Insurance industry supports education with $61 million – in just one state

Insurance companies have committed a record level of support to a scholarship for needy students

Insurance industry supports education with $61 million – in just one state

Insurance News

By Ryan Smith

Insurance companies in Florida have committed a record level of support for a scholarship program that helps low-income families in the state send their children to the schools best suited to their needs.

So far this year, Florida insurance companies have committed $61.2 million to the Florida Insurance Industry Scholarship Program. That’s the highest level of support ever – enough to fund more than 9,300 scholarships.

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Peter Corrigan, president of Florida Family Insurance Company and chairman of the Florida Insurance Industry Scholarship Program, told radio station 96.5 WDBO that the program has worked hard to increase the insurance industry’s participation.

“We’re extremely proud of Florida’s insurance industry’s unprecedented level of support for this tremendously worthwhile program,”
Corrigan said. “We are on track to double our level of support this year, and I strongly urge insurance companies that aren’t currently participating to join us as a way to give back to our great state.”

The Florida Insurance Industry Scholarship Program is part of the needs-based Florida Tax Credit Scholarship program, which is expected to serve 102,000 students this year, WDBO reported.


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