Argus Distributes $170K To Bermuda Non-Profits
Argus Group Holdings Limited announced that its Donations Committee in Bermuda has distributed $170,000 to more than 17 Bermuda-registered charities for the Company’s 2022 fiscal year.
A spokesperson said, “The financial grants, which fund non-profit activity between April 1, 2021, and March 31, 2022, are the result of a three-month vetting process undertaken by Chair Joel Schaefer and a seven-member committee made up of Argus employees.”
“Argus has a steadfast commitment to the wellbeing of the communities in which it does business. While it isn’t feasible to fund every application we receive, we are delighted to support 17 non-profits that are making a meaningful impact in our community,” said Mr. Schaefer.
“The organisations receiving funds include:
- Action on Alzheimer’s & Dementia
- The Adult Education School
- Bermuda Cancer and Health Centre
- Bermuda Hospitals Charitable Foundation
- Bermuda Sloop Foundation
- Big Brothers Big Sisters of Bermuda
- The Duke of Edinburgh Bermuda
- The Eliza Dolittle Society
- The Family Centre
- Friends of Hospice
- Knowledge Quest
- Open Airways
- P.A.L.S.
- The PHC Foundation
- Teen Haven
- Word of Life Bermuda
- The Youth Entrepreneurship Initiative of Bermuda
“There are many dedicated organisations providing critical programmes and services in Bermuda, and the importance of their work has been thrown into stark relief by the global pandemic,” Mr. Schaefer added.
“Each successful organisation has received between $5,000 and $25,000 for programmes that fall into the four categories that represent our committee’s focus: Seniors, Youth and Sport, Education, and Health and Wellness.”
“He also noted that the next application process will begin in January 2022 to fund programmes during the 2023 fiscal year.”
This should read “Having stuffed policyholders so much we have a surplus of funds”. This year they boasted about how they had paid less than expected in claims last year, and given a credit to policyholders, only to increase this year’s premiums by at least 3 times the credit. Argus, like other insurers, suck.