American International Group, Inc. (NYSE: 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.