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Amica Family Sends $170,500 to American Red Cross Relief Effort.


Business Editors

LINCOLN, R.I.--(BUSINESS WIRE)--Oct. 24, 2001

A donation of $170,500 has been made to the New York City/Washington, D.C., terrorist attack relief fund being administered by the American Red Cross American Red Cross: see Red Cross. . The donation represents $85,250 given by the employees of Amica Mutual Insurance Amica Mutual Insurance is a mutual insurance company founded in 1907 and located in Lincoln, Rhode Island offering primarily auto, home, and life insurance. The company is licensed in 49 US states with most business concentrated in the Northeastern United States, Florida, Texas,  Company, Amica Life Insurance Company, and the companies' directors, and a dollar-for-dollar match by the Amica Companies Foundation.

Thomas A. Taylor, Amica's president and chief executive officer, expressed gratitude when announcing the amount of the donation to the Amica family. "The generosity of Amica's employees and directors embodies one of the very basic American values - neighbor helping neighbor. All of our support in this most devastating dev·as·tate  
tr.v. dev·as·tat·ed, dev·as·tat·ing, dev·as·tates
1. To lay waste; destroy.

2. To overwhelm; confound; stun: was devastated by the rude remark.
 time will make a difference."

The Amica Companies Foundation is a permanent endowment established to fund the charitable endeavors of Amica Mutual Insurance Company.

Amica Mutual Insurance Company, the nation's oldest mutual insurer of automobiles, was founded in 1907. The company, with corporate headquarters in Lincoln, Rhode Island Lincoln is a town in Providence County, Rhode Island, United States. The population was 20,898 at the 2000 census. Lincoln is located in northeastern Rhode Island, and is north of Providence. , is a national writer of automobile, homeowners, marine, and personal excess liability insurance. Life coverage is available through Amica Life Insurance Company, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
. Amica employs more than 3,400 people in 42 offices across the country.
COPYRIGHT 2001 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Oct 24, 2001
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