NEW YORK--(Business Wire)--
AIG`s American Home Assurance Company has announced that, after productive
discussions with the New Jersey Meadowlands Commission and the New Jersey
Attorney General's Office, it has agreed to perform under the surety bond it
issued to the New Jersey Meadowlands Commission on behalf of EnCap Golf Holdings
LLC and will immediately begin remediation of the landfills in Lyndhurst, North
Arlington, and Rutherford that were the subject of the bond.
Russell Johnston, President of AIG`s environmental unit, said, "We are glad to
move forward in cleaning up this site and transforming it into a safe, healthy,
and attractive part of the Meadowlands area."
American International Group, Inc. (AIG), a world leader in insurance and
financial services, is the leading international insurance organization with
operations in more than 130 countries and jurisdictions. AIG companies serve
commercial, institutional and individual customers through the most extensive
worldwide property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services, financial
services and asset management around the world. AIG's common stock is listed on
the New York Stock Exchange, as well as the stock exchanges in Ireland and
Tokyo.
American International Group, Inc.
Joe Norton, 212-770-3144
Director of Public Relations
Copyright Business Wire 2009
