AIG Commercial Insuranceʼs parent company is facing challenges related to the extraordinary developments in the financial markets in the past few days. AIG, Inc. is actively developing alternatives to improve liquidity to weather this difficult time for financial markets.
AIG Commercial Insuranceʼs substantial capital position is independent of its parent. AIGʼs commercial insurance companies are highly regulated, ensuring policyholdersʼ interests are paramount.
Here are a few more facts we think are important for you to know…
• The liquidity of AIG Commercial Insurance remains very strong. Since 2005, AIG Commercial Insuranceʼs statutory surplus has increased by over 50% to $26.7 billion.
• AIG Commercial Insuranceʼs ability to pay claims and its commitment to writing challenging risks is undiminished.
• AIG Commercial Insurance continues to exhibit strong financial performance with 2008 second quarter operating income of nearly $1 billion, net written premiums of $5.99 billion and a profitable combined ratio of 93.7%.
AIGCI will communicate developments as they arise, and we look forward to continuing to serve the risk management needs of our customers and brokers.
Additionally, in the wake of Hurricane Ike this past weekend we want to remind affected policyholders that we stand ready to help. To report a claim, please call 1-877-244-0304.
If you have any questions, please do not hesitate to contact an AIG Commercial Insurance representative.
AIG Commercial Insurance companies include: AIG Casualty Company, American Home Assurance Company, American International South Insurance Company, Commerce and Industry Insurance Company, Granite State Insurance Company, Illinois National Insurance Co., National Union Fire Insurance Company of Pittsburgh, Pa., New Hampshire Insurance Company, The Insurance Company of the State of Pennsylvania, AIG Excess Liability Insurance Company Ltd., American International Specialty Lines Insurance Company, Landmark Insurance Company, Lexington Insurance Company, AIG Commercial Insurance Company of Canada, National Union Fire Insurance Company of Vermont, AIG Excess Liability Insurance International Limited
AIG Commercial Insurance is the marketing name for the domestic commercial property casualty insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products are written by insurance company subsidiaries of AIG Commercial Insurance Group, Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties.
175 Water Street New York, NY 10038 www.aig.com