Risk Management and Insurance Program Receives $50K Global Grant

The $50,000 Loss Prevention Education Grant will be used to develop course materials to help Temple students understand how engineering plays a role in loss prevention for property and safety risks, said Michael McCloskey, an instructor in the RIHM Department.

“We are thrilled to have the opportunity to partner with FM Global and Spencer,” said McCloskey, who will develop five modules and video materials that will be included in 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. “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.”

FM Global, a 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 to provide scholarships for students pursuing degrees in risk management or insurance.

“We are pleased to fund this grant which will enhance the education of risk management and insurance students regarding loss prevention and safety issues,” said Brion Callori, FM Global’s senior vice president of engineering and research. “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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