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Great American's Environmental Division Named as a Selected Insurance Carrier for the Massachusetts BRAC Program

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CINCINNATI - (BUSINESS WIRE) - Great American Insurance Group's Environmental Division is pleased to announce that it has been named as a Selected Insurance Carrier for the Massachusetts Brownfield Redevelopment Access to Capital ("BRAC" ) Program by the Massachusetts Business Development Corporation.

The BRAC Program promotes access to private sources of loan and investment capital for the cleanup and development of Brownfields. To help facilitate such development, the program works with selected insurance carriers to provide environmental liability coverage for investors and lenders considering Brownfield projects.

Great American's environmental insurance policies have been thoroughly reviewed and approved for use by the BRAC Program's administrators. In addition, Great American has developed a unique endorsement for use with the program which provides additional state-specific benefits to entities developing Brownfield sites in Massachusetts.

About Great American's Environmental Division

Great American Insurance Group's Environmental Division provides a comprehensive portfolio of environmental insurance products to a broad array of industries. All products can be customized to address the specific risks and exposures of the client. Products include: Premises Environmental Liability Insurance, Indoor Air Quality and Mold Liability Insurance, Contracting Services Environmental Liability Insurance, Professional and Contracting Services Environmental Liability Insurance, Excess Environmental Liability Insurance, and Closure and Post Closure Financial Assurance.

About Great American Insurance Group

Great American Insurance Group's roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialty commercial products for businesses, and in the sale of traditional fixed and indexed annuities and a variety of supplemental insurance products such as Medicare supplement. Great American Insurance Company has received an "A" (Excellent) or higher rating from the A.M. Best Company for over 100 years (most recent rating evaluation effective on May 10, 2010). The members of the Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG's common stock is listed and traded on the New York Stock Exchange and NASDAQ Global Select Market under the symbol AFG.

Great American Environmental Division
Pete Pantalone, 610-567-5073
ppantalone@gaic.com
or
Kirk Davenport, 610-567-5065
kdavenport@gaic.com
Or
Visit:
www.GreatAmericanInsurance.com
www.AFGinc.com



 
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Updated: 21:59 PDT     4508

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