AIG, U.S. Chamber of Commerce Announce Initiatives

December 6, 2001

American International Group, Inc. (AIG) and the United States Chamber of Commerce announced a number of initiatives to provide Chamber members with comprehensive resources to obtain business insurance and employee benefits products and services.

The U.S. Chamber has named AIG member companies the exclusive endorsed providers of business insurance products and services including property, casualty, specialty and employee benefits insurance. As part of the endorsement, AIG member companies have designed a comprehensive insurance solution — known as ChamberFirst — specifically for the needs of U.S. Chamber members. ChamberFirst offers commercial insurance products including Business Owners Policy (BOP), Trade Credit Insurance and Online Services, Employment Practices Liability, Workers’ Compensation, Management Liability, Environmental Liability, Umbrella Liability, International Insurance and related loss prevention and claims management services.

The ChamberFirst program also offers access to employee benefits coverages, as well as voluntary benefit programs that enable employees to purchase personal insurance, such as automobile and homeowners coverages, through convenient and economical payroll deductions.

All insurance coverages are underwritten by AIG member companies. In addition to the ChamberFirst program, the U.S. Chamber endorsement encompasses a full range of insurance products – including specialty coverages, such as crisis management, property terrorism and sabotage, political risk and accidental death and dismemberment.

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