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Press Release

GE Announces New Predictive Service Offering Designed to Improve Equipment Reliability and Lower Maintenance Costs

June 05, 2002

DULUTH, Ga.--(BUSINESS WIRE)--June 5, 2002--GE Industrial Systems announced today the launch of a new service offering - GE's Predictor(TM) Services. This service is designed to improve equipment reliability and reduce maintenance costs with the use of predictive technology.
This technology enables a customer to go from a reactive or preventive maintenance strategy to a predictive one using current and historical equipment data as part of the overall service fulfillment.

GE then models the performance of equipment to predict and prevent failures.

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A Mother's Crusade; Prominent Mums Help Launch Project Safeguard to Enhance Safety in London Child Care Centres; Retrofits Have Saved Property and Injuries

June 05, 2002

A Mother's Crusade; Prominent Mums Help Launch Project Safeguard to Enhance Safety in London Child Care Centres; Retrofits Have Saved Property and Injuries LONDON--(BUSINESS WIRE)--June 5, 2002--Glass is meant to protect people. But in an accident, broken glass can inflict harm. GE Employers Reinsurance Corporation (GE ERC) understands the risks associated with everyday hazards, so it has launched an initiative called Project Safeguard(SM) to help counter these dangers.

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GE ERC Announces Selection Of New Disease Management Provider

June 04, 2002

OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 4, 2002--Leading reinsurer Employers Reinsurance Corporation (GE ERC) today announced the selection of Renal Disease Management, Inc. (RDM) as its preferred provider of disease management services for patients with kidney failure who require dialysis.

Alan Winston, Vice President of Managed Care for ERC, stated: Our objective is to find quality resources for our clients that will assist them in controlling costs while improving clinical outcomes.

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Ford Motor Company, GE Card Services to Launch National Quality Care Credit Card

June 03, 2002

STAMFORD, Conn.--(BUSINESS WIRE)--June 3, 2002--Ford Motor Company and GE Card Services have teamed to launch a new national private label credit card program offering instant credit and same-as-cash financing with no payments for 90 days to qualified Ford, Lincoln and Mercury customers.

The new program, called the Quality Care Auto Service Card, will be used to complement Ford Motor Company's continuing commitment to aftermarket service.

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Karen C. Tripp Assumes Communications Leadership Role At GE Aircraft Engines

June 03, 2002

Karen C. Tripp Assumes Communications Leadership Role At GE Aircraft Engines EVENDALE, Ohio--(BUSINESS WIRE)--June 3, 2002--Karen C. Tripp has formally assumed the position of general manager, global communications, for GE Aircraft Engines (GEAE).

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Appointment Underpins Focus on Risk Management at GEERC

June 03, 2002

Appointment Underpins Focus on Risk Management at GE ERC

OVERLAND PARK, Kan.--(BUSINESS WIRE)--June 3, 2002--Shane Wright has been named Global Risk and Underwriting Leader for GE Employers Reinsurance Corporation's (ERC) newly formed Global Property and Casualty business unit.

Wright will be responsible for aligning GE ERC's P&C risk and underwriting approach, including the underwriting process and infrastructure, underwriting development and audit, as well as driving compliance.

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GE Silicones Introduces New FDA Compliant, Low Durometer Elastomer for Cushioning

May 31, 2002

WATERFORD, N.Y.--(BUSINESS WIRE)--May 31, 2002--GE Silicones today announced the introduction of the Company's softest liquid injection moldable rubber, LSR2005 elastomer.
New LSR2005 elastomer is a silicone material with gel-like consistency for use in cushioning and soft touch applications ranging from shoe insoles and external prostheses to pad printing and office machine rollers.

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Employers Re Applies for Full Operating License From Chinese Regulators

May 30, 2002

OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 30, 2002--Employers Reinsurance Corporation (ERC) today formally applied for a full property and casualty insurance operating license from the China Insurance Regulatory Commission (CIRC).

ERC has been developing relationships and providing services to several Chinese insurers since 1976. The company opened representative offices in Beijing in 1996 and Shanghai in 1998, providing limited reinsurance services and sharing underwriting expertise with the Chinese market.

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Standard & Poor's Changes Rating Criteria, Rates ERCAA+; New Criteria for All Financial Services Groups

May 29, 2002

Standard & Poor's Changes Rating Criteria, Rates ERC AA+; New Criteria for All Financial Services Groups OVERLAND PARK, Kan.--(BUSINESS WIRE)--May 29, 2002--Standard & Poor's today issued AA+ counterparty credit and financial strength ratings on Employers Reinsurance Corporation (ERC) and its wholly owned subsidiaries. Standard & Poor's said the outlook is stable.

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GE Lighting Participates in Effort to Bring New Life to the Nation's Largest World War I Monument

May 24, 2002

CLEVELAND--(BUSINESS WIRE)--May 24, 2002--Kansas City's Beacon of Freedom, the Liberty Memorial, is Ready to Shine Again... After being closed for more than seven years due to disrepair, the nation's largest monument to World War I, the Liberty Memorial, will reopen in Kansas City, Missouri on Saturday, May 25, 2002. In 1998, an enormous restoration effort was undertaken to bring the memorial back to its original splendor...with a lighting system that is sure to awe spectators.

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