|AIG PRIVATE CLIENT GROUP EXPANDS ITS HURRICANE PROTECTION UNIT TO SERVE POLICYHOLDERS IN SUFFOLK COUNTY, NEW YORK|
NEW YORK--Aug. 13, 2007--AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced the expansion of its Hurricane Protection Unit(SM) to serve its policyholders throughout Suffolk County, New York.
Launched in July 2006 and available throughout coastal Florida, the Hurricane Protection Unit works to proactively alleviate wind and water damage and to help preserve the value of furnishings, artwork and other valuable possessions.
In advance of an approaching storm, AIG Private Client Group's team of hurricane specialists closely track and monitor the storm's progress and projected landfall. After landfall, the catastrophe response units dispatch to insureds' residences in the affected areas to assess exterior damage. If there is visible structural damage, AIG-approved vendors will be on hand to make short-term repairs such as tarping holes in the roof and boarding breached doors, windows and other openings. Simultaneously, AIG Private Client Group communicates with policyholders who have evacuated to apprise them of any sustained damage. Claims staff will follow up with more detailed assessments as needed. AIG Private Client Group's fine art risk management professionals may also be engaged to safely remove and transport pieces.
"Most high-end homes are constructed to withstand hurricane-force winds," said Todd Triano, Vice President of Loss Prevention, AIG Private Client Group. "However, minor structural damage can escalate into significant loss with prolonged exposure to wind and water. Our intent is to take those exposures out of the equation."
The services provided by the Hurricane Protection Unit are complimentary for eligible AIG Private Client Group policyholders who are required to enroll through their independent insurance advisors or by downloading a form housed on www.aigpcg.com.
AIG Private Client Group provides comprehensive insurance products and services to help meet the unique risk management needs of high net worth individuals and their families. Its innovative products are underwritten by the member companies of American International Group, Inc., and are designed to enhance protection of, and minimize threats to, personal wealth and safety. AIG Private Client Group's portfolio of insurance products includes excess liability, homeowners, automobile, private collections, excess flood, yacht, aviation, and kidnap and ransom. In addition to its products, AIG Private Client Group offers an extensive range of risk management services that includes loss-prevention expertise for owners of fine homes, management of art collections and personal security consultation.
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 Paris, Switzerland and Tokyo.