Aon Warranty Group and Whirlpool Corporation announce Warranty Service Partnership Agreement.Business Editors CHICAGO--(BUSINESS WIRE)--Sept. 29, 2003 Aon Warranty Group, a unit of Aon Corporation (NYSE NYSE See: New York Stock Exchange :AOC AOC, n an acronym for the Aromatherapy Organizations Council. ), and Whirlpool Corporation Whirlpool Corporation (NYSE: WHR) is the world's leading manufacturer and marketer of major home appliances,with annual sales of approximately $18 billion, more than 73,000 employees, and more than 70 manufacturing and technology research centers around the world. (NYSE:WHR WHR World Health Report WHR Waist-to-Hip Ratio WHR Welsh Highland Railway (UK) WHR Western Hemisphere Region WHR Watt Hour WHR Witch Hunter Robin (anime) WHR Waste Heat Recovery ) announced today an agreement to jointly deliver extended service contract services for select U.S. Whirlpool Corporation appliance products. Under the terms of the agreement, Aon Warranty Group will provide underwriting, marketing and claims administration of its extended service contracts for Whirlpool Corporation's major home appliance brands; KitchenAid, Whirlpool, Roper by Whirlpool Corporation and Estate. Aon Warranty Group broadens its relationship with Whirlpool, having already served as underwriter and administrator of Whirlpool Corporation's Convenience Care(R) and HomeWise(R) service protection plan programs. Paul Swenson, President and COO of Aon Innovative Solutions, said: "We are pleased to announce this partnership as we share the same 'customer-first' vision. By combining the protection, service and support of our extended service contracts with Whirlpool Corporation's unmatched product selection and brand reputation, we are enabling enhanced customer loyalty and long-term product satisfaction." James Summers, Director Service Contracts, Whirlpool Corporation, said, "The expanded relationship with Aon will leverage both the strengths of Whirlpool Corporation's Service Contracts group and Aon's extensive experience in claims management, insurance underwriting services, and extended service plan administration." About Aon Warranty Group Aon Warranty Group is a world leader in sales, service and underwriting of mechanical repair agreements. Aon Corporation (www.aon.com) is a holding company comprised of a family of insurance brokerage, consulting and insurance underwriting subsidiaries with annual revenues in excess of $8 billion and over 55,000 employees in 125 countries worldwide. About Whirlpool Whirlpool Corporation is the world's leading manufacturer and marketer of major home appliances, with annual sales of over $11 billion, 68,000 employees, and nearly 50 manufacturing and technology research centers around the globe. The company markets Whirlpool, KitchenAid, Brastemp, Bauknecht, Consul and other major brand names to consumers in more than 170 countries. Additional information about the company can be found www.whirlpoolcorp.com This press release contains certain statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc future results, which are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. as that term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from either historical or anticipated results, depending on a variety of factors. Potential factors that could impact results include the general economic conditions in different countries around the world, fluctuations in global equity and fixed income markets, exchange rates, rating agency actions, pension funding, changes in commercial property and casualty markets and commercial premium rates, the competitive environment, the actual costs of resolution of contingent liabilities Contingent Liability 1. The possibility of an obligation to pay certain sums dependent on future events. 2. Defined obligations by a company that must be met, but the probability of payment is minimal. Notes: 1. and other loss contingencies, the heightened level of potential errors and omissions errors and omissions n. short-hand for malpractice insurance which gives physicians, attorneys, architects, accountants and other professionals coverage for claims by patients and clients for alleged professional errors and omissions which amount to negligence. liability arising from placements of complex policies and sophisticated reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. arrangements in an insurance market in which insurer reserves are under pressure, and the timing and resolution of related insurance and reinsurance issues relating to the events of September 11, 2001. Further information concerning the Company and its business, including factors that potentially could materially affect the Company's financial results, are contained in the Company's filings with the Securities and Exchange Commission. |
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