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Brokers compete like hell for business but work together for
charities.
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Industry foundations raise money for cancer centers, charities
that help children and more.
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Silent Partners
Insurance brokers, carriers, pour
millions into charitable works each year, yet few know of their
generosity.
By
Louise Lague
Gerald Sullivan, president of the National Insurance
Industry Council for the City of Hope, a California cancer
center, had a carefully prepared speech for the council’s
dinner in Chicago in November. But on a day when the stock
market had crashed wildly, he added an extra, unexpected plea
at the end.
“Our market has been soft for about three
years,” he said. “But some other industries which
also support City of Hope, such as real estate and
construction, are in rougher shape than we are this year.
Let’s try to pitch in a little more to make up the
difference.”
The suggestion was met with thunderous applause, but it was
strictly a sermon to the choir. Three hundred insurance
executives from Chicago, Los Angeles and elsewhere had gathered
to watch Stephen Lilienthal, then CNA Financial Corp. chairman
and CEO, accept City of Hope’s Spirit of Life Award.
Lilienthal headed last year’s fundraising campaign for
the cancer research and treatment institution located just west
of Pasadena, Calif.
“Insurance companies, and groups of insurance
companies, do incredible things for charity all the
time,” says Sullivan. “But nobody knows. We
don’t talk about it quite enough.”
The City of Hope staff, though, is ready with praise.
“These are good people, generous people,” says City
of Hope president and CEO Michael Friedman, who flew in from
California for the event. The National Insurance Industry
Council (NIIC), which was formed as a group of property and
casualty executives in the Los Angeles area in 1978, has raised
more than $20 million since that time.
National Treasure
Support for the institution gradually went national.
Sullivan, chairman of The Sullivan Group, a Los Angeles-based
consortium of retail and wholesale brokers, demonstrated the
cancer center’s national scope with a U.S. map that
showed City of Hope patients from many other states, as well as
partnerships with 40 other cancer research centers around the
nation. “Cancer touches everybody,” says Sullivan.
“You’re related to somebody, you know somebody, or
you’ve heard of somebody, with cancer. Supporting City
positively affects cancer research and treatment throughout the
country.”
The 95-year old research facility and treatment center runs
more than 300 clinical trials at any given time, with 30% to
40% of its patients participating. It is California’s
leading hospital in hematology and prostate cancer, and its
research has led to the development of at least four cancer
drugs and many other treatment procedures.
Dr. Bob Figlin, City of Hope’s associate director for
clinical research, reminded the group, “We lose 1,500
Americans a day to cancer.” Cures and treatments are
urgently needed, he said, because “75% of cancer patients
are over 55,” and as the baby boomer generation ages,
cancer is expected to strike greater numbers. He hastened to
add that there are also 12 million survivors of cancer in this
country.
Lilienthal, the honoree, also serves on the board of The
Boys and Girls Club of Chicago. The son of a New York deli
owner and a graduate of the College of the Holy Cross in
Worcester, Mass., Lilienthal expressed dismay that he would not
be able to laud the Red Sox or the New England Patriots, but he
did have serious words of praise for the City of Hope and his
fellow donors.
“Our industry has an outstanding tradition of support
for City of Hope and its efforts to quickly move the latest
scientific discoveries into treatments that will benefit
patients around the world,” he said.
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