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AIG Companies Introduce Catastrophe Advantage Program.


New State-of-the-Art Service Aids Hurricane-Related Claims Resolution

NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- The AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
 Companies[R] today introduced the Catastrophe Advantage Program(sm) (CAP), an exclusive benefit to help commercial property policyholders recover from hurricane-related losses by securing vital claim adjuster resources prior to landfall land·fall  
n.
1. The act or an instance of sighting or reaching land after a voyage or flight.

2. The land sighted or reached after a voyage or flight.
.

CAP uses Risk Management Solutions (RMS) modeling technology to project the path, size and intensity of hurricanes in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area.  and aligns it with the AIG Companies' proprietary databases to identify, pre-landfall, those customers in danger of property losses as a result of an oncoming hurricane. The AIG Companies will use this projection to deploy independent adjusters to severely affected areas immediately following the storm, when resources are traditionally scarce.

"The 2007 hurricane season Hurricane season refers to a period in a year when hurricanes usually form. For more information see: Tropical cyclone#Times of formation.

For a lists of past seasons, see:
  • The Atlantic hurricane season (see also )
 is predicted to be very active," said Chuck Schader, AIG Senior Vice President-Claims. "CAP will help our commercial property policyholders with timely inspection of damages, fast disbursement DISBURSEMENT. Literally, to take money out of a purse. Figuratively, to pay out money; to expend money; and sometimes it signifies to advance money.
     2.
 of emergency funds and faster claim resolution, all of which will result in a significant reduction in down time for an affected business."

CAP is automatically offered to AIG Companies commercial property policyholders on a complimentary basis. For further information contact Dean Owens, Lexington Insurance Company, 617-330-8376.

AIG Companies refers to the domestic property and casualty insurance subsidiaries of American International Group
"AIG" redirects here. For other uses, see AIG (disambiguation).


American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City.
, Inc. (AIG). Issuance of coverage 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. Non-insurance services may be provided through independent third parties. Coverage may not be available in all jurisdictions.

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 New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
COPYRIGHT 2007 Business Wire
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Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 1, 2007
Words:357
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