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AIG Unit Offers Mold Protection Program to Eastern Schools
October 30, 2002

The Hartford Steam Boiler Inspection and Insurance Company, a unit of American International Group, announced it would offer a mold protection program to help clients prevent and manage risks temming from mold growth.

The new program will first focus on schools in Pennsylvania, New Jersey, and Connecticut.

"Mold can cause health concerns and major property damage that strains local budgets and disrupts learning," said Richard Williams, Ph.D, vice president for new product development with Hartford Steam Boiler. "But mold can be managed. Our program includes inspections, specific loss control steps, ongoing technical support and insurance protection to help manage, and more importantly, help prevent mold risks. We are working with schools to help avoid lossesdue to mold, rather than just pay a claim."

Drawing upon its decades of loss prevention experience, Hartford Steam Boiler has modeled the Mold Protection Program after its successful approach to equipment breakdown insurance coverage.The Mold Protection Program is designed for schools that are willing to work with Hartford Steam Boiler to implement loss prevention recommendations to proactively manage the growth of mold. The program begins with an inspection and evaluation to determine qualification. Once qualified, Hartford Steam Boiler provides loss prevention recommendations based upon the results of the nspection and works with the client over time to control moisture, water intrusion and other conditions that can cause mold growth.

The Mold Protection Program also includes a Mold Remediation Policy that can pay for remediation costs if visible mold is discovered at an insured location. Clients have access to a mold remediation network specifically developed for this program. The network consists of qualified and prescreened remediation specialists at preferred rates.

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