AIG small business(R) names MCGOWAN & COMPANY, INC. as its community associations program administrator

NEW YORK.-AIG Small Business(R) (AIGSB), a division of the property-casualty insurance companies of American International Group, Inc. (AIG), announced today that it has named McGowan & Company, Inc. (McGowan) to serve as the program administrator for its Community Associations Program.

The Community Associations Program tailors directors & officers (D&O) and employment practices liability (EPL) insurance coverage to the needs of community associations and their respective board members.(1) This program covers associations including, but not limited to, condominium associations, homeowners associations, planned unit development, town home associations, cooperatives, timeshares, community associations with rental units, and commercial associations.

“McGowan’s long standing presence in the homeowner and community associations industry makes them the ideal partner to team up with to grow our portfolio of community association insureds,” said Vincent C. Tizzio, President of AIG Small Business.

“We are proud to have been selected by AIG Small Business as the program administrator for their D&O and EPL products for community associations. Our firm specializes in this industry, and the addition of AIG enables us to deliver financial solutions to our core market,” said Thomas B. McGowan, IV, President and Chief Executive Officer of McGowan & Company, Inc.

For more information on the Community Associations Program, please contact McGowan & Company, Inc. at 1.800.545.1538, visit www.mcgowaninsurance.com or email Joel Meskin at jmeskin@mcgowaninsurance.com or Patty Satayathum at psatayathum@mcgowaninsurance.com.

For more information on other AIG Small Business products and services, please visit www.aigsmallbusiness.com, call 1.877.867.3783, or email aigsb@aig.com.