Friday, November 30, 2007
The first annual dinner of the New York division of the Insurance Industry Charitable Foundation will take place at the Waldorf Astoria Hotel in New York City next Wednesday December 5. The event will feature special guest New York City Mayor Michael Bloomberg and will honor Brian Dupperault, former chairman and CEO of ACE Ltd. Martin Sullivan, president and CEO of AIG will chair the dinner. The event is expected to raise a total of $1.5 million for three tri-state area charities. Some of you will already be aware that the insurance industry ranks among the top 15 contributors when it comes to charitable donations. According to a survey by the Conference Board, charitable contributions to U.S. and international causes by 211 of the largest U.S. companies and U.S. corporate foundations amounted to $9.87 billion in 2005. The insurance industryâ€™s donations to U.S. beneficiaries totaled $181.3 million, placing it eleventh out of 19 industry groups.