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A.M.BestTV: Insurer Mitigates Wildfire Damage With Tree EffortThis A.M.BestTV episode explores how the Philadelphia Insurance Companies (Philadelphia) is partnering with the Arbor Day Foundation (Foundation) to mitigate disaster prevention, namely wildfires, by planting 80,000 trees. Click on http://www.ambest.com/v.asp?v=arbor715 to view the video program. Healthy trees provide a habitat for wildlife, clean water for communities, as well as decrease the risk of flooding by increasing soil stability and reducing storm water runoff in urban areas. "In the insurance industry, disaster risk is an issue and partnering with the Foundation is a way to address that issue," said Thea Valero, environmental corporate social responsibility coordinator at Philadelphia. "In recent years, wildfires have increased all across the United States, so working with the Foundation is helping us to identify the projects that need to be supported." "Disaster prevention is a big part of our business and trees are a big part of that prevention," continued Robert O'Leary, president and chief executive officer at Philadelphia. "Recently, Texas has been devastated by wildfires and that is why Philadelphia is planting 80,000 trees there, because only a healthy forest will provide a deterrent to wildfires." Additional advantages to Philadelphia in its partnering with the Foundation are the benefits that will be provided to forthcoming generations and the present security to its policyholders. Recent episodes of A.M.BestTV include:
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