AIU Holdings targets federal projects

The environmental division of AIU Holdings (the rebranded non-life insurance business of AIG and itself a recipient of federal funding) has developed a comprehensive insurance product, the Environmental Infrastructure Solution, which is specifically aimed at the environmental risks associated with the infrastructure projects identified by the American Recovery and Reinvestment Act recently passed by the US Congress. Russell Johnston, president and chief executive officer of AIU Holding’s environmental division, said that its new cover combined, in one policy form, contractors’ pollution, fixed-site pollution and emergency response cover. In addition, coverage is extended to all entities involved in the construction and operation of a project, and specifically met the distinct needs of project owners and contractors of all disciplines. Mr Johnston said that the AIU insurance also covered important gaps that may arise from standard general liability policies or from less integrated and comprehensive insurance programs when entities purchase separate policies for a project. Project types include roads, bridges, tunnels, rail, prisons, utility, power plants, water treatment plants and airports. Mr Johnston said that the American Act offered exciting opportunities for the improvement of the infrastructure of the US and it was AIU’s goal to mitigate the environmental risks associated with this improvement.