<< Back
PDF Version

Service Assists Companies in Complying With New U.S. Department of Homeland Security Chemical Security Regulations

NEW YORK--May 15, 2007--AIG Homeland Security Solutions, a specialty unit of the property and casualty subsidiaries of American International Group, Inc. (AIG), today announced a Chemical Security Compliance Service. The service, which is currently available to AIG Companies' insureds, assists clients in adhering to new U.S. Department of Homeland Security (DHS) chemical facility anti-terrorism standards.

The service addresses the DHS requirement that high risk chemical facilities prepare a risk and vulnerability assessment, develop security plans and implement a suite of security measures. The new DHS requirement pertains to companies in many industries, including energy, manufacturing and transportation.

"AIG Homeland Security Solutions realizes the tremendous implications of the new DHS regulation for chemical facilities and the many enterprises that depend upon chemicals for their business operations," said Robert Cruz, AIG Homeland Security Solutions Practice Leader. "The penalties for non-compliance can be severe and may result in fines or complete cessation of operations threatening a company's bottom line."

AIG Homeland Security Solutions will help insureds complete the Top-Screen portion of the DHS's Chemical Security Assessment Tool (CSAT), the initial assessment that determines if a company is deemed high risk. For companies considered high risk, AIG Homeland Security Solutions will, for an additional fee, help insureds develop a security vulnerability assessment and a site security plan. AIG Homeland Security Solutions uses Risk Analysis and Management for Critical Asset Protection (RAMCAP(TM)), the methodology behind the new DHS regulation.

For companies that do not currently qualify for the Chemical Security Compliance Service, AIG Homeland Security Solutions offers AIG Business Protection Services, an all hazards crisis incident management service that includes risk and vulnerability assessments in addition to emergency action and continuity plans. In addition, AIG Homeland Security Solutions offers property coverage, such as property terrorism insurance, to responds to acts of terrorism committed domestically. All coverage and services provided by AIG Homeland Security Solutions are offered by the AIG Companies.

For more information on the Chemical Security Compliance Service or any of products or services offered by AIG Homeland Security Solutions, contact Robert Cruz, Practice Leader, AIG Homeland Security Solutions, at (212) 770-8103 or robert.cruz@aig.com.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

American International Group, Inc.
Peter Tulupman, 212-770-3141
Manager of Public Relations