WARREN, N.J., Jan. 14 /PRNewswire-FirstCall/ -- The Chubb Corporation (NYSE: CB) has established a $500,000 fund for disaster relief efforts related to the earthquake in Haiti.
Chubb will contribute $125,000 to Doctors Without Borders and $125,000 to Share Our Strength for relief efforts connected to the catastrophe. In addition, the insurer will match employee contributions to qualified relief organizations on a two-for-one basis, up to $250,000. If total employee donations exceed $125,000, Chubb will continue to match those employee dollars on a dollar-for-dollar basis.
"We are deeply saddened the devastation and suffering in Haiti," said John D. Finnegan, chairman, president and chief executive officer of The Chubb Corporation. "We hope that these contributions will help ease the pain of the victims of this disaster."
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.
SOURCE The Chubb Corporation