|AIG PRIVATE CLIENT GROUP EXPANDS ITS HURRICANE PROTECTION UNIT(R) TO SERVE ADDITIONAL POLICYHOLDERS IN NEW YORK, NEW JERSEY AND FLORIDA|
NEW YORK--March 11, 2008--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(R) to serve its policyholders in Hillsborough County, Florida; Nassau County, New York; and Atlantic, Cape May, Monmouth and Ocean Counties in New Jersey.
Launched in July 2006 and already available throughout coastal Florida and Suffolk County, New York, the Hurricane Protection Unit provides clients with pre-season disaster planning and post-storm response.
Prior to hurricane season, policyholders in the designated response areas can request a one-on-one consultation with an AIG Private Client Group hurricane mitigation specialist, who will customize action steps to maximize the home's protection. If needed, the specialist also helps devise plans regarding how and when to move artwork, automobiles and watercraft to safety.
During hurricane season, AIG Private Client Group's team closely tracks and monitors the progress and projected landfall of approaching hurricanes. After landfall, catastrophe response units dispatch to insured residences in the affected areas to assess exterior damage. If there is visible structural damage, AIG-approved vendors immediately respond 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 art collection management professionals may also be engaged to safely remove and transport pieces.
"In keeping with our proactive approach to insurance, the Hurricane Protection Unit helps provide speedy access to materials and services immediately following a hurricane, when resources are scarce," said Todd Triano, Vice President of Loss Prevention, AIG Private Client Group. "Even if a home is built to withstand a hurricane, minor damage can escalate with prolonged exposure to wind and water, and potentially lead to unrecoverable loss. No one wants to lose their belongings, particularly those with sentimental value. We're stepping in to help our policyholders bolster their protection."
The services provided by the Hurricane Protection Unit are complimentary for eligible AIG Private Client Group policyholders.
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), a world leader 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 Ireland and Tokyo.