GE INSURANCE SOLUTIONS LAUNCHES MORTGAGE ORIGINATORS PROFESSIONAL LIABILITY PRODUCT

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GE INSURANCE SOLUTIONS LAUNCHES MORTGAGE ORIGINATORS PROFESSIONAL LIABILITY PRODUCT
09 February 2006 - AZDEL

GE Insurance Solutions announced the launch of an innovative product designed to help mortgage originators protect their reputations today at the annual convention of the National Association of Mortgage Brokers in Minneapolis, Minn.

The new GE Insurance Solutions product offers errors and omissions professional liability cover for mortgage loan originators and brokers. Mortgage originators provide service to homeowners seeking to secure loans from lenders. These professionals depend on their reputations in the marketplace to attract and retain customers.

"Errors & omissions coverage for mortgage originators has traditionally been underserved," said Robin Sterneck, business leader for GE Insurance Solutions Professional Liability business. "As the number of mortgage origination professionals has increased recently, so has the number of legal actions. Mortgage originators will benefit from an insurance product that offers financial cover and helps protect their reputations."

Any individual or entity that provides a professional service to a third party may have "errors and omissions" exposure, including lawyers and insurance agents. GE Insurance Solutions offers the security gained through 35 years providing professional liability coverage to these professional groups.

In addition to expertise in writing professional liability E&O cover, GE Insurance Solutions offers convenience: the application and underwriting process is automated. Individual applicants can apply for coverage online at www.giffordwells.com and receive their results within minutes.

"The unique aspect of the program is the online processing," said Eric Gifford, President, Gifford Wells Insurance, the insurance broker for the program. "In addition, originators and brokers pay their premium based on the number of closed loans versus an annual premium."

http://www.ge.com

About: AZDEL
AZDEL, Inc. is a joint venture of GE Advanced Materials and PPG Industries. The AZDEL business was established in 1972 by PPG, and the 50/50 joint venture was set up with GE in 1986. AZDEL is a global leader in the manufacture and supply of high-performance composite materials serving a wide variety of markets and industries including automotive, transportation interiors, large truck, materials handling, heating, ventilation and air conditioning (HVAC), and building and construction.

* AZDEL and VolcaLite are trademarks of AZDEL, Inc., a 50/50 joint venture of General Electric Company and PPG Industries.

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