Power Plants

April 15, 2002

Nuts & Bolts: American International Group Inc.’s (AIG) American International Companies have introduced AIG PowerBuild (SM), which provides a comprehensive package of insurance products and services designed for the construction and operational phases of power generation facilities. Coverages include construction wrap-up (including workers’ compensation, general liability and auto liability), umbrella excess, builder’s risk/property, environmental, professional liability and surety. AIG PowerBuild also offers comprehensive insurance coverage for an operational facility, including primary casualty, excess casualty, environmental, property, boiler and machinery/equipment breakdown coverage and management liability protection.

Contact: David Schwartz or Tim Kania, (212) 837-3063, david.schwartz@aig.com, tim.kania@aig.com