NEW YORK--(BUSINESS WIRE)--Sep. 15, 2015--
AIG Private Client Group, a division of American International Group,
Inc. (NYSE:AIG) that serves high net worth clients, today marked the
10-year anniversary of its Wildfire Protection Unit (WPU) with
Montecito, CA, officials, providing pro-bono fire protection to key
areas in the Montecito Fire Protection District in preparation for the
height of wildfire season.
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AIG’s WPU, in collaboration with Montecito wildfire specialists, spent
the day spraying a bio-degradable fire retardant and performing other
mitigation actions in the Montecito area using special-purpose built AIG
WPU trucks.
The work in Montecito recognizes the vulnerability of California to
wildfires. In 2014, 7,865 fires destroyed 555,044 acres and caused
millions in property damage statewide, according to the National
Interagency Fire Center. And the 2015 wildfire season has been very
active.
AIG’s WPU was created ten years ago to serve AIG Private Client Group
clients in select areas of Northern and Southern California. The service
has been expanded to include additional customers in California, as well
as in parts of Colorado and Texas. The AIG WPU is not a private fire
department, but a loss mitigation service designed to preempt damage
well before a wildfire ignites.
Throughout the year, AIG’s certified wildfire specialists, in
custom-built WPU trucks, visit homeowners to educate them about
bolstering their home’s fire defenses throughout the dry season. They
work in collaboration with local fire authorities and, when warranted,
spray fire retardant around the perimeters of vulnerable properties as
an added layer of wildfire protection. The type of fire retardant used
remains effective on ground vegetation for months, or until washed off
with a hose or heavy rain.
“The Wildfire Protection Unit puts in action AIG’s philosophy of working
strategically with our customers to reduce risk. Helping homeowners
mitigate the risk of wildfires destroying or damaging their homes,
particularly in fire-prone areas, helps protect property and people and
is a service we take great pride in providing,” says Kevin Hogan, Chief
Executive Officer, AIG Consumer Insurance.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 countries and
jurisdictions. AIG companies serve commercial, institutional, and
individual customers through one of the most extensive worldwide
property-casualty networks of any insurer. In addition, AIG companies
are leading providers of life insurance and retirement services in the
United States. 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
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| Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150915006876/en/
Source: American International Group, Inc.
AIG
Media:
Matt Gallagher, 212-458-3247
matthew.gallagher2@aig.com
or
Lauren
Kochendarfer, 212-770-3155
lauren.kochendarfer@aig.com
or
Investors:
Liz
Werner, 212-770-7074
elizabeth.werner@aig.com