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AIG RISK MANAGEMENT OFFERS NEW INSURANCE PROGRAM FOR TEMPORARY STAFFING INDUSTRY
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NEW YORK--Oct. 19, 2005--AIG Risk Management (AIGRM), a member of American International Group, Inc. (AIG), has launched a new suite of insurance coverages and risk management services designed to meet the unique needs of the temporary staffing industry.* With access to the full range of products available from the member companies of AIG, AIGRM is able to serve temporary staffing firms of all sizes and provide insurance and risk management solutions tailor-made to fit their specific risk profile.

The National Association of Temporary and Staffing Services reports that the temporary staffing industry is the third fastest-growing services business in the United States, currently employing more than 2.5 million men and women in virtually every business sector. By sending employees on assignments to client companies, temporary staffing firms risk significant exposure to various forms of liability. For more than 10 years, AIGRM has been helping temporary staffing clients design integrated risk management programs while building specialized knowledge of the difficulties and issues these firms face.

"As the temporary help industry continues its growth, it is important for us to provide the greatest level of protection possible," said Louis Iglesias, President, AIG Risk Management. "At the same time, we are committed to offering unmatched flexibility through innovative program structures and collateral options to more efficiently meet our diverse clients' needs."

AIGRM's Temporary Staffing program offers an array of comprehensive coverages that address both standard and specialty risks, including:

  • Primary Casualty
    • Workers' Compensation
    • General Liability
    • Automobile Liability
  • Fidelity
  • Employment Practices Liability
  • Fiduciary
  • Professional Liability

Further, the dedicated professionals at AIGRM work together with temporary staffing clients to establish loss control and safety programs aimed at improving interview and background check processes, screening clients, and developing training programs that assist employees in recognizing and avoiding workplace hazards. As a result, insureds can mitigate losses, control workers' compensation costs and remain competitive in attracting and retaining quality employees and clients.

AIGRM's claims experts offer: expertise in financial investigations to identify fraudulent claims; training for clients' risk managers to help them recognize common fraud indicators; on-site visits where losses occur; implementation of medical cost containment policies and; assistance with setting up and funding return-to-work programs.

For more information on AIGRM's Temporary Staffing program, please contact David Schwartz, VP of Strategic Marketing, AIGRM, at (212) 458-2584 or David.Schwartz@aig.com.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

* Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for complete details of coverage and exclusions. Coverage may not be available in all states. Non-insurance products may be provided through independent third parties.

CONTACT:
American International Group, Inc.
Peter Tulupman, 212-770-3141