Bala Cynwyd, PA (PRWEB) November 14, 2013
Philadelphia Insurance Companies (PHLY), a leading property/casualty and professional liability insurance company for niche markets and its leadership are donating $70,000 to the American Red Cross to provide relief to the people affected by Typhoon Haiyan in the Philippines.
“We are saddened to hear the news and see the images of devastation and loss in the Philippines,” shared Bob O’Leary, President and CEO of Philadelphia Insurance Companies. “We commend our partners at the Red Cross for their continued commitment to disaster relief and pledge our support to their efforts.”
Philadelphia Insurance is pledging $50,000 and will match all employee donations for relief efforts. PHLY’s Founder and Chairman Emeritus James J. Maguire will donate $10,000 from the Maguire Foundation and PHLY’s Chairman Jamie Maguire will donate another $10,000 to the Red Cross.
“We are grateful for the support Philadelphia Insurance Companies has provided in times of disaster, both close to home and internationally,” said Judge Renee Cardwell Hughes, CEO of the American Red Cross Southeastern Pennsylvania.
PHLY 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. 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. Philadelphia Insurance Companies has donated more than $14 million to charitable causes and organizations since 1980.
About Philadelphia Insurance
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products incorporating value added coverages and services for select industries. In operation since 1962, the Company, whose commercial lines insurance subsidiaries are rated “A++” (Superior) by A.M. Best Company and “A+” for counterparty credit and financial strength by Standard & Poor’s, is nationally recognized as a member of Ward's Top 50, National Underwriter’s Top 100, and one of the Top 150 Workplaces in America. The organization has 48 offices strategically located across the United States to provide superior service. For more information, please visit http://www.PHLY.com.