|AIG PRIVATE CLIENT GROUP EXPANDS ITS MOBILE WILDFIRE PROTECTION UNIT(R) TO ADDITIONAL AREAS IN CALIFORNIA AND INTRODUCES THE SERVICE IN SELECT PARTS OF COLORADO|
NEW YORK--Aug. 14, 2006--AIG Private Client Group, a division of the personal lines property and casualty insurance subsidiaries of American International Group, Inc. (AIG), today announced the expansion of its Wildfire Protection Unit(R), the first mobile service designed to mitigate wildfire exposure and proactively respond to high net worth insureds in select areas of high exposure.
The Wildfire Protection Unit was first introduced in June 2005 and was available to insureds residing in 14 California zip codes. The service, which is complimentary for eligible insureds, has been expanded to reach 90 zip codes, including select areas of Colorado.
Wildfire Protection Unit services* include:
"So far in 2006 we have seen an unprecedented amount of wildfires across the U.S. Not only is the number of wildfires at an all-time high, but the severity and geographic areas they affect are increasing," said Stephen Poux, Vice President of Loss Prevention, AIG Private Client Group. "Rather than sit idly and hope for the best, we sought to proactively address the threat faced by many of our policyholders. We are excited to expand the geographic reach of the Wildfire Protection Unit to help more people protect their residences."
Currently the Wildfire Protection Unit reaches AIG Private Client Group policyholders who reside in the following areas:
AIG Private Client Group provides comprehensive insurance products and services to help meet the unique risk management needs of high net worth individuals and their families. Its innovative products are underwritten by the member companies of American International Group, Inc., and are designed to enhance protection of, and minimize threats to, personal wealth and safety. AIG Private Client Group's portfolio of insurance products includes excess liability, homeowners, automobile, private collections, excess flood, yacht, aviation, and kidnap and ransom. In addition to its products, AIG Private Client Group offers an extensive range of risk management services that includes loss-prevention expertise for owners of fine homes, management of art collections and personal security consultation.
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 on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
*Please note that the program described above is only one element of a responsible brush fire mitigation strategy and does not satisfy legal requirements under SB 1369 in the State of California. Brush should continue to be managed seasonally and thinned up to 100 feet from the home as required by SB 1369. The AIG Private Client Group Wildfire Protection Unit should not substitute for the utilization of local fire departments or other traditional fire suppression authorities. Issuance of coverage is subject to underwriting review and approval. The description herein is a summary only and 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. Non-insurance services may be provided through independent third parties. Coverage may not be available in all jurisdictions.