WARREN, N.J., Nov. 8, 2012 /PRNewswire/ -- The Chubb Corporation (NYSE: CB) has established a $1,000,000 fund for disaster relief efforts related to Hurricane/Tropical Storm Sandy.
Chubb will contribute $500,000 to the American Red Cross for disaster relief. In addition, the insurer will match employee contributions to qualified relief organizations on a two-for-one basis, up to $500,000. If total employee donations exceed $250,000, Chubb will continue to match those employee dollars on a dollar-for-dollar basis.
"We hope that our contributions will ease the suffering of Sandy victims and help them return to their normal lives as soon as possible," said John D. Finnegan, Chairman, President and Chief Executive Officer of The Chubb Corporation.
The Chubb Corporation is a holding company for a family of insurance companies informally known as the Chubb Group of Insurance Companies. The Chubb organization provides property and casualty insurance to personal and commercial customers through 8,500 independent agents and brokers. Chubb's global network includes branches and affiliates throughout North America, Europe, Latin America, Asia and Australia. More information on Chubb can be obtained at www.chubb.com.
Chubb Group of Insurance Companies
15 Mountain View Road
P.O. Box 1615
Warren, New Jersey 07059
Contact: Mark Schussel
SOURCE The Chubb Corporation