Monday, June 1, 2020

Chubb Commits $10 Million to Pandemic Relief Efforts

By on April 8, 2020

(Photo by Al Yeacha Irfan on Unsplash)

Pledges No Layoffs Amid COVID-19 Crisis

SAN JUAN – Property and casualty insurance company Chubb announced Wednesday that it is committing $10 million to pandemic relief efforts globally.

The support will go to “people and programs providing emergency frontline services and for assistance to the most financially vulnerable members of the community who have been impacted the hardest by the pandemic,” the insurer said in a media release.

Chubb will work with partner organizations in the United States and other countries to provide “essential resources immediately in areas facing the most acute need,” such as ones providing emergency medical equipment and supplies to healthcare facilities, as well as to community foodbanks “to support those who have become unemployed as a result of the pandemic,” the company said about the funding by the Chubb Charitable Foundation.

The company also announced that it will not lay off employees “while in the midst” of the COVID-19 pandemic health crisis.

“We are committed to supporting people, business and communities most impacted by this global crisis,” said Evan G. Greenberg, Chubb chairman and CEO. “Our $10 million commitment will add to the urgent efforts required to meet the immediate health and nutrition needs of those most affected. Concerning our no-layoff pledge, we want our 33,000 employees around the globe to be assured that their jobs are secure at this difficult time. Given all of the uncertainty that exists in the world, employment and benefits are one thing my colleagues will not have to be concerned about at this time.”

With operations in 54 countries and territories, Chubb also provides personal accident and supplemental health insurance, reinsurance and life insurance.

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