Haiti earthquake: industry shows generosity

par Hubert Roy | February 26 2010 05:57PM

The insurance industry is showing its support for the people of Haiti with numerous donations following the earthquake that devastated the country on Jan. 12.

Among the insurers' and organizations which have publicly announced their donations is AXA Canada which made a $20,000 donation to the Canadian Red Cross. The Co-operators announced that it will give the Canadian Red Cross an amount matching donations made by its employees, agents, directors and delegates up to $150,000 to help with relief efforts. The campaign was scheduled to end Feb. 12. By Feb. 3, it had already raised $115,00. La Capitale Financial Group has also held a campaign among its 2,500 employees. The insurer will match the employees' donations. Foresters made a donation of $50,000 to Doctors Without Borders to help its medical relief efforts. Le Groupe Promutuel announced that its employees, mutual company members and their employees raised $40,000 for Haiti's earthquake victims.

The Million Dollar Round Table (MDRT), an international association of financial advisors, has set up the Haiti Disaster Relief Fund. MDRT members and all life insurance and financial services professionals and organizations can donate to the fund at The MDRT Foundation will match donations up to US$100,000 for contributions received through Feb. 28, 2010. All the funds raised will be awarded to Mercy Ships and Heifer International. In addition, during the 2010 MDRT Annual Meeting in Vancouver, BC, MDRT will host the "Million Meal Challenge," a volunteer effort to package 1 million nutritious meals that will be sent to people in impoverished communities worldwide, including Haiti.