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Insurance Industry Showcases Philanthropic, COVID Relief Initiatives

Insurance Industry Showcases Philanthropic, COVID Relief Initiatives April 9, 2021 The insurance industry nonprofit Insurance Industry Charitable Foundation (IICF) gave insurance industry leaders an opportunity to talk about their philanthropic initiatives at a recent media event. Leaders from AIG, Amwins, AXA XL, EY, Lloyd’s and The Hartford discussed their efforts to make a difference in various communities over the past year. During the event, IICF released the 2020 COVID-19 Crisis: IICF Children’s Relief Fund Impact Report, which detailed the industry’s giving to its 2020 Relief Funds in the U.S. and UK and how the funds supported those in need, including by providing more than 2.5 million meals to children.

20 Black and brown-owned N J companies just got a big boost

20 Black and brown-owned N.J. companies just got a big boost Updated Dec 21, 2020; A new program that will benefit Garden State entrepreneurs says that it will address a long-standing issue for Black and brown business owners a lack of access to funding. Despite raking in $700 billion last year, businesses founded by Black and brown entrepreneurs don’t have access to capital the same way non-minority owned companies do, according to a report by Vogue Business. Only about 1% of venture capital dollars go to Black and brown founders, the report said. On top of that, minority-owned companies have been hit especially hard by the coronavirus pandemic, according to the National Bureau of Economic Research.

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