Genworth      Print Page    Close Window

Press Release

Genworth Financial to Provide 37 Housing Units for Hurricane Katrina Victims

Housing units will be available in Virginia and North Carolina

RICHMOND, Va., Sept. 16 /PRNewswire/ -- Genworth Financial (NYSE: GNW) announced today a coordinated effort to provide 37 housing units for families left homeless by Hurricane Katrina for a period of up to one year in Virginia and North Carolina.

Genworth will coordinate with Virginia and North Carolina government officials, social service agencies and non-profit organizations to provide housing and case management services. "Thousands of Virginians have made very generous offers of assistance, and made substantial contributions to help the Hurricane Katrina relief effort," said Governor Mark R. Warner. "Genworth Financial's comprehensive approach in housing assistance is a model for other corporate citizens."

Genworth Financial will fund the costs for housing and utilities and Genworth Volunteers will engage to help evacuees with supplies, clothing, furniture, food and other needs. "Finding quality housing is one of the biggest immediate challenges for Katrina victims," said Michael D. Fraizer, chairman and chief executive Officer of Genworth Financial. "Working with local and state officials from Virginia and North Carolina and with our Genworth volunteers, we feel we can help give victims a leg up as they recover from this disaster and rebuild their lives."

Previously, Genworth Financial announced it will offer grace periods and special claims handling for policyholders in the hurricane disaster areas including extending grace periods for life and long-term care policies, limiting policy cancellations and non-renewals and providing additional time for new business delivery requirements for life and long-term care insurance premiums. For Genworth customers using mortgage insurance products, the company is working with lenders and investors to coordinate relief that might include reduction or suspension of mortgage payments or creation of longer payment periods. Additionally, Genworth contributed $150,000 to the American Red Cross for disaster victims. All Genworth employee contributions were also matched dollar for dollar for Red Cross and other relief organizations.

"Many of Genworth's more than 3,300 employees in Virginia and North Carolina have already expressed strong interest of volunteering for our Project Home effort," said Melissa Skottegaard, director of community relations for Genworth Financial. "Many of the evacuees arriving in Virginia and North Carolina will come with only the shirts on their backs. Our employees across the world will work together to provide these individuals and families with much needed support so that they can focus on getting their lives back in order. We look forward to welcoming our new neighbors to Virginia and North Carolina."

About Genworth Financial

Genworth (NYSE: GNW) is a leading insurance holding company, serving the lifestyle protection, retirement income, investment and mortgage insurance needs of more than 15 million customers, and has operations in 24 countries, including the U.S., Canada, Australia, the U.K. and more than a dozen other European countries. For more information, visit

SOURCE Genworth Financial

CONTACT: Neal McGarity, +1-804-662-2534,, or Tom Topinka, +1-804-662-2444,, both of Genworth Financial