USAA and The USAA Foundation committed $2.3 million to donate to military-focused and national nonprofits in addition to the $2.1 million USAA directed to local nonprofits. The aid will go to several nonprofits, including Fisher House Foundation, USO, Tragedy Assistance Program for Survivors and more. Furthermore, USAA auto insurance customers will receive 20% credit on two months of premiums.
Through its foundation,
Nationwide is donating $5 million to local and national nonprofits to support medical and economic response efforts. The Nationwide Foundation approved $1 million in grants each to the American Red Cross, Feeding America and the United Way, as well as up to $2 million in grants to be distributed in communities where Nationwide operates.
Chubb announced that it is committing $10 million to pandemic relief. The aid will support organizations providing emergency medical equipment and supplies to healthcare facilities and to community foodbanks to support those who have become unemployed as a result of the pandemic. The funding will be made by the Chubb Charitable Foundation.
Farmers Insurance donated $150,000 to the National First Responders Fund to help first responders cope with the post-traumatic stress that can often afflict those who encounter emergencies as part of their profession. The insurer is also providing a 20% monthly credit to customers with business owner’s policies for the next two months.
(Photo: Farmers Insurance)
QBE North America will donate 95,000 3M standard ear-loop face masks to hospitals around the country. "While this evolving situation is new, caring about the health and well-being of our employees, customers, partners and communities is not new—it's part of our culture,” Todd Jones, CEO of QBE North America, said in a statement. "This donation serves as a sincere thank you to our healthcare workers, who are working tirelessly on the front lines of this battle."
Travelers pledged $5 million to support coronavirus relief efforts in North America, the United Kingdom and Ireland, of which $3.5 million will be donated to charities, and up to $1 million will go to pay the wages and health benefits for eligible third-party contract employees. The company also announced it will match up to $500,000 employee contributions to designated organizations.
The Hanover Insurance Group announced the creation of The Hanover CARES Refund, through which the company will return 15% of April and May auto premiums to eligible personal lines customers. Additionally, the company pledged $500,000 to support nonprofits in local communities, including the United Way, Boys & Girls Club and Chamber of Commerce organizations in Massachusetts and Michigan.
(Photo: The Hanover)
Fundación MAPFRE, the nonprofit arm of MAPFRE, will donate $2.3 million to support medical needs across Massachusetts. The donations will help Boston-area organizations, including Boston Medical Center, UMass Memorial Health Care and Massachusetts General Hospital. The donation is part of a $38 million global paid package by the foundation.
Texas Mutual Insurance Company committed $2 million in grant funding for nonprofit organizations across the state. The grants will go to 40 nonprofit organizations, including Meals on Wheels, United Way, local food banks, community health organizations and more that are on the front lines of the COVID-19 efforts. The workers’ compensation provider also will distribute $330 million in policyholder dividends two months early to approximately 57,000 Texas business owners.
(Photo: Texas Mutual)
Allstate Foundation is contributing $5 million to accelerate relief and recovery for domestic violence victims, youth in need, first responders and communities at large during the coronavirus pandemic. “It’s incredibly inspiring to see people finding ways to take care of each other,” said Elizabeth Brady, Allstate chief marketing, customer and communications officer and trustee of The Allstate Foundation, in a statement. “For 68 years, The Allstate Foundation has delivered on Allstate’s promise to serve as the Good Hands – especially in a moment of need.” In addition, the company expects to return more than $600 million to auto insurance customers.
Since its emergence, the coronavirus has caused fear and worry in millions as it spread at a rapid pace. At the same time, it has revealed the courage, camaraderie, and care of people around the world.
In the U.S., politicians have rallied together in rare bipartisan legislation to help Americans navigate the economic strains of the COVID-19 pandemic. States are introducing groundbreaking bills that would protect business owners from coronavirus-caused losses.
Businesses are doing their part to help people and communities, too. In recent weeks, auto insurers have begun issuing refunds to auto insurance policyholders in response to dramatic drops in driving as regions remain under shut-down.
Several insurance companies are leading the way in supporting people and the nonprofits and health care organizations that are fighting against the virus. Read about 10 such initiatives from P&C insurance companies in the slideshow above.
For more coronavirus coverage, visit our Instant Insights page, “The coronavirus and its impact.”