AIG Launches Design and Construction Phase Risk Mitigation Service for Luxury Homes
July 16 2015 - 8:00AM
Business Wire
AIG Private Client Group, a division of American International
Group, Inc. (NYSE:AIG), today introduced the insurance industry’s
first risk management and mitigation service for residential
construction projects with budgets of $5 million or more.
As part of its Smart Build offering, AIG risk experts consult
with policyholders, their contractors, architects, and other
building professionals during the earliest stages of residential
construction projects. They recommend the latest technologies and
best building practices during home design and construction to help
enhance a home’s safety and resilience when completed; promote
sound environmental practices; and lessen the chance costly claims
will happen in the first place. The recommendations can also
potentially minimize the need for expensive retrofitting after
construction is done.
The service seeks to minimize risks related to natural
catastrophe, water damage, security, fire and life safety, and
potential threats to fine art or other collections that will be
located in a home. AIG’s Smart Build recommendations come from the
company’s deep experience protecting some of the world’s largest
luxury homes, as well as extensive analysis of AIG claims data and
overall loss trends.
Smart Build has been successfully piloted with select
contractors in the Hamptons and South Florida.
“We’ve seen firsthand on many occasions what can go wrong in a
luxury home, and in many instances we know damage could have been
avoided by better planning in the design and building phases,” said
Stephen Poux, Senior Vice President of Risk Management and Loss
Prevention for AIG Private Client Group. “Smart Build gives AIG a
seat at the table from the very start of the design process to
increase the likelihood that our customers will enjoy the safest,
most resilient home possible for many years to come.”
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 |
YouTube: www.youtube.com/aig | 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/20150716005246/en/
American International Group, Inc.Media:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comorLauren Kochendarfer,
212-770-3155lauren.kochendarger@aig.comorInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.com
American (NYSE:AIG)
Historical Stock Chart
From Aug 2024 to Sep 2024
American (NYSE:AIG)
Historical Stock Chart
From Sep 2023 to Sep 2024