WARREN, N.J., March 28, 2011 /PRNewswire/ -- The Chubb Corporation (NYSE: CB) has established a $750,000 fund for disaster relief efforts related to the earthquake and tsunami in Japan.
Chubb will contribute $500,000 to the International 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 $250,000. If total employee donations exceed $125,000, Chubb will continue to match those employee dollars on a dollar-for-dollar basis.
"We hope that our contributions will help the Japanese people restore their great nation and ease their tremendous suffering," said Harold Morrison, executive vice president, chief global field officer and chief global administrative 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 Chubb Corporation