October 24, 2008
Dear Business Colleagues,
AIG Commercial Insurance’s (AIGCI) commitment to policyholders is never more evident than when claims are filed. Our willingness and ability to pay claims remains unassailable — even in the face of our parent company’s challenges. In fact, in the past 45 days, Lexington Insurance Company, a member of AIGCI, has advanced $130 million in claim payments on nearly 2,300 claims for customers devastated by Hurricanes Ike and Gustav. Below are more facts that I think are important to note about AIGCI’s claims operations:
- AIGCI stands ready to pay claims, making on average $73 million in policyholder claims payments every single business day.
- There is no substitute for experience. Nearly 6,000 dedicated AIGCI claims professionals average more than 10 years of experience.
- AIGCI’s in-house claims experts manage the most highly technical and complex claims situations from severity specialty and workers’ compensation claims to primary casualty and directors’ and officers’ liability suits.
- More than 50 percent of the staff in most of our specialty claims areas are attorneys. These professionals provide our operations with in-depth knowledge of laws and regulations, real world experience, and an ability to identify, and help circumvent, developing loss trends.
- Best-in-class, global resources are on-the-ground for the benefit of our clients, including premier law firms, investigators, medical management professionals, forensic specialists and others.
- The latest technology streamlines claims reporting and expedites resolution, including paperless claims handling and convenient 24/7 online access to report claims.
When clients need us most, the promise to pay covered claims and provide exemplary service is a priority at AIGCI. I would ask you to compare our in-house claims resources to others. I am confident that you will find our claims team is second to none.
For more information on our market-leading claims capabilities, contact your local AIGCI representative, your broker or visit:
www.aig.com/commercialinsurance. Additionally, an updated
Fact Sheet is available on the latest AIGCI developments.
Thank you for your continued support.
John Q. Doyle
President and CEO
AIG Commercial Insurance