AIG Disaster Relief Fund Donates Over $1 Million to Local Organizations Affected by Storm Sandy

Before you go, we thought you'd like these...
Before you go close icon

AIG Disaster Relief Fund Donates Over $1 Million to Local Organizations Affected by Storm Sandy

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYS: AIG) announced today that the AIG Disaster Relief Fund (DRF) has donated more than $1 million to local organizations in New York, New Jersey, Connecticut, and Pennsylvania that were affected by Storm Sandy. The donations followed an in-depth analysis by AIG's claims department, which helped determine which organizations would benefit most. AIG established the Disaster Relief Fund to assist victims of natural and manmade disasters around the world.

The money from the DRF will be divided among seven organizations, including branches of the Brooklyn, New York and Queens Public Libraries, the Police Athletic League of New York, and the YMCA. Additional beneficiaries included the South Street Seaport Museum and the Robert L. Craig Elementary School in New Jersey.

"Helping customers and communities recover and rebuild from disasters is at the very core of our business," said AIG Property Casualty CEO Peter Hancock. "This donation demonstrates not only tremendous partnership within our own organization and local communities, but also our steadfast commitment to providing support and relief to those who need it most."

In addition to the money from the DRF, AIG employees made personal contributions to, and raised funds for, organizations affected by Storm Sandy. For example, AIG employees in the U.K. raised additional money for a devastated school district in New Jersey.

"These truly selfless contributions from our employees reinforce the spirit of generosity, commitment to others, and persevering nature that make our employees the best at what they do, both at work and in their personal endeavors," Hancock continued. "At AIG, we believe that tomorrow brings limitless possibilities, and we are thrilled that these donations will help make tomorrow possible for these organizations."

"AIG Disaster Relief Fund aids continuing Sandy recovery," a video about AIG's commitment to the community, and the ongoing recovery efforts of the donation recipients, is available on AIG's YouTube channel.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. 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 | YouTube: |Twitter: @AIG_LatestNews | LinkedIn: |

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 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 jurisdictions, 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.

Jon Diat, 212-770-3505
Matt Gallagher, 212-458-3247
Liz Werner, 212-770-7074

KEYWORDS:   United States  North America  New York


The article AIG Disaster Relief Fund Donates Over $1 Million to Local Organizations Affected by Storm Sandy originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

People are Reading