NEW YORK--(BUSINESS WIRE)--Jul. 9, 2013--
American International Group, Inc. (NYSE: AIG) announced today that the
AIG Disaster Relief Fund (DRF) has donated more than $1 million to local
organizations in New York, New Jersey, Connecticut, and Pennsylvania
that were affected by Storm Sandy. The donations followed an in-depth
analysis by AIG’s claims department, which helped determine which
organizations would benefit most. AIG established the Disaster Relief
Fund to assist victims of natural and manmade disasters around the world.
The money from the DRF will be divided among seven organizations,
including branches of the Brooklyn, New York and Queens Public
Libraries, the Police Athletic League of New York, and the YMCA.
Additional beneficiaries included the South Street Seaport Museum and
the Robert L. Craig Elementary School in New Jersey.
“Helping customers and communities recover and rebuild from disasters is
at the very core of our business,” said AIG Property Casualty CEO Peter
Hancock. “This donation demonstrates not only tremendous partnership
within our own organization and local communities, but also our
steadfast commitment to providing support and relief to those who need
In addition to the money from the DRF, AIG employees made personal
contributions to, and raised funds for, organizations affected by Storm
Sandy. For example, AIG employees in the U.K. raised additional money
for a devastated school district in New Jersey.
“These truly selfless contributions from our employees reinforce the
spirit of generosity, commitment to others, and persevering nature that
make our employees the best at what they do, both at work and in their
personal endeavors,” Hancock continued. “At AIG, we believe that
tomorrow brings limitless possibilities, and we are thrilled that these
donations will help make tomorrow possible for these organizations.”
“AIG Disaster Relief Fund aids continuing Sandy recovery,” a video about
AIG’s commitment to the community, and the ongoing recovery efforts of
the donation recipients, is available on AIG’s YouTube
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. AIG common stock
is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
| LinkedIn: http://www.linkedin.com/company/aig
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all jurisdictions, and coverage is subject to
actual policy language. Non-insurance products and services may be
provided by independent third parties. Certain property-casualty
coverages may be provided by a surplus lines insurer. Surplus lines
insurers do not generally participate in state guaranty funds, and
insureds are therefore not protected by such funds.
Source: American International Group, Inc.
Jon Diat, 212-770-3505