NEW YORK--(BUSINESS WIRE)--Sep. 5, 2017--
American International Group, Inc. (NYSE:AIG) today announced that it is
providing $1 million in aid to organizations focused on emergency relief
and ongoing recovery following Hurricane Harvey.
AIG will allocate $500,000 to Houston-based nonprofits for immediate
local relief efforts. The company and its Houston employees have a long
history of working with these organizations through years of
volunteerism and employee contributions.
The remaining $500,000 will go toward critical medium- and longer-term
recovery efforts in partnership with The Center for Disaster
Philanthropy (CDP), a leader in strategic disaster-related giving.
“We support and applaud the efforts of our local nonprofit partners who
are well-placed to meet the needs of the community today, and respond to
the longer-term needs that will emerge as the full impact of Hurricane
Harvey is known,” said Brian Duperreault, AIG President and Chief
Executive Officer. “We have a strong presence in Houston, and have been
focused on ensuring the safety of our employees and their families,
while responding to the needs of our clients in the area. We greatly
appreciate and recognize the courage and generosity of our people in
Houston, and the outpouring of support from our colleagues and partners
around the world.”
Bob Ottenhoff, President and CEO of CDP, said, “We are grateful to AIG
for this generous contribution to the CDP Hurricane Harvey Disaster
Fund. We know from past disasters, especially through our experiences
with hurricanes and floods, that full recovery will take many years. In
response to the needs that will arise following this devastating storm,
the CDP Hurricane Harvey Recovery Fund will focus on medium- and
long-term rebuilding needs, including rebuilding homes, businesses and
infrastructure; meeting the needs of young children; supporting mental
health needs; and boosting damaged agricultural sectors.”
AIG continues to assist clients and support colleagues who have been
impacted by Hurricane Harvey. Clients, partners and employees in need of
assistance can find resources and information on www.aig.com.
To learn more about ways that AIG and its employees are supporting
Houston-based colleagues and the community, visit www.aig.com/citizenship.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG’s core businesses
include Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability and
Financial Lines, and Property and Special Risks. Consumer Insurance
comprises four modules – Individual Retirement, Group Retirement, Life
Insurance and Personal Insurance. AIG common stock is listed on the New
York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
| YouTube: www.youtube.com/aig
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| LinkedIn: www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170905005502/en/
Source: American International Group, Inc.
American International Group, Inc.