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American International Group, Inc.
Lexington Insurance Company Introduces Pandemic Rx
August 20th, 2008
Lexington Insurance Company, a unit of AIG Commercial Insurance, announced Pandemic Rx, an endorsement to Lexington's commercial property policy for acute care medical facilities to cover business income loss and extra expenses incurred during a declared pandemic influenza public health emergency (as defined in the policy). "Because of the complex nature of healthcare economics, a pandemic flu would put tremendous financial strain on healthcare providers. An increase in hospital admissions, expected during a pandemic flu event, could actually result in reduced revenues and business income loss," said Kevin Kelley, Chairman and CEO, Lexington Insurance Company. "In an...
Source: Vaccine Weekly (2008-08-20)
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