|AIG ENVIRONMENTAL(R) INTRODUCES AIG EDELIVERY(R)|
NEW YORK--Nov. 3, 2008--AIG Environmental(R), a unit of AIG Commercial Insurance, announced that it is initiating electronic issuance of its insurance policies with AIG eDelivery(R).
AIG eDelivery is an Internet-based system that makes newly-issued insurance policies and endorsements from AIG Environmental available for download by brokers, expediting policy delivery and eliminating the need for traditional paper policy issuance. Policies and endorsements will be available to brokers online the next business day after issuance.
"AIG Environmental pioneered environmental insurance nearly three decades ago and continues to lead the market by responding to our insureds' need to mitigate environmental exposures and conduct environmental remediation. With AIG eDelivery, we can deliver our policies in a way that is consistent with our commitment to environmental responsibility while improving our service to brokers and customers," said Joseph Boren, Chairman and CEO, AIG Environmental.
AIG Environmental expects its paperless policy issuance to save approximately 11 tons of paper annually and to reduce yearly CO2 emissions by approximately 30,000 pounds.
With AIG eDelivery, brokers will have access to insurance policies issued through AIG Environmental, including, but not limited to Pollution Legal Liability Insurance (PLL), Environmental and General Liability Exposures (EAGLE) Program(R), Professional Package(SM) (PRO-PAC(SM)), and Contractors Pollution Liability Insurance (CPL).
In addition to AIG Environmental(R), the following AIG Commercial Insurance units have adopted AIG eDelivery: AIG Small Business(R), AIG Executive Liability(SM), AIG Excess Casualty(R) and AIG Specialty Workers' Compensation(R).
For more information on AIG eDelivery, visit www.aig.com/edelivery.
AIG Commercial Insurance serves a wide range of customers from multinational and middle-market companies to non-profit organizations and small entrepreneurs. Its extensive product offerings include general and excess liability, property, management and professional liability, workers' compensation, accident and health, environmental liability, and integrated global programs for multinational companies. AIG Commercial Insurance also maintains dedicated industry groups to serve the insurance needs of the aviation, construction, education, energy, financial institution, healthcare, marine and real estate sectors.
AIG Commercial Insurance is the marketing name for the domestic commercial property casualty insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products are written by insurance company subsidiaries of AIG Commercial Insurance Group, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties.
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.