AI Risk, a unit of American International Group Inc., said Wednesday that it had started AI Risk Education Program, a multiline property and casualty program for private primary schools, colleges, and universities.
The program is designed for private grammar schools, high schools, and public and private colleges and universities with 10,000 or fewer students. It can include coverages including but not limited to property, inland marine, machinery and equipment breakdown, valuable papers and records, crime, primary commercial general liability and lead umbrella, incidental medical malpractice, abuse and molestation, and limited pollution coverage.
The standard program supplies property insurance with limits up to $25 million per location and primary casualty and lead umbrella coverage with limits up to $5 million.
