Products & Services

Accel Elite covers expatriate employees

NEW YORK—AIG WorldSource, a division of American International Group Inc., is offering Accel Elite employers liability coverage for U.S. companies with operations in the United Kingdom.

Accel Elite provides professional case management for employees who are injured or made ill at work, including oversight and coordination of medical treatment, no-fault medical rehabilitation services and vocational consulting. Clients can use a 24-hour, 365-day incident call center staffed with operators trained to lead employers through the accident reporting process and ensure compliance with health and safety regulations.

Additionally, Accel Elite offers onsite professional health and safety reviews of a company's processes and procedures, access to a health and safety hotline for questions and advice on best practices and legal compliance, and support for businesses in the aftermath of a serious accident.

For more information, visit www.aigworldsource.com.

Lexington introduces accounting liability policy

NEW YORK—Lexington Insurance Co. has introduced LexAssure, a primary professional liability policy designed for small and midsize regional accounting firms with annual revenue greater than $1 million.

LexAssure covers all major accounting practice areas, with coverage extending to business consulting, investment advisory services, financial planning and estate planning. In addition, LexAssure provides coverage for personal injury that arises out of professional services rendered and advertising injury.

LexAssure is offered as a nonadmitted policy and is available on an open brokerage basis. Minimum premiums start at $15,000 for the first $1 million limit. Capacity is available up to $15 million with a minimum deductible of $10,000. Customized and complementary risk management support and services are available to all LexAssure clients.

Companion employment practice and management liability products are also available.

For more information, contact: Chris Andrews, underwriting manager, at 617-330-8469 or at christian.andrews@aig.com; Paul Warburton, underwriting manager, at 215-255-6482 or at paul. warburton@aig.com; or Paul Cunningham, vp, professional liability, at 617-772-4586 or paul.cunningham@aig.com.

EQECAT launches offshore energy model

OAKLAND, Calif.—EQECAT Inc., a wholly owned subsidiary of ABSG Consulting Inc., has launched an offshore energy model for the Gulf of Mexico region.

In developing the Offshore Energy Model, EQECAT combined its extreme-risk modeling experience with the offshore experience and risk management knowledge of ABS Consulting, which does extensive work with energy companies and the U.S. government.

EQECAT's Offshore Energy Model covers a range of risks in the Gulf of Mexico region for oil and gas platforms, pipelines and other offshore energy industry infrastructure.

It also takes into account the removal of debris caused by a specific event, business interruption and contingent business interruption.

For more information, visit www.eqecat.com.

MedRisk introduces comp claim card

KING OF PRUSSIA, Pa.—MedRisk Inc., a claims services and medical management company, has introduced the MPower Card, a service for issuing workers compensation indemnity payments.

MedRisk, in association with a bank provider of stored-value services, provides Visa-branded debit cards and supporting processes to workers compensation payers. Claims payers electronically send payment files to MedRisk, which then coordinates with the bank to issue a card to each new claimant and deposit funds into the account. Subsequent claims payments are made by electronically transferring funds to existing cards.

MPower cards offer a variety of benefits to insurance companies, third-party administrators, self-insured employers and state funds. They reduce the costs associated with paying by check, eliminate check fraud, improve cash control, and enhance customer service and claimant satisfaction. Services include client-branded cards, a customer support call center and Web site.

Injured employees can use the card at ATMs, banks and other locations where Visa is accepted. Claimants do not need to have a bank account, nor do they incur check cashing fees when using the MPower Card. Claimant's funds also are protected against stolen or lost cards.

For more information, contact Rommy Blum, marketing director, at 610-768-5812, ext. 150, or by e-mail at rblum@medrisknet.com.