Philadelphia Insurance Companies and The Travelers Companies, Inc . each announced donations to the American Red Cross last week to provide relief to the people affected by Typhoon Haiyan in the Philippines.
Announcing its donation on Wednesday, Philadelphia said it is pledging $50,000 and will match all employee donations for relief efforts. In addition, the company’s founder and Chairman Emeritus James J. Maguire will donate $10,000 from the Maguire Foundation and Chairman Jamie Maguire will donate another $10,000 to the Red Cross.
The company also donated $50,000 to the Red Cross in May to aid Midwest tornado victims and in 2012 partnered with members of the Tokio Marine Group to donate more than $195,000 to the Red Cross following Hurricane Sandy. In addition, the Company and its employees also raised $129,000 for the Red Cross Haiti relief fund and more than $195,000 for the Red Cross Japan tsunami and earthquake relief fund—donating more than $14 million to charitable causes and organizations since 1980.
Separately, on Friday, Travelers said the company would make an immediate donation of $50,000 to the American Red Cross to assist in the Haiyan relief efforts, adding that the would match employee donations up to $50,000, for a total corporate commitment of $100,000.
Travelers will match employee donations to the American Red Cross, Save the Children or the International Rescue Committee, dollar for dollar, up to $50,000.
Sources: Philadelphia Insurance Companies, The Travelers Companies, Inc.