"So many organizations -- insurers, reinsurers, brokers, adjusters, and others -- in the insurance industry will provide an unprecedented positive response with their products and services in the coming weeks, months and years," Myatt said.
"Insurance is the key financial contributor to the storm response over the long term in the wide area where Sandy ravaged lives and property. But many of the immediate circumstances are dire and difficult, and go well beyond what insurance products were designed to do," she continued.
"The insurance industry for a long time has supported its local communities with charitable efforts," Myatt said. "The industry will continue and expand on this tradition, and in speaking with industry leaders I see that is already the case. IICF aims to be a catalyst so that companies and people in the insurance industry can come together to make an even bigger impact with their philanthropic efforts in storm response."
About the Insurance Industry Charitable Foundation (IICF)
The Insurance Industry Charitable Foundation was established in 1994 and is completely directed and funded by the insurance industry. The foundation helps communities and enriches lives by uniting the collective strengths of the industry to provide grants, volunteer service and leadership. Since its inception in 1994, IICF has contributed more than $18 million in grants to charities and 163,000 volunteer hours to hundreds of community nonprofit organizations. IICF is a registered not-for-profit organization under section 501(c)(3) of the IRS code.