AIG Environmental Enhances Its Environmental And General Liability Exposures (EAGLE) Program

New York - AIG Environmental, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), today announced it has enhanced its Environmental and General Liability Exposures (EAGLE) Program. EAGLE now provides a standard per-location general aggregate limit, covers newly acquired entities up to 180 days, and the general liability coverages have been upgraded to include broad form named insured and additional insured coverages.

EAGLE is a customizable insurance policy, which provides industry standard general liability coverage as well as a number of environmental coverage options for fixed-site facility businesses whose operations, processes or products sold present an environmental exposure.

In addition, EAGLE offers new customizable environmental coverages including:

• Blanket insured property coverage for sudden and accidental pollution events that occur within a seven-day period and reported within 21 days;
  
• On- and off-site coverage for bodily injury, property damage and coverage for off-site cleanup for both new and pre-existing conditions from scheduled insured properties;
  
• Pollution coverage for scheduled non-owned and non-operated locations, including disposal sites; products pollution; pollution conditions from transported cargo and miscellaneous contractors pollution coverage on an occurrence basis;
  
• Microbial matter;
  
• Coverage for unknown underground storage tanks.

As part of the environmental coverage, natural resource damage is included within the definition of property damage within the policy form.

"The latest version of EAGLE delivers a cost-effective casualty and pollution policy that eliminates many coverage gaps and added costs associated with standard general liability policies," said Joseph L. Boren, Chairman and CEO of AIG Environmental. "As many states enact legislation that increases the demand for environmental coverage, AIG is trying to make it simpler for a broad array of businesses from multiple sectors, to secure combined casualty and environmental coverage."

SOURCE: American International Group, Inc.