Nationwide, N.Y. Life Help Flood Victims

The recent floods and windstorms “have had a profound impact on the lives of thousands of our own associates and many customers of Nationwide and Allied Insurance,” says W. Kim Austen, president of Allied Insurance, Des Moines, Iowa, a Nationwide subsidiary. “We’re hopeful that other corporate citizens with the means will choose to support the American Red Cross in helping people in our region rebuild their lives.”

New York Life is giving $50,000 immediately to the American Red Cross Disaster Relief Fund, and it will be providing up to $50,000 in 1-to-1 matching contributions for employee, agent and retiree gifts to the American Red Cross Central U.S. Floods & Tornadoes fund, up to a total of $50,000.

“The recent severe flooding in the Midwest has had a profound impact on communities where our policyholders, our employees and our agents live and work,” New York Life President Ted Mathas says. “Our thoughts and prayers are with everyone affected by this disaster.”