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07/07/2009: GEICO Lauds Philippine Embassy for Diversity Inclusion Efforts; Highlighting Contributions of Filipino-Americans to US Economy

GEICO Lauds Philippine Embassy for Diversity Inclusion Efforts; Highlighting Contributions of Filipino-Americans to US Economy

07 JULY 2009 WASHINGTON DC - GEICO Vice President for Public Affairs Rynthia Rost joins Third Secretary and Vice Consul Robert Borje and Pacific and Asian American employees for a photo-opportunity at the closing ceremonies of GEICO’s Asian Pacific American Heritage Month. During the ceremonies, the growing Asian-Pacific American community was emphasized, along with a focus on the economic contributions of Filipino-Americans and the strong economic ties between the Philippines and the United States. Photo courtesy of Cezarina Alzona. END.

07 JULY 2009 WASHINGTON DC – US Insurance company giant GEICO lauded the Embassy of the Philippines for its continuing efforts on diversity inclusion as well as for highlighting the contributions of Filipino-Americans to the American economy.

In a letter to Ambassador Willy C. Gaa, GEICO Vice President for Public Affairs Rynthia Rost said the Embassy of the Philippines helped to “emphasize the theme of goodwill and education of our associates regarding the contributions of diverse communities.”

The Philippine Embassy participated in GEICO’s 3rd Annual Asian Pacific American Heritage Month recently with the delivery of a speech on Filipino-Americans and Philippine-US trade relations.

Ambassador Gaa’s speech, delivered by Third Secretary and Vice Consul Robert Borje, emphasized the growing Asian-Pacific American community, with a focus on the economic contributions of Filipino-Americans.  The remarks quoted a recent study by the University of San Francisco showing Filipinos are among the biggest spenders in the United States, spending an average of $88.6 billion dollars in goods and services.

The remarks also cited the robust economic ties between the Philippines and the United States with trade of US$ 6.3 billion and American direct investments in 2008 in the Philippines of $241 million.

Rost described the talk as “very informative” and thanked Ambassador Gaa for his support for the event.

GEICO is the third-largest private passenger auto insurer in the United States (based on 2008 market share data as reported by the National Association of Insurance Commissioners, March 2009).  It is the fastest-growing major auto insurer in the U.S., with policies-in-force growth of 8.9 percent in 2008 and employs 24,000 associates. END.