AIG to Donate $1 Million for Hurricane Harvey Relief and Recovery Efforts
05 September 2017 - 10:30PM
Business Wire
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 | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170905005502/en/
American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Claire Talcott,
212-458-6343claire.talcott@aig.com
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