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AIG ENVIRONMENTAL TO OFFER ENVIRONMENTAL INCIDENT CRISIS HOTLINE TO UNDERGROUND STORAGE TANK INSUREDS

NEW YORK, September 22, 1999 – AIG Environmental, a division of the American International Companies, announced that Underground Storage Tank (UST) liability insureds* of American International Group, Inc. (AIG) member companies will have access to a 24-hour telephone hotline service to help insureds manage potential environmental incidents. The service will be provided by Tanknology-NDE International, Inc., a provider of outsourced environmental compliance, information services, maintenance dispatch, and construction management to select facility owners and operators, with particular emphasis on petroleum fueling systems.

The service is offered by AIG Environmental free of charge to UST insureds and will be staffed on a 24-hour basis with compliance analysts from Tanknology who will answer questions and direct activities in the event of a potential environmental incident at a fueling facility. Analysts may direct station operators to conduct on-site investigation or initial abatement procedures, dispatch testing or maintenance contractors, and make proper regulatory notifications to environmental agencies.

“The risks UST owners face when environmental incidents at fueling facilities occur increase exponentially when not addressed in an immediate and proper manner,” said Joseph Boren, President, AIG Environmental. “By having 24-hour access to the compliance experts at Tanknology, our UST insureds can reduce their risk of regulatory violations and fines due to lack of proper response or notifications.”

AIG Environmental, with insurance products underwritten by AIG member companies, is the leading U.S. provider of environmental insurance products and services.

For more information on AIG Environmental's UST Liability Insurance and related loss prevention services, contact 1-800-348-4314 Dept. UST99PR or aigenvironmental@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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* 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.