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AIG'S AMERICAN INTERNATIONAL COMPANIES CREATE E-BUSINESS SECURITY PANEL FOR INSUREDS
NEW YORK, January 17, 2000 - American International Group, Inc. (AIG) has announced that the American International Companies have assembled a roster of leading eBusiness and Internet security firms to provide services and products to AIG netAdvantage and AIG ProTech Internet liability insureds, including purchasers of AIG netAdvantage Security and Security+ policies.

The following companies are available for insureds to access products and services:

  • IBM Global Services which provides eBusiness security assessment, implementation and management services. (www.ibm.com);
  • RSA Security Inc., providing authentication, encryption and public key infrastructure systems and security assessment services for eBusiness (www.rsasecurity.com);
  • Kroll-O'Gara Information Security Group, which provides enterprise security assessment and services, secure eBusiness architecture and public key infrastructure design and implementation; (www.securify.com);
  • CertCo, Inc., providing next generation, certificate-based risk management solutions for eBusiness transactions (www.certco.com);

American International Companies insureds also have access to the Technology Panel Counsel, a pre-approved roster of the nation's premier law firms specializing in emerging legal issues related to intellectual property law and high-technology issues, for legal defense against technology-related claims.

In addition to the above firms, the American International Companies intend to expand the Technology Alliance roster to include leading accounting firms and members of the academic community.

"AIG member companies are leading the way in developing innovative e-business insurance products for the new economy and helping organizations limit their exposures to new kinds of risks to enable them to conduct e-business with confidence," said Kristian P. Moor, AIG Executive Vice President, Domestic General Insurance. "We are pleased to provide our insureds with access to the leading security technology firms to help them further reduce their e-business related risks. We intend to continuously strengthen these resources by adding more 'best of breed' companies in the future."

The American International Companies'AIG netAdvantage Program provides a number of coverage options based on the degree the Insured does business via the Internet. The AIG ProTech series of coverage modules address the exposures of companies providing Internet-related products and services.*

AIG netAdvantage Security provides third-party liability coverage for risks arising out of failures of an insured's Internet and computer security. Coverage is provided for liability arising out of computer viruses, disclosure of confidential or personal information, unauthorized access or use as well as comprehensive media liability. The policy also provides extortion, reward and crisis communications coverages.

AIG netAdvantage Security+ provides the third-party coverages of AIG netAdvantage Security as well as coverage for first-party property loss of information assets and eBusiness interruption (including dependent business and extended business interruption resulting from failures of an insured's Internet and computer security).

For more information on AIG's suite of eCommerce insurance products, contact your insurance broker, local AIG office or email Ty R. Sagalow, AIG Executive Director of eBusiness Corporate Product Development at ty.sagalow@aig.com.

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AIG is the leading U.S.-based international insurance organization and the largest underwriter of commercial and industrial insurance in the United States. Its member companies write property, casualty, marine, life and financial lines insurance in approximately 130 countries and jurisdictions, and are engaged in a range of financial services and investment management businesses. 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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* Insurance provided by member companies of American International Group, Inc. The above described coverage may not be available in all states, and the above description thereof is neither a complete description nor a complete list of all terms, conditions and exclusions. Note that certain terms used in the above are defined in the policy. Please see the policy for a complete description of its scope and limitations of coverage. Issuance of coverage is subject to underwriting.