American International Group unveiled a new, environmentally-friendly insurance product today that gives commercial property policyholders coverage for a "green" rebuilding job.
The insurer said its Lexington Insurance Company unit is now selling "Upgrade to Green Commercial," which allows policyholders to rebuild an insured structure and replace personal property "with products that embrace sustainability principles and reduce the overall impact of the building on the environment."
The product is available as an endorsement to Lexington Insurance Company's commercial property insurance policies, and is the latest addition to Lexington's suite of "EcoSurance" products, the company said.
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