Insurer invests in urban dreams. (Allstate Insurance Co. assists Neighborhood Housing Services' rehabilitation of a neighborhood in Queens, New York, New York)

National Underwriter Property & Casualty-Risk & Benefits Management, April, 1994 by Gilbert, Evelyn

QUEENS, N.Y.-- Pockets of poverty are juxtaposed with pockets of hope. The rehabilitation of one New York neighborhood is being fueled, in part, by financial institution and insurer investments. On a recent tour of a revitalized neighborhood in Jamaica, Queens, sponsored by the Neighborhood Housing Services of New York City, Allstate Ins.

Co. representatives presented fire protection devices to homeowners who received home improvement loans from NHS for rehabilitation ranging from boiler repair to gut rehabilitation. According to Michael Arnaud, regional underwriting manager for Allstate, and also a member of the Jamaica NHS board of directors, "Allstate Insurance Company is pleased to make this type of investment in the communities we serve. The recipients...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.