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AIG Issues Statement On Yesterday's Terrorist Attacks
NEW YORK--(BUSINESS WIRE)--Sept. 12, 2001--American International Group, Inc. (AIG) Chairman M.R. Greenberg issued the following statement on the impact of yesterday's terrorist attacks:

"These attacks are an enormous human and national tragedy. Like everyone, our major concern at this time is the human cost and suffering incurred. All monetary losses pale against this suffering. AIG people are working around the clock to provide immediate assistance to all who have suffered losses in this tragedy.

"AIG is operational in New York and around the world. Although our lower Manhattan offices are closed today, we have back-up facilities in place in the greater New York area and other locations, so that all key business functions are proceeding.

"While we of course expect to incur losses resulting from insurance claims, it is far too early to estimate their magnitude. However, AIG is the strongest insurance and financial services company in the world, with total assets in excess of $400 billion. We are well diversified, both as to type of insurance coverages and geographically. Our total losses stemming from this tragedy will not impact our solid financial condition."

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.

Joe Norton