AIG Private Client Group Launches Mobile Wildfire Protection Unit for Its Policyholders in California.NEW YORK New York, state, United States
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AIG Australian Industry Group Private Client Group, a division of the property and casualty insurance subsidiaries 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), today announced the creation and deployment of its Wildfire Protection Unit(SM), the first mobile service designed to mitigate and proactively respond to wildfire exposure of its insureds in select areas of northern and southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, .
Wildfires are a perpetual threat to homeowners in affected areas. Over 10,000 wildfires occurred in California in 2003 and 2004, collectively causing over $1 billion in property damage(1). Unprecedented brush growth from heavy winter rainfall brings significant potential for catastrophic loss in the 2005 season.
Preexisting pre·ex·ist or pre-ex·ist
v. pre·ex·ist·ed, pre·ex·ist·ing, pre·ex·ists
To exist before (something); precede: Dinosaurs preexisted humans.
v.intr. wildfire mitigation tactics include non-combustible construction materials, regular brush clearing and non-combustible plantings in landscape design. Some homeowners permanently install exterior wildfire suppression systems, but the vast majority relies on the efforts of their local fire departments.
AIG Private Client Group sought to better protect its California policyholders, whose irreplaceable, high-value properties warrant a more sophisticated level of protection. Its Wildfire Protection Unit can be accessed by insureds who reside in either of two designated zones: one in southern California (eligible zip codes: 90049; 90077; 90210; 90265; 90272; 91361; 91362) and one in northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern (eligible zip codes: 94010; 94022; 94025; 94027; 94028; 94062; 94301). Insureds may enroll via a toll free number designated for the initiative.
Wildfire Protection Unit services include*:
--On-site consultation -- The Wildfire Protection Unit will visit the property to assess exposure levels and determine if pre-treatment is warranted;
--Pre-treatment -- Trained wildfire mitigation specialists will spray perimeter brush on Verb 1. brush on - apply with a brush; "Brush butter on the roast"
coat, surface - put a coat on; cover the surface of; furnish with a surface; "coat the cake with chocolate" the property with Phos-Chek(R), the same environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment. fire retardant fire retardant Public health A chemical used to resist combustion, which may contain polybrominated biphenyls and antimony oxide used by the U.S. Forest Service; and
--Rapid Response -- Enrolled properties are mapped using GPS technology. If a wildfire is within three miles of the home, a "Rapid Response" truck will be automatically dispatched to apply fire retardant to all combustible com·bus·ti·ble
Capable of igniting and burning.
A substance that ignites and burns readily. areas on the property, including landscaping.
"I work with a dedicated team that focuses solely on avoiding or mitigating damage for the clients we serve," said Stephen Poux, Director of Loss Prevention, AIG Private Client Group. "Our Wildfire Protection Unit was created to more effectively protect policyholders from the devastating dev·as·tate
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.
2. To overwhelm; confound; stun: was devastated by the rude remark. effects of wildfires through state-of-the-art technology and on-the-ground expertise."
Both the on-site consultation and the Rapid Response service are available to eligible policyholders at no cost. In some instances, pre-treatment will involve a fee of approximately $500.
A strip of cleared or plowed land used to stop the spread of a fire. Also called fireguard.
a strip of open land in a forest to stop the advance of a fire Rapid Response LLC (Logical Link Control) See "LANs" under data link protocol.
LLC - Logical Link Control , a division of Firebreak Spray Systems LLC and an industry leader in wildfire mitigation, is operating the Wildfire Protection Unit under an exclusive agreement with AIG Private Client Group.
AIG Private Client Group provides comprehensive insurance products and services to help meet the unique risk management needs of high net worth individuals and their families. Its innovative products are underwritten by the member companies of American International Group, Inc., and are designed to enhance protection of, and minimize threats to, personal wealth and safety. AIG Private Client Group's portfolio of insurance products includes excess liability, homeowners, automobile, private collections, excess flood, yacht, aviation, and kidnap and ransom. In addition to its products, AIG Private Client Group offers an extensive range of risk management services that includes loss-prevention expertise for owners of fine homes, management of art collections and personal security consultation.
For additional information, visit www.aigpcg.com or e-mail: firstname.lastname@example.org.
AIG is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. 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. and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
*Please note that the program described is only one element of a responsible brush fire mitigation strategy and does not satisfy legal requirements under SB 1369 in the State of California. Brush should continue to be managed seasonally and thinned up to 100 feet from the home as required by SB 1369. The AIG Private Client Group Wildfire Protection Unit should not substitute for the utilization of local fire departments or other traditional fire suppression authorities. Issuance of coverage is subject to underwriting review and approval. The description herein is a summary only and 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. Coverage may not be available in all jurisdictions. Non-insurance services may be provided through independent third parties.
(1) California Department of Forestry and Fire Protection For other uses of "CDF", see CDF (disambiguation).
The California Department of Forestry and Fire Protection (CDF) or CAL FIRE is the State of California's agency responsible for the administration of the state's private and public forests. . www.fire.ca.gov. May 2005.