US insurer donates $1m to COVID-19 relief

By Amir Sadiq

Philadelphia Insurance Companies (PHLY) has pledged $1m to organisations and community relief funds leading response and recovery efforts for those affected by the coronavirus pandemic. The contribution will go to organisations across the country addressing food and economic insecurity and those delivering critical medical and social services.

“We are directing our funding to support those most vulnerable to the economic and health-related impacts caused by the pandemic,” said chairman and CEO Bob O’Leary.

So many people, social service providers, and businesses need help now more than ever. As this virus continues to spread globally, the needs of communities and responders are growing, and we want to do as much as we can to address the evolving needs.”

Tokio Marine Group, PHLY’s parent company, will contribute an additional $500,000 donation bringing the total to $1.5m. PHLY will also continue to match employee donations to charities.

Asia Insurance Review

Leave a Comment

Your email address will not be published. Required fields are marked *