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Insurers Rally To Help Rescue Haiti

In an earlier post, I noted my discomfort in merely reporting that insurers had little-to-no exposure in earthquake-ravaged Haiti, asking for examples of industry players ...

By Staff Writer | Updated on January 22, 2010
haitiIn an earlier post, I noted my discomfort in merely reporting that insurers had little-to-no exposure in earthquake-ravaged Haiti, asking for examples of industry players helping to raise rescue, relief and recovery funds. While not up to the level of Hollywood stars pledging $1 million or more out of their own pockets, the industry has begun to respond to the humanitarian crisis on the island.

Among those contributing thus far, we’ve heard from the following:

• ACE Group announced that its ACE Charitable Foundation will donate $250,000 to the American Red Cross Haiti Relief and Development Fund. The foundation will also match ACE employee donations to the Red Cross fund on a dollar-for-dollar basis.

“We are deeply saddened and disturbed by the immense loss of life, suffering and destruction that the people of Haiti have experienced,” said Evan G. Greenberg, chair and chief executive officer of ACE. “Our hearts go out to the Haitian people, who have lost many loved ones in this tragedy and face a difficult recovery effort ahead.”

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