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AIG ENVIRONMENTAL PORTAL(SM) STREAMLINES THE INSURANCE UNDERWRITING PROCESS
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NEW YORK--Nov. 12, 2007--AIG Environmental(R), a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), today announced AIG Environmental Portal(SM), an online tool designed to streamline the underwriting process and provide easy access to insurance policy information for environmental insurance policyholders with multi-site real estate portfolios.

AIG Environmental Portal will simplify tracking, searching, organizing and analyzing a multi-site real estate portfolio's insurance and risk information. It can facilitate secure online collaboration which optimizes insurance policy management for brokers, clients and AIG Environmental(R) underwriters alike. Specifically, AIG Environmental Portal:

  • Enables users to store, search and retrieve documents, including charts, plans, drawings, photos and pictures, related to their environmental insurance policies, including endorsements, applications, environmental reports, and development, remediation and O&M plans;
  • Allows underwriters, risk managers and brokers to share and distribute information quickly and efficiently through a web-based portal available from any internet accessible computer;

  • Facilitates review of policy and site submissions;
  • Provides real-time information on the status of submissions, including any required "next-steps";
  • Organizes information and documents by account, policy and property, enabling users to quickly locate and access information; and
  • Enables companies to restrict access to specific information by user, providing a secure environment for the storage and exchange of sensitive information.

"With AIG Environmental Portal, we've streamlined and expedited the process of managing environmental insurance data by making information accessible through a single system. We're also allowing users to make the most of the information at their disposal and maximize productivity by searching, retrieving and sharing particular documents in seconds," said Darin Winick, Association Program Manager, AIG Environmental.

AIG Environmental Portal is available to registered users and accessible through any internet accessible computer. To learn how you can register, contact Darin Winick at (443) 259-7639 or visit www.AIGEnvironmental.com and follow links to AIG Environmental Portal.

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.

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