In Brief: AIG Unit in Property Coverage

Published February 21, 2007, 2:00 a.m. EST

Updated February 20, 2007, 4:33 p.m. EST

1 Min Read

AIG Environmental, a division of the property and casualty subsidiaries of American International Group Inc., announced Tuesday that it will begin offering property insurance.

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The new coverage, AIG Environmental Property, will be added to the division's environmental casualty insurance. It is the product of a collaboration between AIG Environmental and Lexington Insurance Co., a separate AIG subsidiary.

AIG Environmental Property is to be offered at a minimum premium of $5,000 and sold to small and midsize companies.

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