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AIG AND U.S. CHAMBER OF COMMERCE ANNOUNCE WIDE-RANGING INITIATIVES TO OFFER BUSINESS INSURANCE AND EMPLOYEE BENEFITS PRODUCTS AND SERVICES TO CHAMBER MEMBERS
NEW YORK, Dec 4, 2001 (BUSINESS WIRE) --

U.S. Chamber Endorses AIG Member Companies' Business Insurance Products

American International Group, Inc. (AIG) and the United States Chamber of Commerce today announced a number of initiatives to provide Chamber members with comprehensive resources to obtain business insurance and employee benefits products and services.

The U.S. Chamber has named AIG member companies the exclusive endorsed providers of business insurance products and services including property, casualty, specialty and employee benefits insurance. As part of the endorsement, AIG member companies have designed a comprehensive insurance solution - known as ChamberFirst - specifically for the needs of U.S. Chamber members. ChamberFirst offers commercial insurance products including Business Owners Policy (BOP), Trade Credit Insurance and Online Services, Employment Practices Liability, Workers' Compensation, Management Liability, Environmental Liability, Umbrella Liability, International Insurance and related loss prevention and claims management services.

The ChamberFirst program also offers access to employee benefits coverages, such as life insurance and vision care, as well as voluntary benefit programs that enable employees to purchase personal insurance, such as automobile and homeowners coverages, through convenient and economical payroll deductions. All insurance coverages are underwritten by AIG member companies.

In addition to the ChamberFirst program, the U.S. Chamber endorsement encompasses a full range of insurance products - including specialty coverages, such as crisis management, property terrorism and sabotage, political risk and accidental death and dismemberment - that are increasingly important in today's business environment.

"The U.S. Chamber's endorsement further confirms AIG's position as the leading provider of the business insurance and employee benefits coverages that are critical to businesses today," said AIG Chairman M. R. Greenberg. "We look forward to working with the Chamber to offer its members the innovative risk management solutions AIG member companies have been providing businesses of all sizes for years."

"The Chamber is pleased to endorse the products and services of the AIG member companies for thousands of business owners and their employees," said Chamber President and CEO Thomas Donohue. "This relationship offers Chamber members access to AIG's unparalleled financial strength, global reach and claims handling experience, as well as a broad product offering that addresses the business risks of today's challenging economy."

To learn more about the AIG Companies' capabilities and ChamberFirst, call 1-866-244-7950, e-mail service@uschamberfirst.com, visit www.uschamberfirst.com or contact your insurance broker.

The U.S. Chamber of Commerce is the world's largest business federation representing more than three million businesses and organizations of every size, sector and region.

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, personal and life 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.