AIG Issues Clarification Regarding Information Distributed at Its Domestic Brokerage Group Investor Conference Today.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 -- American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (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 ) has issued the following statement to clarify and correct certain information distributed at a Domestic Brokerage Group investor conference today: Due to a typographical error typographical error - (typo) An error while inputting text via keyboard, made despite the fact that the user knows exactly what to type in. This usually results from the operator's inexperience at keyboarding, rushing, not paying attention, or carelessness. Compare: mouso, thinko. , presentation materials and subsequent press reports have indicated that AIG's Lexington Insurance Company subsidiary would reduce gross and net coverage by 20 percent to 25 percent in catastrophe areas. The presentation should have indicated that Lexington would reduce net (not gross and net) coverage by 20-25 percent. In the same presentation, a slide regarding Lexington's reductions in property and casualty insurance coverage in catastrophe areas planned for 2006 incorrectly referred to a dollar amount rather than to Zone 5B, which includes New Orleans New Orleans (ôr`lēənz –lənz, ôrlēnz`), city (2006 pop. 187,525), coextensive with Orleans parish, SE La., between the Mississippi River and Lake Pontchartrain, 107 mi (172 km) by water from the river mouth; founded . Subsequent press reports indicated that Lexington would reduce property casualty insurance coverage in New Orleans by $5 billion. The correct reference is to the zone in which New Orleans is included, Zone 5B, rather than to a dollar amount. Corrected slides and a replay of the conference will be available at www.aigwebcast.com until April 14, 2006. 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 in the U.S. 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. |
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