AIG Announces FAA Approval for Commercial Use of Unmanned Aerial Vehicles

American International Group, Inc. (NYSE:AIG) today announced that the Federal Aviation Administration (FAA) has approved AIG’s request to operate small unmanned aerial vehicles (UAVs) to conduct inspections for risk assessment, risk management, loss control, and surety performance for customers in the U.S. The exemption also permits AIG to implement a robust research and development program to explore new and innovative ways to employ UAVs in support of the needs of its customers.

UAVs can help accelerate surveys of disaster areas with high resolution images for faster claims handling, risk assessment, and payments. They can also quickly and safely reach areas that could be dangerous or inaccessible for manual inspection, and they provide richer information about properties, structures, and claim events.

“AIG is committed to continuous improvement and innovation in providing better, faster, and safer risk and claims assessments to our customers,” said Eric Martinez, Executive Vice President, Claims and Operations, AIG. “Leveraging cutting edge technologies like UAVs can enhance our ability to assess and mitigate risks to better help our customers and their communities prepare for and rebuild after a catastrophic event.”

AIG has already established an international UAV research and development program and conducted flights in New Zealand. These flights have provided valuable insights on technology, flight operations, and image collection techniques that will be incorporated into AIG’s global UAV strategy. AIG’s global presence puts the company in a unique position to build our expertise today and to operate UAVs safely and effectively in the U.S. and around the globe.

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.

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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.

American International Group, Inc.MediaJon Diat, [e-mail] Hendricks Sullivan, [e-mail] Werner, [e-mail]