This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

AIG Disaster Relief Fund Donates Over $1 Million To Local Organizations Affected By Storm Sandy

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,745.98 -5.41 -0.03%
S&P 500 2,108.63 +0.06 0.00%
NASDAQ 5,128.7850 +17.0520 0.33%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs