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AI RISKSM INTRODUCES SPECIAL EVENTS LIABILITY INSURANCE WITH ACCIDENTAL DEATH AND DISMEMBERMENT COVERAGE; ONLINE QUOTING AND BINDING IS AVAILABLE FOR QUALIFYING RISKS
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NEW YORK--Feb. 14, 2006--The AI RiskSM Specialist Insurance Inc., a member company of American International Group, Inc. (AIG), today announced it has introduced a Special Events Liability Insurance Program that provides both general liability and accidental death and dismemberment (AD&D) insurance.

The new program's AD&D insurance covers fare-paying patrons and employees harmed by an accident at an event. Special Events Liability Insurance for certain events with up to 10,000 spectators can be quoted and bound using AI Risk ProgramConnect(R), AI Risk's online specialty lines quote and bind system. The minimum premium for risks bound online is $500. Limits up to $1 million per occurrence; $2 million aggregate are available. Up to $25,000 in AD&D benefits can be provided per individual, with a $500,000 policy aggregate.

"AI Risk is unique in its ability to provide broad general liability coverage in combination with AD&D benefits for virtually any special event - from company picnics to concerts - without jeopardizing existing insurance policies," said John Willett, Senior Vice President, AI Risk Specialists Insurance, Inc. "Since swift turnarounds on liability coverage for special events is often essential, AI Risk is expediting access to this coverage for many classes via ProgramConnect."

For more information on the Special Events Liability Program or other AI Risk and AI Risk ProgramConnect products, visit www.airisk.com or contact Terri Moran, Vice President of Marketing, AIG Programs at 415-836-7251 or terri.moran@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 made available in all jurisdictions. Non-insurance products may be provided through independent third parties.

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