NU Online News Service, Oct. 19, 2:35 p.m. EDT
The property and casualty insurance industry contributed over $500 million to charity in 2010, but executives are dissatisfied with the return, according to a report released today by McKinsey & Company.
The report is the first overview of the industry's philanthropic efforts, McKinsey says. Through interviews, surveys and focus groups, the report says the industry is not satisfied with its “return on giving” and notes the significant opportunities for P&C companies to enhance the impact of their charitable giving.
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