Temple program receives FM Global grant from Spencer Foundation
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The Spencer Educational Foundation Inc. on Friday awarded the Department of Risk, Insurance & Healthcare Management in Temple University’s Fox School of Business a $50,000 grant through a donation from property insurer FM Global.
The $50,000 Loss Prevention Education Grant will be used to develop course materials to help Temple University students understand how engineering plays a role in loss prevention for property and safety risks, said Michael McCloskey, an instructor in the Philadelphia-based university’s risk, insurance and health care management department, in a statement.
“We are thrilled to have the opportunity to partner with FM Global and Spencer,” Mr. McCloskey said in the statement, noting that he will develop five modules and video materials that will be included in the undergraduate and graduate curricula.
“The foundation’s mission is to fund the education of tomorrow’s industry leaders,” said Peggy Accordino, chairwoman of the Spencer Educational Foundation, in the statement. “Through this grant and the generosity of FM Global, we are funding the body of knowledge and resources that are available to tomorrow’s leaders.”
The Johnston, R.I.-based insurer in 2008 contributed $525,000 to the Spencer Educational Foundation. The funding aimed to assist universities in developing loss prevention-related courses and provide scholarships for students pursuing degrees in risk management or insurance, according to the statement.
“We are pleased to fund this grant which will enhance the education of risk management and insurance students regarding loss prevention and safety issues,” Brion Callori, senior vice president of engineering and research for FM Global, said in the statement. “By educating students on the value of engineering and how losses are preventable, not inevitable, they can help the organizations they will work for become more resilient.”
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