Chubb Establishes $1 Million Fund for Asia Disaster Relief

The Chubb Corp. said it has established a $1 million fund for disaster relief efforts related to the Myanmar cyclone and China earthquake.

Chubb said it would contribute $500,000 directly to the American Red Cross for relief efforts connected to the two catastrophes. In addition, the insurer will match employee contributions to qualified relief organizations on a two-for-one basis, up to $500,000.