NEW YORK--(BUSINESS WIRE)--Jul. 16, 2015--
AIG Private Client Group, a division of American International Group,
Inc. (NYSE:AIG), today introduced the insurance industry’s first risk
management and mitigation service for residential construction projects
with budgets of $5 million or more.
As part of its Smart Build offering, AIG risk experts consult with
policyholders, their contractors, architects, and other building
professionals during the earliest stages of residential construction
projects. They recommend the latest technologies and best building
practices during home design and construction to help enhance a home’s
safety and resilience when completed; promote sound environmental
practices; and lessen the chance costly claims will happen in the first
place. The recommendations can also potentially minimize the need for
expensive retrofitting after construction is done.
The service seeks to minimize risks related to natural catastrophe,
water damage, security, fire and life safety, and potential threats to
fine art or other collections that will be located in a home. AIG’s
Smart Build recommendations come from the company’s deep experience
protecting some of the world’s largest luxury homes, as well as
extensive analysis of AIG claims data and overall loss trends.
Smart Build has been successfully piloted with select contractors in the
Hamptons and South Florida.
“We’ve seen firsthand on many occasions what can go wrong in a luxury
home, and in many instances we know damage could have been avoided by
better planning in the design and building phases,” said Stephen Poux,
Senior Vice President of Risk Management and Loss Prevention for AIG
Private Client Group. “Smart Build gives AIG a seat at the table from
the very start of the design process to increase the likelihood that our
customers will enjoy the safest, most resilient home possible for many
years to come.”
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. 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
| Twitter: @AIGinsurance | 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 countries, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150716005246/en/
Source: American International Group, Inc.
American International Group, Inc.