In response to the cities and neighboring provinces ravaged by Super Typhoon Yolanda, AIG and its 3,000 employees in the Philippines are actively providing support to local calamity recovery efforts in disaster-impacted communities in the Visayas region. AIG’s disaster relief is focused on both immediate aid efforts and the longer-term rebuilding effort, which is anticipated.
AIG companies in the Philippines including AIG Philippines Insurance Inc. and AIG Shared Services, have donated relief goods, money and employee support, to typhoon relief recovery efforts and routed via partner organizations World Vision and Philippines Red Cross. Immediate relief contributions included donations of cash, clothes, blankets, canned goods, bottled water and medical kits as well as providing paid time off for employee volunteers to package and prepare goods for shipment.
AIG is committed, as well, to the longer-term recovery of afflicted communities and is partnering once more with non-profit organization, Habitat for Humanity Philippines, to address housing restoration, construction and community-building efforts. AIG has pledged an initial commitment of $100,000 to Habitat for Humanity Philippines as well as an employee matching grant which will match each contribution of up to $5,000 each. Paid time off for volunteer opportunities to its individual employees is being provided for long-term rebuilding projects in partnership with Habitat for Humanity Philippines.
Based on experience with disaster relief and risk management from communities around the globe, AIG’s philosophy is focused across the spectrum of disaster response; from relief to rebuilding, and to fostering of sustainable communities with lesser exposure to future disasters.
AIG has been a licensed insurer in the Philippines since 1948, and is a leading provider of property and casualty insurance in the Philippines market today. AIG maintains a major presence in the local market with over 3,000 employees working within AIG Philippines Inc. and AIG Shared Services.
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.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group Inc. 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.