New York Life Pledges $150,000 in Support of Communities Impacted by Los Angeles Wildfires

Company will also match workforce contributions

NEW YORK--(BUSINESS WIRE)--New York Life, America’s largest mutual life insurer¹, today pledged $150,000 toward disaster-relief efforts in response to the devastating wildfires impacting the Los Angeles region. This includes a $100,000 contribution to the California Fire Foundation’s Wildfire & Disaster Relief Fund and a $50,000 donation to the American Red Cross.

The company has also committed to match up to $100,000 in employee and agent donations to the California Fire Foundation, American Red Cross, and the New York Life Emergency Assistance Fund, which provides financial assistance to employees and agents impacted by catastrophic events.

In addition, New York Life will offer disaster volunteer grants in impacted areas. Employees and agents who volunteer in local relief efforts can secure a $5,000 grant benefiting the nonprofits of their choice for qualifying team projects.

“At the heart of New York Life is a commitment to be there for our customers, our employees and agents, and our communities,” said Heather Nesle, president of the New York Life Foundation. “We extend our deepest support and compassion to all those impacted by the wildfires across the Los Angeles region.”

ABOUT NEW YORK LIFE

New York Life Insurance Company (www.newyorklife.com), a Fortune 100 company founded in 1845, is the largest¹ mutual life insurance company in the United States and one of the largest life insurers in the world. Headquartered in New York City, New York Life’s family of companies offers life insurance, and other solutions. New York Life has the highest financial strength ratings currently awarded to any U.S. life insurer from all four of the major credit rating agencies.²

¹Based on revenue as reported by “Fortune 500 ranked within Industries, Insurance: Life, Health (Mutual),” Fortune magazine, 6/4/2024. For methodology, please see http://fortune.com/fortune500/.

²Individual independent rating agency commentary as of 10/04/2024: A.M. Best (A++), Fitch (AAA), Moody’s Investors Service (Aaa), Standard & Poor’s (AA+).