FSU torches

Florida State University

College of Business
    Risk Management/Insurance   |    Real Estate   |    Business Law   |    Courses Offered   |    Department Home
 
  

 

 James Carson
Midyette Eminent Scholar of Risk and Insurance
 Department of Risk Management/Insurance,
 Real Estate and Business Law
College of Business, Room 431 RBA
Florida State University
Tallahassee, FL 32306-1110
Phone: (850)644-5858
Fax:     (850)644-5842
Email: jcarson@fsu.edu

½ Carson Home  ½ Bio  ½ Students / Classes  ½ Research  ½ Vita 

 


VITA
(PDF)

EDUCATION

Academic

Terry School, University of Georgia, Athens, Georgia 
Ph.D., 1993
Major Area of Concentration: Risk Management and Insurance
Minor Area of Concentration: Finance

University of Nebraska: Lincoln, Nebraska 

M.A., May, 1989; Major in Finance,  with concentration in Risk and Insurance
B.S., August, 1986; Major in Finance

Professional

PROFESSIONAL EXPERIENCE

REFEREED ARTICLES

Scholarly Publications

 Professional Publications

  • Dumm, Randy E., James M. Carson, and L. Lee Colquitt, 2002, An Analysis of Gross Rates of Recovery in the Auto Salvage Marketplace, CPCU E-Journal, (December), pp. 1-14. 
  • Carson, James M. and Mark D. Forster, 2002, The Merits of In-Force Cash Value Life Insurance, Journal of Financial Service Professionals, 56: 69-75.
  • Carson, James M. and Mark D. Forster, 2001, An Examination of Participating Whole Life and Universal Life Policy Yields, Journal of Financial Service Professionals, 55: 66-70.
  • Hillison, William, Carl Pacini, David Sinason, James Carson, and David Marlett, 2000, The Insurance Firm Internal Auditor as Fraud-Buster, Chartered Property and Casualty Underwriter Journal, Volume 52 (fall), pp. 168-180.
  • Carson, James M. and Randy E. Dumm, 2000, The Relationship of Insurer Characteristics and Life Insurance Surrender Values, Journal of Financial Service Professionals, Volume 54, pp. 86-90.
  • Carson, James M., Mark D. Forster and Michael J. McNamara, 1999, Demutualization in the Life Insurance Industry, Journal of Financial Service Professionals, Volume 53, No. 2 (March), pp. 52-58.
  • Carson, James M. and Mark D. Forster, 1998, Ethical Issues in the Marketing, Advertising, and Sale of Universal Life Insurance, Journal of the American Society of CLU and ChFC, Volume 52, No. 3 (May), pp. 66-69.
  • Arnold, Pat, Rosemary Baptiste, James Carson, George Flanigan, Lisa Gardner, Brad Genung, J. Wesley Ooms, and Karen Terry, 1997, Financing Risk in the 21st Century: Can America Afford It?--Part Two, Chartered Property and Casualty Underwriter Journal, Volume 50 (fall), pp. 148-171.
  • Arnold, Pat, Rosemary Baptiste, James Carson, George Flanigan, Lisa Gardner, Brad Genung, J. Wesley Ooms, and Karen Terry, 1997, Financing Risk in the 21st Century: Can America Afford It?--Part One, Chartered Property and Casualty Underwriter Journal, Volume 50 (summer), pp. 76-91.
  • Carson, James M., Mark D. Forster and Jeff J. Forster, 1997, Illustrated vs. Actual Universal Life Insurance Cash Values, Journal of the American Society of CLU and ChFC, Volume 51 (May), pp. 60-65.
  • Carson, James M. and William L. Scott, 1997, Life Insurers and the "Run on the Insurer" Exposure, Journal of the American Society of CLU and ChFC, Volume 51 (March), pp. 44-48.
  • Baptiste, Rosemary, James Carson, George Flanigan, John Jolliff and Susan Watkins, 1996, Redlining, Property Insurance and Urban Markets: Concepts, Issues, Initiatives and Solutions, Chartered Property and Casualty Underwriter Journal, Volume 49 (summer), pp. 82-102.
  • Carson, James M. and Mark D. Forster, 1995, Measuring the Financial Impact of Backdating a Life Insurance Contract, Journal of the American Society of CLU and ChFC, Volume 49 (July), pp. 72-76.
  • Flanigan, George, Rosemary Baptiste, Thomas Beadles, James Carson, Jennifer Ho, John Jollif, Tom Sutter and Phyllis Willett, 1995, Variations in Commercial Umbrella Coverage, Chartered Property and Casualty Underwriter Journal, Volume 48 (June), pp. 109-119.

MANUSCRIPTS UNDER REVIEW AND WORKING PAPERS

  • Carson, James M. and Stephen G. Fier, Catastrophes and the Demand for Life Insurance, under review (2009)
  • Liebenberg, Andre, James M. Carson, and Randy Dumm, A Dynamic Analysis of the Demand for Life Insurance, under review (2009)
  • Wang, Yuling, and James M. Carson, Non-Markov Effects and Property-Liability Insurer Rating Transitions, under review (2009)
  • Wang, Yuling, and James M. Carson, Macroeconomic Factors and Property-Liability Insurer Rating Transitions, to be submitted (2010)
  • Carson, James M., James S. Doran, and David R. Peterson, Market Crash Risk and Implied Volatility Skewness: Evidence and Implications for Insurer Investments, to be submitted (2010)
  • Pooser, David, James M. Carson, and Kathleen McCulough, Risk Aversion and the Propensity to Mitigate, to be submitted (2010)
  • Fier, Stephen G., James M. Carson, and Kathleen A. McCullough, Partial Adjustment and Capital Allocation: A Test of Tradeoff Theory in the Property-Casualty Insurance Marketplace, to be submitted (2010)
  • Liebenberg, Andre P., James M. Carson, and Robert E. Hoyt, Life Insurance Policy Loans Revisited
  • Carson, James M., Robert E. Hoyt, Andre Liebenberg, and Charles Nyce, A Variance Decomposition Analysis of Life Insurance Policy Loans
  • Gatzlaff, Kevin, James M. Carson, and Kathleen McCullough, Determinants of Property-Liability Insurer Performance, to be submitted (2010)
  • Gatzlaff, Kevin, James M. Carson, and Kathleen McCullough, Reinsurance and Derivatives: Substitutes or Complements, to be submitted (2010)
  • Russell, David T., and James M. Carson, Analogs Between Insurance and Gaming, to be submitted (2010)
  • Carson, James M. and David T. Russell, Life Insurance Rebating, to be submitted (2010)
  • Carson, James M., Cassandra Cole, Stephen Fier, and Kathleen McCullough, Post-Catastrophe Demand for Insurance: A Global Examination
  • Carson, James M., Elyas Elyasiani, Robert Hoyt, and Iqbal Mansur, Macroeconomic Factors and their Relation to Insurer Equity Prices
  • Fier, Stephen, and James M. Carson, The Demand for Life Insurance at the Firm Level
  • Fier, Stephen, and James M. Carson, An Examination of Corporate Name Changes
  • Carson, James M., L. Lee Colquitt, and Randy E. Dumm, Determinants of Variable Annuity Performance
  • Carson, James M., Mark D. Forster, and Krzysztof Ostaszewski, To Backdate or Not to Backdate
  • Carson, James M. and Krzysztof Ostaszewski, The Welfare Economics of Life Insurance Backdating
  • Carson, James M., Christopher Clark, and Krzysztof Ostaszewski, Backdating: Incentives and Constraints in the Life Insurance Industry
  • Carson, James M. and Mark D. Forster, The High Marginal Yields of In-Force Life Insurance
  • Carson, James M. and James S. Doran, Building Wealth: Stocks and Bonds in Asset Allocation

NON-REFEREED ARTICLES

  • Carson, James M., 2005, The ARIA Loop (Presidential Address delivered at the 2004 annual meeting), Risk Management and Insurance Review, Volume 8, No. 1, pp.1-8. (Powerpoint file.)
  • Dumm, Randy E., James M. Carson, L. Lee Colquitt, and George Krempley, 2003, Room for Recovery,   Best's Review (October) pp. 67-69.
  • Carson, James M. and Mark D. Forster, 2002, Anticipating the Benefits, Best's Review (January) pp. 66-68.
  • Carson, James M. and Randy E. Dumm, 2001, Universal Truths, Best's Review (May) pp. 25-26.
  • Hillison, William, Carl Pacini, David Sinason, James Carson, and David Marlett, 2000, Catching Fraud on the Inside, Best's Review (March), pp. 57-58.
  • Carson, James M., Mark D. Forster and Michael J. McNamara, 1999, Debunking the Capitalization Myth, Best's Review (L-H), (April) pp. 61-62.
  • Carson, James M. and Mark D. Forster, 1997, Illustrating the Issue: Important Marketing and Ethical Considerations in the Post-Illustrations Model Regulation Era, Best's Review, pp. 62-63.
  • Carson, James M and Mark D. Forster, 1996, An Examination of Term vs. Cash Value Life Insurance, Insurance Insight (July), pp. 24-25.
  • Carson, James M., Mark D. Forster, David T. Russell and George B. Flanigan, 1996, Buy Term or Cash Value: The Debate Continues, Best's Review (March), pp. 90-91.
  • Flanigan, George B. and James M. Carson, 1994, Equity and Fairness in Personal Lines, Insurance Insight (December), pp. 42-46.

ARTICLE AWARDS

  • Carson, James M., Mark D. Forster, and Michael J. McNamara, 1998, Changes in Ownership Structure: Theory and Evidence from Life Insurer Demutualizations, Journal of Insurance Issues, Volume 21, pp. 1-22, (Donald Hardigree Memorial Outstanding JII Article Award).
  • Arnold, Pat, Rosemary Baptiste, James Carson, George Flanigan, Lisa Gardner, Brad Genung, J. Wesley Ooms, and Karen Terry, 1997, Financing Risk in the 21st Century: Can America Afford It? Chartered Property and Casualty Underwriter Journal, Volume 50 (Outstanding Research Article Award).
  • Carson, James M. and Robert E. Hoyt, Evaluating the Risk of Insolvency: Implications for Life Insurers Internationally, Proceedings of the International Insurance Society Symposium, (Research Roundtable Best Article Award), pp. 131-144.
  • Baptiste, Rosemary, James Carson, George Flanigan, John Jolliff and Susan Watkins, 1996, Redlining, Property Insurance and Urban Markets: Concepts, Issues, Initiatives and Solutions, Chartered Property and Casualty Underwriter Journal, Volume 49, (Outstanding Research Article Award).

OTHER PUBLICATIONS

  • Carson, James M., 2005, World Congress Numbers Tell Only One-Half of Story, FALL 2005 ARIA Newsletter.
  • Carson, James M., 2005, World Risk and Insurance Economics Congress, SPRING 2005 ARIA Newsletter, p. 1.
  • Carson, James M., 2004, President's Message, FALL 2004 ARIA Newsletter, pp. 1-2.
  • Carson, James M., 2000, Copernicus and the Life Insurance Market, SPRING ARIA Newsletter, pp. 6-7.
  • Carson, James M., Mark D. Forster and Michael J. McNamara, 1999, Demutualization Study Refutes Access-to-Capital Rationale, Best Week (L-H), (March 15) pp. 10-11.
  • Carson, James M. and George B. Flanigan, 1995, "A's Won't Be So Easy Anymore: Comment," Treasury and Risk Management, Vol. 5, No. 4, July-August.
  • Carson, James M., 1995, Backdating: A Common Practice with Important Consequences, Staying In Touch, Volume 10, Summer/Fall.

BOOKS, BOOK CHAPTERS, AND PROCEEDINGS

  • Resnick, John, and James M. Carson, Life Insurance Due Diligence, 3rd Edition (in progress, to be completed in 2010). American Bar Association.
  • Carson, James M., Krzysztof Ostaszewski, and Yu-Luen Ma, 2003, What is the True Value of Tax Deferral?, The Record (Proceedings of the 2003 Society of Actuaries (SOA) spring meeting), May 28-30, Washington, D.C.
  • Browne, Mark J., James M. Carson, and Robert E. Hoyt, 1997, Economic and Market Predictors of Insolvencies in the Life-Health Insurance Industry, Proceedings of the 5th International Conference on Insurance Solvency and Finance, June, London, England.
  • Carson, James M. and Mark D. Forster, Life Insurance Analysis: Policy and Company Performance, Iona Publishing, (ISBN 0-9656041-0-1), 1996.
  • Carson, James M. and Robert E. Hoyt, 1996, Evaluating the Risk of Insolvency: Implications for Life Insurers Internationally, Proceedings of the International Insurance Society Symposium, Amsterdam, The Netherlands, pp. 131-144.
  • Carson, James M., 1995, An Empirical Analysis of Life Insurer Insolvency, The Record (Proceedings of the 1994 Society of Actuaries (SOA) meeting), October 17, Chicago, IL, pp. 93-109.
  • Carson, James M. and Robert E. Hoyt, 1995, Identifying Life Insurer Financial Distress: Classification Models and Empirical Evidence, in: Edward I. Altman and Irwin T. Vanderhoof, eds., The Financial Dynamics of the Insurance Industry (Irwin Professional Publishing), pp. 25-48.
  • Carson, James M., 1994, Financial Distress in the Life Insurance Industry: An Empirical Examination, Proceedings of the 4th Actuarial Approach for Financial Risks (AFIR) International Colloquium, April, in Orlando, FL, Volume 3, pp. 1211-1240.

BOOK REVIEWS

  • Carson, James M., 2001, Code of Professional Ethics, by Eric A. Weining and American Institute for CPCU, Journal of Risk and Insurance, 68: 377-378.
  • Carson, James M., 1994, Financial Management of Insurance Companies, by John J. Hampton, Journal of Risk and Insurance, Volume 61, No. 3, pp. 557-558.
  • Carson, James M., 1990, Globalizing Compensation: Extending Stock Option and Equity Participation Plans Abroad, by William Mercer International and Arthur Andersen and Company, Benefits Quarterly, Volume VI, No. 1, p. 100.
  • Carson, James M., 1989, Employee Benefit Programs: A Total Compensation Perspective, by Robert M. McCaffery, Benefits Quarterly, Volume V, No. 1, pp. 68-69.
  • Carson, James M., 1988, Pension Planning, by Everett T. Allen Jr., Joseph J. Melone, .Jerry S. Rosenbloom and Jack L. Van Derhei, Benefits Quarterly, Volume IV, No. 4, pp. 83-86.
  • Carson, James M., 1987, The Health Economy, by Victor R. Fuchs, Benefits Quarterly, Volume III, No. 4, pp. 58-60.

INTERVIEWS AND QUOTATIONS BY THE MEDIA

  • New York Times, military insurance (2004)
  • Tampa Tribune, insurance markets and medical malpractice (2003)
  • The FSView, student credit and debt management (2003)
  • Business Insurance, World Risk and Insurance Economics Congress (2003)
  • WFSU Radio, FSU RMI Program (2002)
  • Medical Economics, backdating of life insurance (1999)
  • The Daily Vidette, retirement planning (1999)
  • The Joliet Herald, life insurance performance (1997)
  • Associated Press, life insurance illustrations and policy yields (1997)
  • WGLT National Public Radio, life insurance illustrations and policy yields (1997)
  • Smart Money Magazine, life insurance costs (1996)

RESEARCH GRANTS

  • "The Influence of Compensation and Producer Characteristics on Product Recommendation," with William R. Cupach, research support through Katie Insurance School research Grant, June 2000.
  • "Is the Risk of Bankruptcy a Systematic Risk: Evidence from a Regulated Industry," research support from Illinois State University, June 1997.
  • "An Examination of Insurer Solvency and Performance," grant through the Katie Insurance School at Illinois State University, July 1996.
  • "The Relationship of Economic and Market Factors to Life Insurer Performance," with Mark J. Browne and Robert E. Hoyt, grant through The Society of Actuaries, May 1996.
  • "Ethics in the University Insurance Curriculum," with Joe Solberg, et al., grant through the James S. Kemper Foundation, March 1995.
  • "An Examination of Sample Selection Methods and Insurer Insolvency Classification Models," with Robert E. Hoyt, grant through the Old Republic Research Grant Program, Katie Insurance School and The Center for Insurance and Financial Services, April 1994.
  • "Identifying Life Insurer Financial Distress," grant of 1984 through 1991 annual data for U.S. life and health insurers, National Association of Insurance Commissioners, June 1992.

TEACHING GRANTS

  • "Risk and Insurance Paradigms Enhanced via Web-based Teaching," Katie School grant to develop web-enhanced courses, 1999-2000.

PROGRAM SUPPORT GRANTS

Florida State University

  • Co-author, with Kathleen McCullough (lead author) and Randy Dumm, 2003 grant proposal funded by Spencer Educational Foundation, Risk Manager in Residence grant ($3,450)
  • Co-author, with Dean Gatzlaff (lead author) and other FSU RMI Faculty, 2003, grant proposal funded by State Farm Foundation ($100,000)

Illinois State University

  • Interim Director of Katie School, Illinois State University, August 2000 to December 2001, primary responsibility for grants and other financial support totaling over $500,000 annually from various organizations and 30 board member insurance companies, legal and tax firms, and regulatory bodies. 

PRESENTATIONS AT PROFESSIONAL MEETINGS

  • "A Dynamic Analysis of the Demand for Life Insurance." To be presented with Randy Dumm and Andre Liebenberg at the 2010 Risk Theory Society (RTS) annual meeting, April, Athens, GA.
  • "State of Life Insurance Commission Rebating Activity in the U.S." presented by David Russell at the 2010 Western Risk and Insurance Association (WRIA) annual meeting, January, Napa, CA.
  • "Who Mitigates Against Potential Catastrophic Storm Damage, and Why?" With Kathleen McCullough, presented by David Pooser at the 2009 Southern Risk and Insurance Association (SRIA) annual meeting, November, Orlando, FL.
  • "Catastrophes and the Demand for Life Insurance." Presented by Stephen Fier at the 2009 American Risk and Insurance Association (ARIA) annual meeting, August, Providence, RI.
  • "A Dynamic Analysis of the Demand for Life Insurance." Presented by Randy Dumm and Andre Liebenberg at the 2009 American Risk and Insurance Association (ARIA) annual meeting, August, Providence, RI.
  • "Analogs between Insurance and Gaming." With William Bradford, presented by David Russell at the 2009 Western Risk and Insurance Association (WRIA) annual meeting, January, Las Vegas, NV.
  • "The Effect of Catastrophes on the Demand for U.S. Life Insurance." Presented by Stephen Fier at the 2008 Southern Risk and Insurance Association (SRIA) annual meeting, November, Bay St. Louis, MS.
  • "Analyzing Rating Drift Phenomena with P-L Insurer Ratings." Presented by Yuling Wang at the 2008 Southern Risk and Insurance Association (SRIA) annual meeting, November, Bay St. Louis, MS.
  • "Reinsurance and Derivatives: Substitutes or Complements?" Presented by Kevin Gatzlaff at the 2008 Southern Risk and Insurance Association (SRIA) annual meeting, November, Bay St. Louis, MS.
  • "The Demand for Life Insurance." Presented by Randy E. Dumm and Andre Liebenberg at the 2008 Southern Risk and Insurance Association (SRIA) annual meeting, November, Bay St. Louis, MS.
  • "Property/Liability Insurer Performance Assessment." Presented by Kevin Gatzlaff at the 2008 American Risk and Insurance Association (ARIA) annual meeting, August, Portland, OR.
  • "Modeling the Effects of Macroeconomic and Market Factors on Property Liability Insurer Rating Transitions." Presented by Yuling Wang at the 2008 American Risk and Insurance Association (ARIA) annual meeting, August, Portland, OR.
  • "The Demand for Life Insurance Policy Loans." Presented with Andre Liebenberg and Robert E. Hoyt at the 2008 American Risk and Insurance Association (ARIA) annual meeting, August, Portland, OR.
  • "Determinants and Dimensions of Property-Liability Insurer Performance." Presented by Kevin M. Gatzlaff at the 2007 Southern Risk and Insurance Association (SRIA) annual meeting, November, San Antonio, TX.
  • "Modeling the Effect of Macroeconomic and Market Factors on Property-Liability Insurer Rating Transitions." Presented by Yuling Wang at the 2007 Southern Risk and Insurance Association (SRIA) annual meeting, November, San Antonio, TX.
  • "A Principal -Agent Model of Optimal Search Effort in Life Insurance Policy Replacement." Presented with William R. Cupach and David T. Russell at the 2007 American Risk and Insurance Association (ARIA) annual meeting, August, Quebec City, Canada.
  • "Market Crash Risk and Implied Volatility Skewness." Presented with James Doran and David Peterson at the 2006 Southern Risk and Insurance Association (SRIA) annual meeting, November, Hilton Head, SC.
  • "Market Risk, Interest Rate Sensitivity, and Interdependency in Insurer Stock Returns." Presented with Elyas Elyasiani and Iqbal Mansur at the 2006 American Risk and Insurance Association (ARIA) annual meeting, August, Washington, D.C.
  • "The Demand for Life Insurance Policy Loans." Presented with Robert E. Hoyt and Andre P. Liebenberg at the 2005 Southern Risk and Insurance Association (SRIA) meeting, November, Orlando, FL.
  • "Betting the House on Stock Returns." Presented with Chuck Nyce, Krzysztof Ostaszewski, and Yuling Wang at the 2005 Southern Risk and Insurance Association (SRIA) meeting, November, Orlando, FL.
  • "Price Indicia in the Individual Annuity Market." Presented with Randy E. Dumm at the 2005 World Risk and Insurance Economics Congress, August, Salt Lake City, UT. (Powerpoint file.)
  • "The Welfare Economics of Life Insurance Backdating." Presented  with Christopher Clark and Krzysztof Ostaszewski at the  2004  Southern Risk and Insurance Association (SRIA) meeting, November, Charleston, SC. 
  • "The ARIA Loop." Presidential Address delivered at the 2004 American Risk and Insurance Association (ARIA) meeting, August 10, Chicago, IL, 2004. (Powerpoint file.) 
  • "An Examination of Fees and Efficiencies in the Variable Annuity Marketplace." Presented with Randy Dumm and Lee Colquitt at the 2003 Southern Risk and Insurance Association (SRIA) meeting, November, Clearwater, FL. 
  • "The Ups and Downs of  Tax-Deferral." Presented with Yu-Luen Ma and Krzysztof Ostaszewski at the 2003 Southern Risk and Insurance Association (SRIA) meeting, November, Clearwater, FL. 
  • "Price Disparity and the Determinants of Single Premium Deferred Annuity Values." Presented with Randy E. Dumm at the 2003  American Risk and Insurance Association (ARIA) meeting, August, Denver, CO.
  • "What is the True Value of Tax Deferral?" Presented with Krzysztof Ostaszewski and Yu-Luen Ma at the 2003 Society of Actuaries (SOA) meeting, May, Washington, D.C. 
  • "The Relation Between Company Characteristics and SPDA Performance." Presented with Randy E. Dumm at the 2003 Western Risk and Insurance Association (WRIA) meeting, January, Maui, HI. 
  • "Insurance Company-Level Determinants of Single Premium Deferred Annuities." Presented with Randy E. Dumm at the 2002  Southern Risk and Insurance Association (SRIA) meeting, November, New Orleans, LA. 
  • "The Welfare Economics of Life Insurance Backdating." Presented with Krzysztof Ostaszewski at the 2002 American Risk and Insurance Association (ARIA) meeting, August, Montreal, Canada. 
  • "The Actuarial Value and Economics of Life Insurance Backdating." Presented with Krzysztof Ostaszewski at the 2002 Society of Actuaries meeting, May, Colorado Springs, CO. 
  • "Property-Casualty Insurer Characteristics and Complaint Ratios." Presented with Kathleen McCullough and David Russell at the 2001 Southern Risk and Insurance Association (SRIA) meeting, November, Savannah, GA. 
  • "The Equity Market Valuation of Life Insurers in a New Environment of Interest Rate Risk." Presented with Elijah Brewer and William L. Scott at the 2001 Southern Risk and Insurance Association (SRIA) meeting, November, Savannah, GA. 
  • "The Economics and Actuarial Value of Life Insurance Backdating." Presented with Krzysztof Ostaszewski at the 2001 Southern Risk and Insurance Association (SRIA) meeting, November, Savannah, GA. 
  • "The Value of In-Force Life Insurance." Presented with Mark D. Forster at the 2001 Southern Risk and Insurance Association (SRIA) meeting, November, Savannah, GA. 
  • "The Link Between Insurer and Financial Characteristics and Complaint Ratios."  Presented with David T. Russell and Kathleen A. McCullough at the 2001 American Risk and Insurance Association (ARIA) meeting, August, Indianapolis, IN.
  • "Pricing Life Insurance Products Combining Economic and Actuarial Approaches." Presented with Mao Hong at the 2001 American Risk and Insurance Association (ARIA) meeting, August, Indianapolis, IN. 
  • The Economics and Actuarial Value of Life Insurance Backdating." Presented with Krzysztof Ostaszewski at the 2001 Fifth International Congress on Insurance: Mathematics and Economics, July, University Park, PA.
  • "Insurance Product Recommendation as a Function of Agent Characteristics and Compensation." Presented with William R. Cupach at the 2001 Western Risk and Insurance Association (WRIA) meeting, January, Santa Barbara, CA.
  • "Compensation, Producer Characteristics, and Product Recommendation." Presented with William R. Cupach at the 2000 Southern Risk and Insurance Association (ARIA) meeting, San Antonio, TX.
  • "Auto Insurance Contract Provisions and Non-OEM Auto Parts." Presented with David Marlett and David Marvin at the 2000 American Risk and Insurance Association (ARIA) meeting, August, Baltimore, MD.
  • "The Relative Performance of Whole Life and Universal Life Insurance." Presented with Mark D. Forster at the 2000 Western Risk and Insurance Association (WRIA) meeting, January, Monterey, CA.
  • "How to Recruit and Retain Gen-Xers: Lessons for the Risk Management Industry." Presented with Andrew Nappi and Teresa Palmer at the 2000 Western Risk and Insurance Association (WRIA) meeting, January, Monterey, CA.
  • "Evaluating the Risk of Life Insurer Insolvency: Implications from the U.S. for the European Union." Presented with Robert E. Hoyt at the 1999 Australasian Finance and Banking Conference (AFBC), Sydney, Australia.
  • "An Empirical Examination of Variation in Life Insurance Policy Performance." Presented with Mark D. Forster at the 1999 Southern Risk and Insurance Association (SRIA) meeting, Orlando, FL.
  • "An Analysis of Recoveries in the Automobile Salvage Process." Presented with Randy Dumm and George Krempley at the 1999 American Risk and Insurance Association (ARIA) meeting, August, Vancouver, British Columbia, Canada.
  • "Recovery on the Total Loss: An analysis of the Automobile Salvage Process." Presented with Randy Dumm and George Krempley at the 1999 Western Risk and Insurance Association (WRIA) meeting, January, Las Vegas, NV.
  • "The Replicability of Life Insurance Policy Options Via "Buy Term Invest Difference." Presented with Mark D. Forster at the 1999 Western Risk and Insurance Association (WRIA) meeting, January, Las Vegas, NV.
  • "A Decision Framework for the Policy Replacement Decision." Presented with Mark D. Forster at the 1998 Southern Risk and Insurance Association (WRIA) meeting, November, Williamsburg, VA.
  • "Salvage Values of Autos and Alternative Recovery Methods." Presented with Randy Dumm and George Krempley at the 1998 Southern Risk and Insurance Association (WRIA) meeting, November, Williamsburg, VA.
  • "Determinants of Flexible Premium Annuity Values." Presented with David Marlett at the 1998 Southern Risk and Insurance Association (WRIA) meeting, November, Williamsburg, VA.
  • "Insurance Company-Level Determinants of Life Insurance Policy Performance." Presented with Randy Dumm at the 1998 American Risk and Insurance Association (ARIA) meeting, August, Boston, MA.
  • "A Financial Method for the Life Insurance Policy Replacement Decision." Presented with Mark D. Forster at the 1998 American Risk and Insurance Association (ARIA) meeting, August, Boston, MA.
  • "Life Insurance Policy Replacement and the Marginal Annual Policy Yield." Presented with Mark D. Forster at the 1998 Western Risk and Insurance Association (WRIA) meeting, January, Maui, HI.
  • "Dynamic Financial Models of Life Insurers." Presented with Mark J. Browne and Robert E. Hoyt at the 1997 American Risk and Insurance Association (ARIA) meeting, August, San Diego, CA.
  • "Economic and Market Predictors of Insolvencies in the Life-Health Insurance Industry." Presented with Mark J. Browne and Robert E. Hoyt at the 1997 Western Risk and Insurance Association (WRIA) meeting, January, Santa Barbara, CA.
  • "Insurance Illustrations: Projected versus Actual Universal Life Insurance Policy Yields." Presented with Mark D. Forster and Jeff J. Forster at the 1997 Western Risk and Insurance Association (WRIA) meeting, January, Santa Barbara, CA.
  • "Universal Life Insurance Cash Values: An Empirical Examination." Presented at the 1996 American Risk and Insurance Association (ARIA) meeting, August, Philadelphia, PA.
  • "The Performance of Universal Life Insurance." Presented with Mark Forster at the 1996 Western Risk and Insurance Association (WRIA) meeting, January, Monterey, CA.
  • "A Theoretical and Empirical Examination of Sample Selection Methods in Financial Distress Classification Models." Presented with Robert E. Hoyt at the 1995 American Risk and Insurance Association (ARIA) meeting, August, Seattle, WA.
  • "Insurer Insolvency Classification Models and the Importance of Sampling Method." Second Annual (1995) Katie Insurance School Research Symposium, February, Normal, IL.
  • "Measuring the Financial Impact of Backdating a Life Insurance Contract." Presented with Mark D. Forster at the 1995 Western Risk and Insurance Association (WRIA) meeting, January, Las Vegas, NV.
  • "Demutualizations of Life Insurers." Presented with Michael J. McNamara at the 1995Western Risk and Insurance Association (WRIA) meeting, January, Las Vegas, NV.
  • "Predicting Life Insurer Conversions: A Logistic Regression Analysis." Presented with Michael J. McNamara at the 1994 American Risk and Insurance Association (ARIA) meeting, August, Toronto, CN.
  • "Financial Distress in the Life Insurance Industry: An Empirical Examination." Presented at the 1994 Actuarial Approach for Financial Risks (AFIR) International Colloquium, April, Orlando, FL.
  • "The NAIC Tapes: An Invaluable Research Resource." First Annual (1994) Katie Insurance School Research Symposium, February, Normal, IL.
  • "Life Insurer Insolvency Issues." Presented at the 1994 Western Risk and Insurance Association (WRIA) meeting, January, Honolulu, HA.
  • "Identifying Life Insurer Financial Distress: Classification Models and Empirical Evidence." Presented with Robert E. Hoyt, New York University Salomon Center Conference on The Dynamics of the Insurance Industry, New York, NY, May 20, 1993.
  • "Identifying Life Insurer Financial Distress: Parametric and Nonparametric Classification Models and Empirical Evidence." Presented with Robert E. Hoyt at the 1992 American Risk and Insurance Association (ARIA) meeting, August, Washington, D.C.
  • "An Econometric Analysis of Changes in the Demand for Life Insurance Policy Loans." Presented with Robert E. Hoyt at the 1991 American Risk and Insurance Association (ARIA) meeting, August, San Diego, CA.
  • "The Demand for Life Insurance Policy Loans." Presented with Robert E. Hoyt at the 1990 Southern Risk and Insurance Association meeting, November, Amelia Island, FL.
  • "An Analysis of Life Insurance Cost Comparison Methods." Presented with Mark D. Forster at the 1990 Southern Risk and Insurance Association meeting, November, Amelia Island, FL.
  • "An Analysis of Legalized Rebating in the Life Insurance Industry." Presented at the 1989 Western Risk and Insurance Association meeting, January, San Diego, CA. 

INVITED PRESENTATIONS

  • "Catastrophes and the Demand for Life Insurance." To be presented at the University of Wisconsin, Center for Financial Security Symposium on Family Financial Security: Implications for Policy and Practice, April 19, 2010.
  • "Catastrophes and the Demand for Life Insurance." Presented at The University of Georgia Research Seminar, September 18, 2009.
  • "Catastrophes and the Demand for Life Insurance in the U.S." Presented at the Temple University Colloquium, April 16, 2009.
  • "Risk Management and Public Policy." Presented on Capitol Hill, May 18, 2009.
  • "Basic Principles of Risk Management and Insurance." Presented on Capitol Hill, May 4, 2009.
  • "Market Risk, Interest Rate Sensitivity, and Interdependency in Insurer Stock Returns." Presented at the Florida State University Financial Mathematics Colloquium, February 20, 2008.
  • "Backdating of Life Insurance Policies from an Actuarial Perspective." Presented at the Florida State University Mathematics Honors Day, April 13, 2007.
  • "Market Crash Risk and Implied Volatility Skewness: Evidence and Implications for Insurer Investments." Presented at the Florida State University Financial Mathematics Colloquium, October 25, 2006. PowerPoint.
  • "Market Crash Risk and Implied Volatility Skewness: Evidence and Implications for Insurer Investments." Presented at the University of Nebraska Department of Finance Research Seminar, September 29, 2006.
  • "Measuring Price for Individual Annuities." Presented at The University of Georgia Research Seminar, January 21, 2005.
  • "Interest Rate Risk and Equity Values of Life Insurance Companies: A GARCH-M Model." Presented at The University of Georgia Research Seminar, January 21, 2005.
  • "Collegiate RMI Education:  The FSU RMI Experience." Presented at the Gold Coast CPCU Chapter meeting, Boca Raton, FL, September 28, 2004.
  • "The Market for Life Annuities." Presented at the National Council of Insurance Legislators Conference, Griffith Foundation, Columbus, OH, October, 2003.
  • "The State of Collegiate Insurance Education." Presented at the Pekin CPCU Chapter meeting, Pekin, IL, September 25, 2000.
  • "Call Centers: Taming the Beast." Provide Introduction and Overview at seminar by PricewaterhouseCoopers and Katie School, Chicago, IL, May 24, 2000.
  • Financial Strategies for Successful Wealth Accumulation." Presented at the Illinois State University Alumni Conference, Schaumburg, IL, May 20, 2000.
  • Demutualization from the Policyowner's Perspective." Presented at the Society of Financial Examiners Meeting, Chicago, IL, April 26, 2000.
  • "Insurance Company-Level Determinants of Life Insurance Policy Performance." Presented at the Faculty/Graduate Seminar at University of Wisconsin-Madison, Madison, WI, January 15, 1999.
  • "Insurance Company-Level Determinants of Life Insurance Policy Performance." Presented at the Faculty/Graduate Seminar at Carlson School of Management at University of Minnesota, Minneapolis, MN, October 23, 1998.
  • "Life Insurance Illustrations and Regulation." Presented at the Society of Actuaries Seminar, San Francisco, CA, November 17-18, 1997.
  • "Dynamic Financial Models of Life Insurers." Presented with Mark J. Browne and Robert E. Hoyt at the Society of Actuaries (SOA) meeting, Washington, D.C., October 28, 1997.
  • "Economic and Market Predictors of Insolvencies in the Life Insurance Industry." Presented at the 5th International Conference on Solvency and Finance, London, England, June 19, 1997.
  • "Evaluating the Risk of Insolvency: Implications for Life Insurers Internationally." Presented with Robert E. Hoyt at the International Insurance Society (IIS) Symposium, Amsterdam, The Netherlands, July 11, 1996.
  • "Property-Liability Insurer Insolvency: Beyond Best Ratings." Presented at the Risk and Insurance Management Society (RIMS) Central Illinois Chapter meeting, Bloomington, IL, June 4, 1996.
  • "Redlining and Implications for the Insurance Industry." Presented at the Bloomington-Normal Insurance Association meeting, Bloomington, IL, October, 24, 1994.
  • "An Empirical Analysis of Life Insurer Insolvency." Presented at the annual Society of Actuaries (SOA) meeting, Chicago, IL, October 17, 1994.

TEACHING

Honors and Awards

  • Significant Positive Influence Teaching Honor, 1994-1998, 2000. Student selection at Illinois State University.
  • Panhellenic Outstanding Teacher Award, 1997 - 1998.
  • Maurice Doan Outstanding Teaching Award, 1991, 1992 and 1993. Received from the Department of Insurance, Legal Studies, Real Estate and Management Science at the University of Georgia.
  • Excellence in Teaching Award, 1992. Received from the University of Georgia.
  • Outstanding Teaching Award, 1992. Received from the University of Georgia.

Classes Taught

SERVICE AND COMMITTEES

Service and Committee Positions: Florida State University

  • 2010 to present, Liaison to Student Disability Resource Center (FSU)
  • Spring 2010, Reviewer, COFRS PRoposals (FSU)
  • 2008-2009 and 2009-2010, Member, Promotion and Tenure Committee (FSU)
  • 2008-2009 and 2009-2010, Chair, Promotion and Tenure Committee (COB)
  • 2008-2009 and 2009-2010, Chair, Promotion and Tenure Committee (RMI)
  • 2008-2009 and 2009-1010, Member, Faculty Evaluation Committee (RMI)
  • 2009 to 2010, Chair, Distinguished Doctoral Alumni Award Committee (FSU)
  • 2009 to present, Member, COB Diversity Committee (FSU)
  • 2002 to present, Member, Doctoral Program Policy Committee (COB)
  • 2002 to present, Coordinator, RMI Doctoral Program (RMI)
  • 2008 to present, Member, RMI Master's Program Admissions Committee (RMI)
  • 2007 to 2009, Member, FSU Grievance Committee (FSU)
  • 2006 to 2009, Member, Strategic Planning Committee (COB)
  • 2009-F, 2008-SP, 2006, 2004-SP, 2003-F, Speaker, Introduction to Business course, share information on opportunities in Risk Management & Insurance (RMI / COB)
  • 2007 to 2007, Chair, RMI Search Committee for Assistant/Associate Professor (RMI)
  • 2007, Nominator for award-winning student (Grace Chi) for ARIA Bob Hedges Student Award (RMI)
  • 2006 to 2007, Member, Promotion and Tenure Committee (FSU)
  • 2006 to 2007, Chair, Promotion and Tenure Committee (COB)
  • 2006 to 2007, Chair, Promotion and Tenure Committee (RMI)
  • 2006 to 2007, Member, Faculty Evaluation Committee (RMI)
  • 2005 to 2006, Member, Promotion and Tenure Committee (FSU)
  • 2005 to 2006, Member-At-Large, Promotion and Tenure Committee (COB)
  • 2004 to 2005, Member, Dean Search Committee (COB)
  • 2003 to 2005, Co-Advisor to Florida State Insurance Society (RMI)
  • 2004 to 2005, Coordinator, Spencer Executive-In-Residence Program (RMI) 
  • 2004, Coordinator, Meet Warren Buffett, trip to Omaha (RMI)
  • 2004, Co-Nominator for award-winning student (Jane Girtman) for ARIA Bob Hedges Student Award (RMI)
  • 2004, Reviewer, COFRS Proposals, FSU
  • 2004 (spring), Co-Speaker, National Chiropractic Mutual Insurance Company ( RMI / COB / FSU)
  • 2003 to 2004, Chair, Promotion and Tenure Committee (RMI)
  • 2003 to 2004, Member, Faculty Evaluation Committee (RMI)
  • 2003 to 2004, Member, Promotion and Tenure Committee (COB)
  • 2002 to 2004, Co-Chair, Dean's Blue Ribbon Commission (COB)
  • 2002 to 2002, Member, University Fellowship Criteria Committee (FSU)

Dissertation and Thesis Committees: Florida State University

  • 2007 to present, Member, Dissertation Committee for Katie Shaw, FSU
  • 2008 to present, Chair, Dissertation Committee for Stephen Fier, FSU
  • 2008 to 2009, Member, Dissertation Committee for Lisa Verdon, FSU
  • 2007 to 2009, Chair, Dissertation Committee for Kevin Gatzlaff, FSU
  • 2007 to 2009, Chair, Dissertation Committee for Yuling Wang, FSU
  • 2005 to 2006, Member, Dissertation Committee for Jim Zboja, FSU
  • 2004 to 2005, Member, Dissertation Committee for Kishore G., FSU
  • 2002 to 2004, Member, Dissertation Committee for Faith Neale, FSU
  • 2001 to 2002, Member, Thesis Committee for Jens Vischer, ISU
  • 2001 to 2002, Member, Thesis Committee for Dennis Topleke, ISU

Directed Independent Study (DIS): Florida State University

  • SPRING 2010, William Tyler Cole (internship)
  • SUMMER 2009, Gustavo Urrutia (internship) and Christie Smith (internship)
  • FALL 2007, Brandi Holmes (internship)
  • SUMMER 2007, Brandi Holmes (internship)
  • FALL 2002, Carrie O'Donnell
  • FALL 2002, Walter Viteri

Service and Committee Positions: Illinois State University

  • 2001 to 2001, Member, Educating Illinois (ISU)
  • 1999 to 2001, Member, Katie Faculty Research Committee
  • 1995 to 2001, Webmaster, Katie Insurance School
  • 1993 to 2001, Member, Katie Insurance School, Student Scholarship Committee
  • 1999 to 2000, Member, Department Faculty Status Committee
  • 1999 to 2000, Chair, Insurance and Risk Management Goals and Mission Committee
  • 1999 to 2000, Chair, Search Committee for Director of Katie School
  • 1998 to 2000, Member, Technology and Physical Environment Team
  • 1993 to 1999, Advisor, Gamma Iota Sigma
  • 1993 to 1998, Member, FIL Department Student Honors Committee
  • 1997 to 1998, Member, Student Portfolio Integration Committee
  • 1995 to 1997, Member, MBA 2000 Committee
  • 1993 to 1997, Member, Business Information Systems Committee (COB)
  • 1993 to 1997, Member, Insurance Interest Group (COB)

Academic Service

     American Risk and Insurance Association (ARIA)

  • Member, Teaching Resources Committee, 2009, 2010
  • Member, Nominations Committee, 2006, 2007, 2008, 2009, 2010
  • Mentor for First-Time Attendee, 2006, 2007, 2008
  • Member, Excellence in Teaching Award, 2008
  • Member, Program Committee, 1998, 2002, 2007, 2008
  • Chair, New Awards Committee, 2006 - 2007
  • Immediate Past-President, 2005 - 2006
  • Member, Board of Directors, 1999 - 2006
  • Chair, Nominations Committee, 2005 - 2006
  • Member, Teaching Awards Committee, 2005 - 2006
  • President, 2004 - 2005
  • Member, Organizing Committee, 2005 World Risk and Insurance Economics Congress, 2002 - 2005
  • President-Elect, 2003 - 2004
  • Member, Web Oversight Committee, 2002 - 2003
  • Vice-President and Program Chair, 2002 - 2003
  • Chair, Web Oversight Committee, 2000 - 2002
  • Member, Proposal Review Committee, 1998, 2002
  • Member, Les Strickler Teaching Award Selection Committee, 1999
  • Member, Griffith Foundation Committee, IRM New Course Proposal, 1998 - 1999
  • Member, Search Committee for RMIR Editor, 1998 - 1999
  • Moderator, Annual meeting plenary session, 1997
  • Member, Nominations Committee, 1996
  • Member, Kulp/Wright Book Award Committee, 1994 - 1995

     Western Risk and Insurance Association (ARIA)

  • Editor, Journal of Insurance Issues, 2001 to 2005 
  • Webmaster, WRIA web site, 1997 to 2005 
  • Member, JII Editor Search Committee, 2004 
  • Chair, Hardigree Memorial Award Committee, 1999 and 2003
  • Immediate Past President, 2001
  • President, 2000
  • President-Elect, 1999
  • Program Chair and Vice President, 1998
  • Program Chair and Board of Directors, 1997
  • Board Member, 1996

     Southern Risk and Insurance Association (SRIA)

  • Member, Nominations Committee, 2002 

     International Insurance Society (IIS)

  • Academic Moderator, International Insurance Society Annual Meeting, New York, New York, 2003
  • Academic Moderator, International Insurance Society Annual Meeting, Vienna, Austria, 2001
  • Academic Moderator, International Insurance Society Annual Meeting, Berlin, Germany, 1999

     Journals

     Reviews for Publishers

  • Reviewer for Addison-Wesley, chapter in Risk Management and Insurance, by George E. Rejda, 2003
  • Reviewer for Irwin, Risk Management and Insurance, by Scott Harrington and Greg Niehaus, (First Edition), 1997-1998.
  • Reviewer for Harper Collins, Principles of Risk Management and Insurance, by George E. Rejda, (Fifth Edition), 1996.
  • Reviewer for Harper Collins, Principles of Insurance Course Guide, by Michael J. McNamara, to accompany Principles of Insurance, by George E. Rejda, 1994.

     External Promotion and Tenure Reviews

  • Howard University, tenure and promotion to associate professor (2009)
  • Ball State University, promotion to full professor (2007)
  • Temple University, tenure and promotion to associate professor (2006)
  • Georgia State University, promotion to full professor (2005)
  • University of Mississippi, promotion to full professor (2004)
  • Colorado State University, promotion to full professor (2003)

     Other Academic Service

Insurance Industry Relations and Industry Service

  • Serve on Panel of Judges for Business Insurance Risk Manager of the Year Award, 2001, 2002
  • Organize Academy of Senior Professionals Seminar Series on Managing Wealth, 2000
  • Work with insurers to establish student internships, 1999 - 2001
  • Serve on Planning Team for Lloyd's/Katie Oxford Global Insurance Study Tour, 1998
  • Work with insurance company executives to create tailored education seminars, 1996 to 2001
  • Work with insurance company executives to create professional designation program via college courses, 1998 to 2001
  • Formulate and develop proposals, and conduct funded research, 1995 to 2001
  • Conceive, initiate, develop, and maintain Professional Mentor Program for RMI Majors/Minors, 1996 to 2001
  • Speak to Bloomington-Normal Kiwanis Club, 1996
  • Moderate and Facilitate CPCU All-Industry Day, 1996
  • Lecturer for Risk and Insurance Management Society (RIMS), 1996 to 1998
  • Member of Central Illinois CPCU Research Group, 1993-1997
  • Teach Lloyd's of London / Katie Insurance School MBA Study Tour, 1996 to 1999

Community Service

  • Provide Risk Management seminar to Senior Professional Group, Bloomington-Normal, 1999
  • Member, Advisory Committee to Heartland Community College on Insurance Program, 1998
  • Member, Board of Directors, Bloomington-Normal Tennis Association, 1995 to 1997
  • Director, Metro Tennis Tournament, 1995 to 1997
  • Captain, ISU Men's Senior Tennis Team, 1998 to 2000

MEMBERSHIPS

Academic and Professional Organizations

Honor Societies

  • Beta Gamma Sigma National Honor Society
  • Blue Key National Honor Society

Involvement with Local Groups

HONORS AND AWARDS

  • College of Business Outstanding Researcher Award, Illinois State University, 1999
  • Journal of Insurance Regulation Distinguished Reviewer Award, 1998
  • Research Initiative Award, Illinois State University, 1997
  • Katie Scholar Award, 1996
  • Old Republic Corporation Research Scholar, 1994
  • Grant Taggart Scholarship, The American College, 1989 - 1994
  • State Farm Companies Foundation Doctoral Dissertation Award, 1992
  • Society of Actuaries Ph.D. Grant, 1992
  • National Association of Insurance Commissioners Solvency Surveillance Research Project, 1992
  • Breen Award, James S. Kemper Foundation, 1990, 1991, 1992
  • Comer Fellowship, UGA, 1989 and 1991
  • Colonel Perryco Scholarship, UGA, 1989
  • Corey Fellowship, University of Nebraska, 1986
  • Big-Eight Tennis Champion (#5 Singles) and NCAA Tournament Qualifier (#1 doubles), 1984
  • Athletic (Tennis) Scholarship, University of Nebraska, 1981 - 1985
  • State (Nebraska) high school singles tennis champion, 1978, 1979, 1980

CONSULTING ACTIVITIES

  • Consultant in insurance litigation, 1998 - present
  • General Consulting, 1994 -present

CONTINUING EDUCATION INSTRUCTION

  • Team member to create online and DVD instruction RMI materials for high school teachers and students, 2003 - 2005
  • Seminar for Lloyd's of London brokers, underwriters, and names, 1996 - 1999
  • Seminar for underwriters, claims adjusters, and pricing personnel, Intercargo Corp., 1998
  • Seminar for risk managers of Fortune 500 companies, via RIMS, several times each year, 1996-1998
  • Seminar for 15-hour CE course for managers, financial planners, and brokers, 1997
  • Seminar for agents, brokers, and managers on all lines of coverages, Basic Insurance School, 1994
FSU seal
CONTACT    |    CREDITS    |    WEBMASTER    |    FSU HOME    |    © FSU COB