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AIG’S AMERICAN INTERNATIONAL COMPANIES OFFERING ON-LINE ACCESS TO BILLING RECORDS

NEW YORK, December 9, 1999 – American International Group, Inc. (AIG) has announced that the American International Companies now offer an on-line system that provides property-casualty insurance brokers the ability to access client billing records via AccessAIG (http://access.aig.com).

Brokers can access client billing records through a secure, password protected section of AccessAIG. Brokers can then download billing data from AccessAIG into a spreadsheet program, allowing the broker to sort and analyze data according to specific client needs and distribute the billing information to clients. Bills are posted on AccessAIG weekly.

“The implementation of on-line billing further demonstrates our determination to utilize Internet technology to help streamline the flow of information between AIG's member companies, brokers and their clients,” said Kristian P. Moor, AIG Executive Vice President. “The on-line billing review system leverages the increased use of Internet technology by brokers and insureds, helping both parties reduce paperwork and increase efficiency and aiding the timely collection of premiums.”

AccessAIG is an Internet Web site specifically designed for insurance brokers that provides detailed product and industry information and enables brokers to contact local representatives of AIG member companies and communicate and maintain policy information. Insurance and services are provided by member companies of American International Group, Inc.

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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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