|AIG COMPANIES INTRODUCE CATASTROPHE ADVANTAGE PROGRAM|
New State-of-the-Art Service Aids Hurricane-Related Claims Resolution
NEW YORK, Jun 01, 2007 -- The AIG Companies(R) today introduced the Catastrophe Advantage Program(sm) (CAP), an exclusive benefit to help commercial property policyholders recover from hurricane-related losses by securing vital claim adjuster resources prior to landfall. CAP uses Risk Management Solutions (RMS) modeling technology to project the path, size and intensity of hurricanes in the United States and aligns it with the AIG Companies' proprietary databases to identify, pre-landfall, those customers in danger of property losses as a result of an oncoming hurricane. The AIG Companies will use this projection to deploy independent adjusters to severely affected areas immediately following the storm, when resources are traditionally scarce.
"The 2007 hurricane season is predicted to be very active," said Chuck Schader, AIG Senior Vice President-Claims. "CAP will help our commercial property policyholders with timely inspection of damages, fast disbursement of emergency funds and faster claim resolution, all of which will result in a significant reduction in down time for an affected business."
CAP is automatically offered to AIG Companies commercial property policyholders on a complimentary basis. For further information contact Dean Owens, Lexington Insurance Company, 617-330-8376.
AIG Companies refers to the domestic property and casualty insurance subsidiaries of American International Group, Inc. (AIG). Issuance of coverage is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Non-insurance services may be provided through independent third parties. Coverage may not be available in all jurisdictions.
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.