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AIGDIRECT.COM TO OFFER TRAVEL INSURANCE AND ASSISTANCE SERVICES
NEW YORK, October 24, 2000 – American International Group, Inc. (NYSE:AIG) has announced that aigdirect.com, AIG's consumer and small business e-commerce site, now offers AIGAssistTM , a package of travel insurance and 24-hour assistance services provided by AIG member companies.

At aigdirect.com, consumers can receive instant quotes for the AIGAssist program, which offers insurance coverage for:

  • Trip Cancellation/Interruption - In the event travel is canceled due to a covered injury, illness or death of the insured, the insured's traveling companion or immediate families, the coverage provides reimbursement for any non-refundable penalties incurred up to $1,500. If travel is interrupted for these same reasons, coverage will reimburse the insured for the unused portion of the trip, plus the cost of returning home.

  • Emergency Evacuation - If emergency air or ground transportation is required in the event of a serious injury or illness, AIGAssist provides coverage for transfer to the nearest medical facility, up to $25,000.

  • Medical Expense Coverage - Insured travelers who become sick or injured during their trip will be reimbursed up to $30,000 for covered medical expenses.

Additionally, AIGAssist insureds receive 24-hour worldwide emergency assistance services provided by AIG International Services, Inc., an AIG member company. The service can help facilitate cash transfers, provide lost documents assistance, medical consulting and monitoring, as well as legal, dental and medical referrals, including to overseas doctors or hospitals.

In addition to travel insurance, aigdirect.com offers a comprehensive portfolio of personal and small business insurance products and instant online quotes for auto, home, life, health and small businesses.

aigdirect.com was recognized as the 1999 top insurance web site by FinancialNet News, a leading news outlet covering online financial services and most recently in Forbes' Summer 2000 “Best of the Web”.

For more information about AIG, please visit www.aig.com which, in addition to AIG corporate information, provides easy access to specific product and service sites, including www.aigdirect.com for personal and small business insurance needs, www.accessaig.com for brokers, agents and financial intermediaries, www.aigonline.com for risk managers and other corporate executives, as well as www.aigcorporate.com, AIG's corporate web site.

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AIG is the leading U.S.-based international insurance and financial services organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write a wide range of commercial and personal insurance products through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services and asset management, including aircraft leasing, financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement savings products. American International Group, Inc.'s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

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* Products and service may not be available in all states. Issuance of coverage is subject to underwriting. Please see the policy for a complete description of its scope and limitations of coverage.