When disaster strikes, the insurance industry is a financially first response. Millions of dollars are on their way to policyholders to cover claims related to the harsh winter weather that hit the United States in February. But the industry is also staffed by individuals who care deeply about their communities and contribute beyond what their jobs require.
Below are some examples of donations that companies and organizations have made to help their neighbors in need.
- The American Family Insurance Dreams Foundation made a $ 1
- Several insurance companies, including Liberty Mutual and Northwestern Mutual, are part of the American Red Cross disaster response program. The Red Cross collaborates with government and social partners to coordinate the distribution of food and water to where it is needed most.
- Hanover Insurance Group, Inc. raised $ 1.5 million for United Way and hundreds of other nonprofits across the country through an employee giving campaign. The grant is the largest donation the company's charity foundation and its employees have ever made through the annual dividend program.
- Insurance Industry Charity Foundation (IICF) The Southeast Division has raised more than $ 560,000 to support 21 nonprofit beneficiaries facing challenging times due to the COVID-19 pandemic and recent winter storms. The IICF also raises money to feed children and families facing hunger due to the pandemic.
- New York Life donated $ 100,000 to Feeding Texas in response to the winter storm to support immediate food shortages in the most vulnerable communities in the state. The New York Life Foundation will match donations from employees and agents up to an additional $ 100,000 to both Feeding Texas and the New York Life Emergency Assistance Fund, which provides financial support to employees and agents affected by catastrophic events.
- Texas Mutual Insurance Company donated $ 100,000 to six frontline organizations and provided Texans with basic needs such as food, water and protection. The Coalition for the Homeless in Houston was one of the recipients.
- The USAA Foundation, Inc. has announced a $ 350,000 commitment to help Texas residents recover from the February storm.