A.M.BestTV: Insurers Step Up Their Charitable Giving

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FOR IMMEDIATE RELEASE

OLDWICK - FEBRUARY 27, 2015 02:48 PM (EST)
This ^A.M.BestTV episode looks at a new McKinsey & Company survey, which shows that charitable giving by the insurance industry has risen by 15% since 2011.

William Ross, chief executive officer at the Insurance Industry Charitable Foundation (IICF), and Robert Hartwig, senior vice president & chief economist at the Insurance Information Institute, attended the recent annual IICF meeting in New York, where Ross stated, "Charitable giving within the industry is progressing and growing well."

Hartwig discussed the drivers behind the increase. "This is an industry where the desire to help others in the community as well as people known and unknown runs very deep," said Hartwig. "Additionally, it makes excellent business sense because employees like to feel connected to their communities and other people."

Ross agreed, and added, "Any time a business is involved in its community there is a huge business payback."

Click here to view the entire video program: http://www.ambest.com/v.asp?v=iicf215.

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^A.M.BestTV covers exclusive A.M. Best information and reports, targeted topics and key developments in the (re)insurance industry every Monday, Wednesday and Friday. Sign up for alerts of episodes at http://www.ambest.com/multimedia/ambtvsignup.html. View ^A.M.BestTV episodes at http://www.ambest.tv.

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