AIG Disaster Relief Fund Donates Over $1M to Sandy-Affected Organizations

American International Group, Inc. announced that the AIG Disaster Relief Fund (DRF) has donated more than $1 million to local organizations in New York, New Jersey, Connecticut, and Pennsylvania that were affected by Storm Sandy.

The donations followed an in-depth analysis by AIG’s claims department, which helped determine which organizations would benefit most. AIG established the Disaster Relief Fund to assist victims of natural and manmade disasters around the world.

The money from the DRF will be divided among seven organizations, including branches of the Brooklyn, New York and Queens Public Libraries, the Police Athletic League of New York, and the YMCA. Additional beneficiaries included the South Street Seaport Museum and the Robert L. Craig Elementary School in New Jersey.

“Helping customers and communities recover and rebuild from disasters is at the very core of our business,” said AIG Property Casualty CEO Peter Hancock. “This donation demonstrates not only tremendous partnership within our own organization and local communities, but also our steadfast commitment to providing support and relief to those who need it most.”

In addition to the money from the DRF, AIG employees made personal contributions to, and raised funds for, organizations affected by Storm Sandy. For example, AIG employees in the U.K. raised additional money for a devastated school district in New Jersey.

“These truly selfless contributions from our employees reinforce the spirit of generosity, commitment to others, and persevering nature that make our employees the best at what they do, both at work and in their personal endeavors,” Hancock continued. “At AIG, we believe that tomorrow brings limitless possibilities, and we are thrilled that these donations will help make tomorrow possible for these organizations.”

Source: AIG