programming Language. 3. EPL - Eden Programming Language. U Washington. Based on Concurrent Euclid and used with the Eden distributed OS. Influenced Emerald and Distributed Smalltalk. Risk Management Services Select, which is accessible at www.EPLselect.com. |
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