New York Life donates $25,000 to flood relief effort in South Carolina.

NEW YORK, November 17, 2015—New York Life announced today it will donate $25,000 to aid flood relief efforts in South Carolina with a $10,000 donation to the American Red Cross designated for 2015 South Carolina flood relief and a $15,000 donation to Central Carolina Community Foundation for 2015 South Carolina flood relief.

For some South Carolina locations, the historic recent rainfall qualifies as a “1,000-year rain event”—meaning that in a given year there is a one-in-a-thousand chance of observing the amount of rainfall that affected those parts of the state. In addition to thousands of homes, businesses and schools being flooded, more than 300 roads and bridges were closed, resulting in the declaration of a state of emergency. Nineteen lives were lost due to the torrential rain.

“Our thoughts are with all those who have been affected by the historic flooding that took a terrible toll on the residents of South Carolina,” said Mitch Kay, managing partner of New York Life’s Charlotte General Office. “On behalf of the local agents and staff at New York Life in the affected areas, we hope that our support will ease the pain of all who were impacted as they begin the clean-up and begin to rebuild their lives.”

New York Life stands ready to lend a hand when help is needed. Policyholders may be eligible for crisis relief and should call toll-free at 1-800-695-4331 for assistance. In difficult moments like this one, New York Life is committed to providing disaster victims with a brighter future.

New York Life Insurance Company, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States* and one of the largest life insurers in the world. New York Life has the highest possible financial strength ratings currently awarded to any life insurer from all four of the major credit rating agencies: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).** Headquartered in New York City, New York Life’s family of companies offers life insurance, retirement income, investments and long-term care insurance. New York Life Investments*** provides institutional asset management and retirement plan services. Other New York Life affiliates provide an array of securities products and services, as well as retail mutual funds. Please visit New York Life’s website at www.newyorklife.com for more information.

 

Talk it through with an expert.

We're here to help.

get started
Further Reading
  • Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/15/15. For methodology, please see http://fortune.com/fortune500/.
  • Individual independent rating agency commentary as of 8/11/15. 
  • New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary, New York Life Investment Management LLC.