Philadelphia Insurance Companies, which designs, markets and underwrites commercial property-casualty and professional liability insurance products for select industries, has announced that it will donate $1 million to organizations and community relief funds responding to the COVID-19 pandemic. The contribution will go to organizations throughout the US addressing food and economic insecurity, as well as those delivering critical medical and social services, the company said.
“We are directing our funding to support those most vulnerable to the economic and health-related impacts caused by the pandemic,” said Bob O’Leary, chairman and CEO of Philadelphia Insurance Companies. “So many people, social service providers and businesses need help now more than ever. As this virus continues to spread globally, the needs of communities and responders are growing, and we want to do as much as we can to address the evolving needs.”
Tokio Marine Group, parent company of Philadelphia Insurance Companies, will contribute an additional $500,000, bringing the total donation to $1.5 million. Philadelphia Insurance Companies will also continue to match employee donations to charity.
