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Lexington Boosts Comm. Property Capacity

Lexington Insurance Company, a subsidiary of New York-based American International Group Inc., said it has increased its capacity for commercial domestic property insurance to $250 million from $100 m

By Staff Writer | Updated on June 23, 2006

Lexington Insurance Company, a subsidiary of New York-based American International Group Inc., said it has increased its capacity for commercial domestic property insurance to $250 million from $100 million.

Lexington said its increased capacity would cover all commercial property on any noncatastrophe account. It would cover not only commercial buildings, but also municipalities, retail spaces, office buildings and hotels. The company said it also would support the carrier’s focus in key areas such as health care, real estate and higher education as well as hospitals and communications risks.

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