Monday, October 27, 2008

AIG Unveils New EPL Coverage

The AIG Companies® have introduced AIG PassportSM for Employment Practices Liability (EPL), a service for U.S.- or Canada-based multinational companies to facilitate purchasing locally admitted EPL insurance to cover international operations and subsidiaries.

AIG Passport for Employment Practices Liability delivers EPL coverage for a wide variety of claims commonly brought by employees, such as lawsuits alleging wrongful dismissal, termination, retaliation, sexual harassment, libel, slander, humiliation, defamation and wrongful failure to employ or promote. The policy covers the company and the individuals typically named in these suits, including directors and officers.

AIG Passport for EPL is currently available to address risks in 26 foreign jurisdictions. Foreign EPL policies written through AIG Passport are issued by the locally licensed AIG Company, in compliance with local laws and regulations. Claims are handled by local AIG claims examiners, who are supported by a home country claims management team. AIG Passport for EPL is available for new and renewal business.

For more information on AIG Passport, contact AIGPassport@aig.com or visit www.aigpassport.com.

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