NEW YORK - Saturday, August 17th 2013 [ME NewsWire]
(BUSINESS WIRE) American International Group, Inc. (AIG) today announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance.
This new capacity from AIG, combined with the insurer’s financial strength and claims handling experience, can facilitate the efficient resolution of severe and complex litigation. Companies can now meet their Side A needs by significantly reducing the number of insurance carriers and policy layers necessary for adequate coverage, creating a more efficient D&O insurance structure.
"Too often, settlements are delayed or even increased when customers wait for several insurance carriers to agree on the resolution of a D&O claim,” said Michael Smith, President of AIG Global Financial Lines. "AIG is pleased to provide our clients expanded capacity to build one tower to avoid multiple coverage positions from differe
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