Executive Briefings

AIG Offers New Product for Transportation and Logistics Industry

American International Group (AIG) has introduced a new product under its NextGen Protection family to address requirements of transportation and logistics industry. Over £73 million has been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects, and a further £140 million will be invested by business.

Dubbed PLL Transportation and Logistics Protect, the newly released product primarily provides liability coverage for customers who transport or arrange transport for both hazardous and non-hazardous materials.

AIG Environmental Division executive Lana Keppel said the transportation and logistics industries are exposed to unique environmental risks at their facilities, or across the globe.

''Whether our clients are transporting by truck, rail or barge, PLL Transportation and Logistics Protect and our global footprint help to provide them with the protection they need,'' Keppel added.

Liability coverage includes new conditions coverage for locations not owned by the customer, but used for temporary products storage and discovery-restricted site coverage for clients owned or leased office spaces, warehouses, maintenance facilities and cargo storage facilities.

Additional offerings include coverage for spills occurring during power unit fueling, and crisis response coverage in addition to the policy limits of up to $250,000.

Headquartered in New York, AIG is a global provider of property-casualty, life and retirement, and general insurance solutions to customers in more than 130 countries.

Source: Insurance Business News

Dubbed PLL Transportation and Logistics Protect, the newly released product primarily provides liability coverage for customers who transport or arrange transport for both hazardous and non-hazardous materials.

AIG Environmental Division executive Lana Keppel said the transportation and logistics industries are exposed to unique environmental risks at their facilities, or across the globe.

''Whether our clients are transporting by truck, rail or barge, PLL Transportation and Logistics Protect and our global footprint help to provide them with the protection they need,'' Keppel added.

Liability coverage includes new conditions coverage for locations not owned by the customer, but used for temporary products storage and discovery-restricted site coverage for clients owned or leased office spaces, warehouses, maintenance facilities and cargo storage facilities.

Additional offerings include coverage for spills occurring during power unit fueling, and crisis response coverage in addition to the policy limits of up to $250,000.

Headquartered in New York, AIG is a global provider of property-casualty, life and retirement, and general insurance solutions to customers in more than 130 countries.

Source: Insurance Business News