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Scholarship Program Receives Record-Breaking Support from Florida Insurance Companies

More than $61 million in contributions has already been pledged this year by Florida insurance companies to fund scholarships. That is roughly a $20 million increase over last year. These donations help fund more than 9,300 scholarships through the Florida Insurance Industry Scholarship Program.

The Florida Insurance Industry Scholarship Program, launched by Step Up For Students in February, makes it possible for low-income families across the state to choose a school that is best suited to meet their child’s needs. The program recently enrolled its 100,000th student and expects to assist 102,000 students this year.

Peter Corrigan, president of Florida Family Insurance, is chairman of the Florida Insurance Industry Scholarship Program, which helps coordinate and encourage insurance industry participation in the Florida Tax Credit Scholarship Program.  “We’re extremely proud of Florida’s insurance industry for providing such an unprecedented level of support for this tremendously worthwhile program,” said Corrigan. “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.”

Doug Tuthill, president of Step Up For Students, acknowledged the contributions being made by the insurance industry in the state. “We are grateful for the invaluable support of the Florida insurance industry,” he said. “These generous organizations are true leaders for supporting innovative education initiatives in Florida, and we hope other companies and industries follow in their footsteps by providing students with a better opportunity to succeed.”

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Source: Florida Insurance Industry Scholarship Program; Step Up For Students