Newspapers / The Carolina Times (Durham, … / July 31, 1982, edition 1 / Page 16
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16 THE CAROLINA TIMES-SATURDAY, JULY 31, 1982 Howard Students Gain Assurance In Insurance By Bonnie R. Keys WASHINGTON Instead ' or having a relaxed, easygoing time this summer, ' 105 students in the Howard University Center Tor In surance Education in Washington, D.C., are getting a taste of the business world. They are working as interns from nine to twelve weeks in entry-level positions at insurance companies na tionwide. Howard insurance ma jors from sophomores to seniors are working as risk managers, claim adjusters, underwriters and actuarial assistants al 28 companies, in chiding GEICO. Travelers, New England life. State Farm and Aetna. "Normally most com panies are not interested in sophomores and juniors," center director Maurice Williams ex plains, adding, "but we prepare the students through our intern school." For one week, students attend seminars and workshops on how to make it in the business world. They learn everything from dress codes and business telephone skills to in surance , and business fundamentals. "In many instances, our sophomores and juniors are just as competitive as recent graduates," Williams stresses. The internship pro gram is an arrangement that benefits both the students and the com panies, says Williams. It gives the students on-the-job training and the companies a recruitment tool. Howard and Atlanta's Morehouse College are the only traditionally black schools among more than 70 colleges and universities in the nation which offer in surance as a major. The four-year program leading to a bachelor of business administration degree involves , course work in liberal arts and general business as well as property and liability, life and social insurance.' But a major feature of the curriculum, is the, summer internship pro- , gram that gives students an opportunity to work ' in real-life situations. ! To participate in the ; program, students must be in good : academic standing with the univer sity. Assignments are based on geographic preferences of students as well as the needs of the companies. Charlotte Lewellen, an 18-year-old sophomore who is working in the underwriting department at the St. Paul Fire and Marine Insurance Co. in Little Rock; Ark., says she is doing more than she expected. "They are letting me work with ac tual policies. I'm learn ing a lot of things about the insurance business that I wouldn't learn in school," she says. "You get a chance to get your hands dirty." Ms. Lewellen notes that working at St. Paul changed her perceptions of what an insurance company is about. "Before I came to St. Paul, I had this idea that there would be a lot of salesmen and agents run ning around but it really isn't like that. A lot of mathematics, engineer ing and well-thought-out decisions go into the ac tual making up of policies," she stresses. At John Hancock In surance Co. in .Boston, Richard Ross, a 22-year-old junior who is work ing this summer as an ac tuarial assistant, says, "I get to see the day-to-day workings of an insurance company" Ross, who spent last summer work ing at INA in Miami, emphasizes, "When I go into the classroom, I basically will be studying theory what I learn here at John Hancock is: practical. I know what' ' the s ' finished project, , looks like which . will, .allow, me to reach my goals sooner and with a better understanding." ; ' Last '. summer,; h Lisa'; . House, ' a 20-year-old ; r junior, worked as an in-,; tern at St. Paul, where fj she says she got a general ? overview of the in-' surance industry. This ' summer she is working at State Farm in Bloom-' ington, 111. "For my se cond internship ' I get more into the decision- making process," she says. "They fry to bring you along step by step so ; that by the time you graduate you are able to contribute something to theinsurance world." The internships are not required and students receive no academic credit for them. However, Williams points out that about 90 per cent of the students participate in the program. "It not on ly provides them with in valuable work experience but they are also paid a salary." he adds. About one-third of the graduates return to the companies where they worked as interns, Williams notes. Companies assist the Howard insurance pro gram by contributing financial support, pro viding training facilities and materials, and len ding executives as in structors for intern school. However, Williams says that the in ternships are one of the most significant con tributions that the com panies can make. They serve to bridge the gap between the students' academic ac tivities and the business world, Williams notes. "It's a laboratory that allows the students to put into practice what they've learned in the :lassroom." 1 1 i L; 1 i I r mam i .... if ! l.N.vV LA m 1 1 - ' V. A't-s' . :':H irt f : I' " i! :n'--!-'1iJ J " On-The-Job Experience tf !?ted, Wf?t Clgh! lJiVnlveKUJn "8 insurers of automobiles. There are 105 students in the surance Students workinc as interns at fJF.IfT in snhnrhnn n.. r . . . . . " , X 7 " .. : iiutiu wiuer lor insurance r.aucauon working tms summer as Washington.D.C, discusses work with Ms. Greta Gibson, a re- interns at companies nationwide, cent Howard graduate and employee of GEICO, one of the . Brewery Executive Tells Of Partnership With Minority Community CHARLESTON, S.C. Details of a strong partnership between Anheuser-Busch and the minority community were spelled out at the annual convention of PUSH in Charleston, South Carolina, recent ly. , . "Anheuser-Busch is one company which shares with PUSH and other civil rights organizations the con cern that economic justice be a way of life, not just a slogan," Wayman F. Smith, III, vice president of cor porate affairs for Anheuser-Busch Com-, panies, Inc., told the gathering. "The rationale for the V ...la"-.. (if V I partnership," Smith ex plained, "is a company recognition that the black community con tributes to our success and that we, in turn, want to give something back to tire community to contribute to its future success." Smith outlined a multi-million dollar pro gram which includes the company's purchasing and employment policies, banking prac tices, support of , minority-owned media, distributorships, support of nonprofit organiza tions in the community and , sponsorship of pro grams geared to improv ing educational oppor tunities. "Minorities currently comprise 18 per cent of bur total work force and actively participate in making key decisions as members of our manage ment team, and as members of the board of directors or our brewing subsidiary, Anheuser Busch, Inc., and our parent corporation, Anheuser-Busch Com panies, Inc.," Smith said. i - ,; "Anheuser-Busch will spend over $2 million in all forms of advertising in black-owned media. We see this as an invest ment in those newspapers, magazines and radio stations which serve the community and have, great credibility with the ; community," Smith told the PUSH au dience. J. P. Martin and Associates, a black owned ad agency, ex ecutes by contract the Anheuser-Busch cam paign with black media. ' In support of the na tion's minority-owned banks and savings and loan associations, Anheuser-Busch has placed $2 million in cer tificates of deposit in minority-owned finan cial institutions, which benefit from fees paid on the line; and some $3 million in payroll ac counts at various minority-owned banks, which benefit from an improved cash position. "We will continue to explore opportunities to expand the number-of minority-dwned " Opera tions in California; two of our branch operations have minority manage ment ' (including our Washington, . D.C. branch), and, more im portantly, we are close to finalizing negotiations establishing another minority ': wholesaler in the Midwest," Smith said. . A nheuser-Busch. through direct contribu tions and through fund raising ; benefit ; events supported by our beer brands and wholesalers, will ; channel over $1 1 million into important community causes and organizations serving the minority community. Groups receiving such -support include educa tional institutions, social welfare, cultural or com munity and economic development organiza tions. "We are particularly proud of such programs as the Anheuser-Busch Urban League Com munity College Scholar ship Program for adults who seek a ' "second chance" to embark upon a new career through continued education and jhe Budweiser-sponsored Lou Rawls Parade of Stars which will raise over $6 million this year to support 50,000 young people in 42 United Negro College Fund member institutions. "Our ' chairman. W I WAYMAN SMITH, III August ; A. Busch III, and our entire company are dedicated to our be ing a responsible and a responsive corporation. f, t.d Not Enterprise Survey Examines Black Work Ethic "While the rest - of America is just catching up with what is being hailed , as a modern ( response to inflation, black Americans have known for decades that two salaries are impor tant if a couple wants to stay afloat in what is essentially a perilous consumer economy," says Publisher Earl G. Graves in the 12th An niversary August edition of Black Enerprise 1 . Magazine. Employment issues, .' facing today's black couples . extend beyond ! the price tag to long range career goals and personal satisfaction.' Black Enterprise in its third annual readers survey examines , opi-1 nions on work values, career aspirations and overall feelings on , the .work environment. The survey results illustrate that personal satisfaction - on the job rates as the ; primary . consideration ; followed by career ad vancement! It also reveals that 61.6 per cent of the respondents would leave their present job and relocate to another area if necessary for the ad- , vancement of their spouse's career. Black Enterprise takes a close look at the problem spots for the two-career household from stress caused by a spouse on the fast-track, to the sacrifices of beginning entrepreneurship, and money management. A husband and wife are well on their prospec-, live career paths, when one is offered a promo tion that requires reloca tion. If a move is made, what happens to the other fledging career? The children are older and your spouse's ac tivities have always been exerted toward your career effort. Now you find that he or she has decided to pursue hisher ' own career aspirations and continue hisher education. These are just two of the dilem mas faced by two careei couples in "Two Carec Families: The Struggh for , Success" a specia feature in the August issue. ' , , Also this i issue, one alternative to buying a home, the condominium in "Home Sweet Con do,", is explored. In the fight for survival, black performing arts groups have turned to raising funds on their own, "Calling On the Money Muse" examines this new trend. By Joe Black m. 1v.u1uv.lll 1 ICUIIYIUJ lj. rvuuocvciL, 111 an effort to uplift the morale of America's citizens during World War II. saidr"We have nothing to fear but fear itseir But nothing stays the same and today those words have little meaning for many who are approach ing the age for retirement. ;. Senior Citizens have many things to fear insufficient funds, robbery, loneli ness, poor housing, inadequate nutrition, and plain ol' indifference from society. But we should not let it be like that in these United States of America Because through the years the older citizens have worked hard on many jobs; weathered the storm of bias and hatred; paid taxes to support this nation: fought in wars to preserve democracy; and endured the slams of bias as they struggled to open doors so that Blacks coming behind them could work at new and better jobs. And yet many of us stand by silently and watch them struggle to live their remaining years with some dignity and pride. We can helD bv writing our noli tirai representatives and telling them that the Social Security laws must be amended so as to be relevant to today's economic requirements,We can alert the police about hoodlum elements that steal Social Security checks, snatch their purses, or break into their homes because they are v old and defenseless. And we can take the time to extend the hand of friendship and a friendly hello, or an offer to run an errand. . The suggestions are simpleeco nomical, and real, and my friends, don't ever forget that the hands of time continue ' to move, and soon they will be you. Jse'Bhck Vice President - The Greyhound Corporation
The Carolina Times (Durham, N.C.)
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July 31, 1982, edition 1
16
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