The American Red Cross will be distributing the funds among those who need it most.
The latest Eerie Insurance news is that the company has announced that it will be making a donation of $100,000 to the victims of Hurricane Sandy through the American Red Cross.
The funds will be used to assist people in New York, Maryland, and Pennsylvania.
According to the president and CEO of ERIE, Terry Cavanaugh, “There is always a great need that follows catastrophes of this magnitude and the Red Cross is the go-to resource for shelter, food, and other assistance.” In his insurance news statement, he also went on to say that “We hope our contribution will help in the ongoing effort to rebuild lives and restore communities.”
The insurance news announcement included the specific division of the donated funds.
The divisions as per the insurance news reports, are as follows:
• American Red Cross of Susquehanna Valley will receive $20,000.
• American Red Cross of the Greater Lehigh Valley will receive $20,000.
• American Red Cross of the Greater New York Region will receive $20,000.
• American Red Cross of Southern Pennsylvania and Philadelphia will receive $20,000.
• American Red Cross of the National Capital Region will receive $10,000.
• American Red Cross of Washington County Maryland Chapter will receive $10,000.
There has been a partnership between Erie and the American Red Cross since the first announcement was made in 2000 from the Erie Insurance Serving Together Volunteer Network. This partnership was created to provide assistance and volunteers for the preparedness education that is required in advance of disasters. Aside from the corporate donation made by the insurer, the company has also promised to match any donations made by the employees of Erie, up to a maximum of $5,000.
Erie Insurance Group is an insurer that is based in Erie Pennsylvania. A.M. Best Company insurance news data shows that it is the 15th largest homeowners policy provider and is also the 12th largest auto policy provider in the United States. This information is based on the direct premiums that have been written by that company.