As of 2007, AIG was the largest commercial insurance underwriter with over 24 million direct premiums written. On October 30, 2008 the President and CEO of AIG Commercial, John Doyle, said that AIG Commercial was launching some new Products. He stated that now more than ever clients need us to react to their most pressing risk management issues. Some of the products and services they released include the following:
- Lex P-3 Solutions - Tailored risk management products that address the risks that come with public and private partnerships.
- AIG FlexAssure - Offers an expense based health benefit plan generating a lower cost alternative with comprehensive plan provisions.
- Pandemic Rx - An endorsement that reimburses businesses for income loss sustained and extra expenses incurred by acute care medical facilities during an influenza pandemic event.
- Truck Broker Liability Insurance - This liability policy addresses liability risks of truck brokers who bring together shippers needing to transport goods and authorized motor carriers.
AIG Commercial Insurance should be in a good place with their Pandemic RX policy, which should be available for swine flu insurance disasters. More to come……..