AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, has announced it has increased its capacity of excess liability insurance for public entities to $25 million from $15 million.

In response to the varied insurance needs and significant casualty exposures facing public entities, AIG Specialty Excess will offer the increased capacity of $25 million on all commercial umbrella and excess casualty policies for public entities, Business Wire reported yesterday.

The new capacity will be available for not only states, counties and cities, but also educational institutions, transit authorities, utilities and other public agencies.

“As public entities continue to face increased financial pressures, we’ve found they require more comprehensive insurance programs,” said Todd Germano, executive vice-president of AIG Specialty Excess.

“The increased capacity to $25 million is a logical extension of AIG Specialty Excess’ commitment to the public sector, offering public entities all the excess limits they need from one carrier.”