ÌìÃÀÍøÕ¾´«Ã½´«Ã½

American International Group Inc. (ÌìÃÀÍøÕ¾´«Ã½´«Ã½), announced the formation of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Higher Education Risk Solutions, a division of the property and casualty insurance subsidiaries of ÌìÃÀÍøÕ¾´«Ã½´«Ã½, to address the growing risks faced by colleges and universities.

The new unit’s Educators Elite product line offers a comprehensive range of property-casualty solutions to cover the distinct liabilities of the higher education market.

“Institutions of higher learning face diverse exposures,” said Tim McAuliffe, unit leader of ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Higher Education Risk Solutions. “Dormitory fires, a food-borne illness 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 ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Companies’ experience handling specialized claims, ÌìÃÀÍøÕ¾´«Ã½´«Ã½ 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.”

ÌìÃÀÍøÕ¾´«Ã½´«Ã½ 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 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 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 ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Higher Education Risk Solutions, contact LexHigherEd@aig.com .

Topics Property Training Development Education ÌìÃÀÍøÕ¾´«Ã½´«Ã½ Universities