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Davenport University to Introduce Insurance Education Specialty, Developed With University of Farmers


April 10, 2012 - Grand Rapids, MI

Responding to the growing need for new talent in the insurance and risk management industry, Davenport University is proud to introduce a new Risk Management and Insurance specialty within its Bachelor of Business Administration in Management program beginning in the fall of 2012. Farmers Insurance, which worked with Davenport to develop the curriculum, has also made a generous commitment to provide $10,000 for the next three years toward student scholarships in Davenport's Insurance Education Specialty.

With forecasts indicating growth in insurance industry employment opportunities, Davenport will begin delivery of in-seat insurance education courses at campus locations in Grand Rapids, Lansing and Livonia in the fall of 2012, with an online program launching in 2013. Davenport will be the only university in Michigan to offer this specialty focus with a bachelor of business administration degree program.

"The insurance sector is important to the continued growth of the Michigan economy and Davenport is proud to help support that growth, with the support of insurance agencies and organizations," said Dr. Richard Pappas, President of Davenport University. "This special focus on insurance within an existing degree program demonstrates our ongoing commitment to help students get where the world is going in business, technology and health professions. We are especially grateful for the generous contribution from Farmers Insurance that will help students in this new specialty receive adequate financial support."

"Our award winning University of Farmers played a key role in the creation of this program," said Steve Boshoven, President of Farmers Specialty Insurance. "Farmers Insurance is proud and pleased to have extended our partnership with Davenport. Many of our employees are already seeking degrees from Davenport and enjoying a tuition discount. Our employees can now complete a degree in the industry in which they are already pursuing careers."

"At Farmers Insurance, we view education and development as crucial for the success of our business and for the success of our employees and agents," said Steve Mulder, Director of Employee Development for Farmers. "As a recognized leader in training and learning, we, at the University of Farmers, are thrilled to have worked with Davenport on this new specialization and feel it will provide greater opportunities for current and future insurance professionals."

The curriculum within the specialty will focus on the property-casualty segment of the insurance industry and is designed to prepare students for entry-level positions in insurance agencies and companies, leading to management positions. This new program was developed in collaboration with Farmers Insurance and several other industry professionals. Davenport faculty members who teach management, finance, math and marketing were also involved in the development of this new program.

In addition to the exclusive new Davenport Insurance Scholarship sponsored by Farmers Insurance, numerous other scholarships offered by insurance and risk management companies, associations and foundations will be available to full-time students enrolled in the risk management and insurance specialty. A four-year degree completion program also is available, and up to 90 credits may be transferred from other fully accredited colleges or universities, the Insurance Institute of America and the American Institute for Chartered Property Casualty Underwriters.

About Davenport University
Founded in 1866, Davenport is a private, non-profit university helping nearly 13,000 students at campuses across Michigan and online. With tuition among the lowest of all private universities in the state, Davenport provides high academic quality, small class sizes, conveniently located campuses, faculty with real-world experience, and more than 40 dynamic undergraduate and graduate programs addressing in-demand careers in business, technology and health. More information is available at www.davenport.edu.

About Farmers Insurance
Farmers Insurance Group of Companies is a leading U.S. insurer of automobiles, homes and small businesses and also provides a wide range of other insurance and financial services products. Farmers Insurance is proud to serve more than 10 million households with more than 20 million individual policies across all 50 states through the efforts of over 50,000 exclusive and independent agents and nearly 24,000 employees.

Farmers is a trade name and may refer to Farmers Group, Inc. or the Farmers Exchanges, as the case may be. Farmers Group, Inc., a management and holding company, along with its subsidiaries, is wholly owned by the Zurich Insurance Group Ltd. The Farmers Exchanges are three reciprocal insurers (Farmers Insurance Exchange, Fire Insurance Exchange and Truck Insurance Exchange), including their subsidiaries and affiliates, owned by their policyholders, and managed by Farmers Group, Inc. and its subsidiaries. For more information about Farmers, visit its Web site at www.farmers.com or at www.Facebook.com/FarmersInsurance.

CONTACT:
Rick Jensen
Davenport University
616-732-1172
Email Contact

Luis Sahagun
Farmers Insurance
818-584-0574
Email Contact

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