August 2000
Assistant Professor of Finance, Department of Finance and Economics, Georgia Southern University, Statesboro,GA, 1998 to present. Undergraduate courses taught: Economics in a Global Society, Principles of Corporate Finance, Risk Analysis, Personal Risk Management, Property-Liability Risk Management, Senior Seminar, Business Plan. Graduate courses taught: Fundamentals of Corporate Finance.Senior Research Associate, National Association of Insurance Commissioners, Kansas City, MO; 1993 to 1998.
Adjunct faculty, Baker University School of Professional and Graduate Studies, Overland Park, KS; 1997-1998. Courses taught: Business Statistics, Quantitative Methods.
Program Director for Associate in Underwriting, Insurance Institute of America, Malvern, PA; 1992-1993.
Product Manager, Stonewall/Dixie Insurance Companies, Birmingham, AL; 1988-1989.
Actuarial Analyst/Product Manager, Moore Group, Atlanta, GA; 1986-1988.
Loan Analyst, Savannah Bank & Trust, Savannah, GA, 1985.
U.S. Army, 1973-1982.
PhD, Risk Management & Insurance, Georgia State University, 1993MS, Risk Management & Insurance, Georgia State University, 1989
Chartered Property Casualty Underwriter, The American Institute for CPCU, 1988
BBA, Finance, Georgia State University, 1985
Refereed Journal Articles
"A Comparison of Risk-Based Capital Standards Under the Expected Policyholder Deficit and the Probability of Ruin Approaches ." Journal of Risk and Insurance, Fall 2000."Applying the Law of Large Numbers to P&C Risk-Based Capital." Journal of Insurance Regulation, Summer 1999.
"Does Rate Regulation Alter Underwriting Risk?" with William Feldhaus. Journal of Insurance Issues, Spring 1999.
"Another Look at the Use of Credit Reports in Underwriting Personal Auto Insurance," CPCU Journal, Summer 1998.
"Measuring Underwriting Risk: Group vs. Individual Major Medical Insurance," Journal of Insurance Regulation, Fall 1997.
"Capital Requirements to Support Adverse Loss Development," Journal of Insurance Regulation, Summer 1996
"Solvency Monitoring in the Twenty-First Century," with Robert W. Klein, Journal of Insurance Regulation, Spring 1995.
"Risk-Based Pricing Factors for Property-Casualty Insurance Guaranty Funds," with William Feldhaus. CPCU Journal, December 1992.
"The Combined Ratio as a Profit Measure," CPCU Journal, December 1991.
Chapters in Books
Chapter 3: Quantitative Tools for Underwriting in Advanced Underwriting Techniques (American Institute for Chartered Property Casualty Underwriters: Malvern, PA, 1998)Other Published Research
"A Simulation Approach to Measuring Capacity Requirements for Property-Casualty Insurance Companies." Research project of the Kansas City Chapter of the Society of CPCU, 1995. (Society of CPCU: Malvern, PA)."The Regulation and Structure of Nonlife Insurance in the United States," with Martin F. Grace, Policy Research Working Paper Series WPS1155, Financial Sector Development Department of The World Bank, July 1993.
"The Application of Risk-Based Assessment Pricing to Insurance Guaranty Funds: Modeling a New Base" with William Feldhaus. Research project of the Georgia Chapter, Society of CPCU, 1992. (Society of CPCU: Malvern, PA).
Other Publications
"A Brief Description of Federal Bank and Thrift Supervision and Regulation," newsletter of the Regulatory Interest Section of the Society of CPCU, Fall 1997."Trends in RBC Results" in The Financial Reporter, the newsletter of the Society of Actuaries' Financial Reporting Section, March 1996.
"Life Insurance Companies' Risk-Based Capital Distributions by Size Groups" in the Society of Actuaries' Smaller Insurance Company Section newsletter, June 1995.
"Overview of Risk-Based Capital Standards for Insurers in the United States," with Greg Krohm, The International Journal of Insurance Law, July 1995:195-97.
NAIC Research Quarterly Articles
"1997 P&C RBC Industry Results," April 1998."A Brief Description of Federal Bank and Thrift Supervision and Regulation," July 1997.
"P&C Risk-Based Capital Results for 1996," April 1997.
"Industry Loss and Expense Ratio Comparisons Between HMOs and Life/Health Insurers," January 1997.
"The Effect of Rate Regulation on Underwriting Results," July 1996.
"Health Insurance RBC Underwriting Risk Measurement," April 1996.
"Risk-Based Capital Results for the Property-Casualty Industry," January 1996.
"Is Industry By-Line Reserve Development Correlated?" with Brenda Wigger, January 1996.
"Common Stock Investments and Risk Implications," October 1995.
"Trends in Life Risk-Based Capital Results," October 1995.
"Using Duration to Evaluate Interest Rate Risk: An Introduction," July 1995.
"The Relation Between Investment Portfolio Mix, Leverage and Profitability," July 1995.
"Economies of Scale in Property/Casualty Insurance," April 1995.
"Ranking Insurers By RBC Results: Still Not Such A Smart Move," April 1995.
"Life Insurance Companies' Risk-Based Capital Distributions by Size Groups," January 1995.
"Medical Malpractice Insurance - Comparisons of Claims Made and Occurrence Experience," January 1995.
"RBC Ratio Results By Size," January 1995.
"A Comparison of the Expected Policyholder Deficit and the Probability of Ruin Approaches to Setting Appropriate Minimum Capital Standards for Insurance Companies," Southern Risk and Insurance Association, 1999, Orlando, Florida."Measuring the Volatility of Insurance Stocks," with William Feldhaus, American Risk and Insurance Association, 1999, Vancouver, Canada.
"Making IRIS More Efficient," American Risk and Insurance Association, 1999, Vancouver, Canada.
"Evaluating the Effectiveness of the NAIC's P&C Risk-Based Capital Model," Southern Risk and Insurance Association, 1998, Williamsburg, Virginia.
"Measuring Underwriting Risk Differentials Between Life Insurers and HMOs," American Risk and Insurance Association, 1997, San Diego, California.
"Risk-Based Capital, Risk-Based Pricing and Regulatory Monitoring: A Three-Leg Approach to Insurer Solvency Oversight," with Robert Klein, American Risk and Insurance Association, 1995, Seattle, Washington.
"An Analysis of Risk-Based Capital Requirements for Property-Casualty Loss Reserves," American Risk and Insurance Association, 1994, Toronto, Canada.
"A Risk-Based Guaranty Fund Pricing Solution" with William Feldhaus, American Risk and Insurance Association, 1992, Washington, DC.
"The Effects of Interest Rate Yield Curves, Inflation and Changes in Payment Patterns on Automobile Insurance Profits, 1973-1988," Southern Risk and Insurance Association, 1990, Amelia Island, Florida.
"Risk-Based Capital for Insurers: The U. S. System," World Bank Training on Cutting Edge Issues Seminar, Washington DC, 2000."The ABC's of RBC," California Insurance Department RBC Seminar, June 1996, and NAIC Risk-Based Capital Workshops in Kansas City, 1994-1995.
"What HMOs Need to Know About Risk-Based Capital," 1995 Group Health Institute, San Diego, June 1995.
"The Impact of Insurance on the U.S. Economy," NAIC Staff Education Seminars, 1994-1995.
"The Impact of RBC on the P&C Insurance Industry," National Conference of Insurance Guaranty Funds conference, Kansas City, April 1995.
"Theory of RBC and Risk," NAIC Risk-Based Capital Workshop, Kansas City, November 1994, 1995, 1996, 1997.
"RBC Fact and Fiction," Reinsurance Association of America Annual Technical Conference, October 1994.
"Risk-Based Capital Principles," NAIC Regulating for Solvency Workshop, September 1994.
2000 Georgia Southern University College of Business Administration M. Albert Burke Faculty Award1997 Distinguished Regulatory Reviewer, Journal of Insurance Regulation.
1996 Spencer L. Kimball Article Award, Journal of Insurance Regulation. Outstanding paper award with Robert Klein for "Solvency Monitoring in the Twenty-First Century."
1992 State Farm Foundation Doctoral Dissertation Award.
1989 CPCU-Harry J. Loman Research Grant award with William Feldhaus for "Risk-Based Pricing Factors for Property-Casualty Insurance Guaranty Funds."
Member, American Risk and Insurance AssociationMember, Southern Risk and Insurance Association
Member, Society of Chartered Property Casualty Underwriters
Member, Financial Management Association
Editorial Review Board, Journal of Insurance Regulation, 1996 to presentMember, Journal of Insurance Regulation Award Review Committee, 1995
Advisory Committee, Associate in Insurance Accounting and Finance Program, Insurance Institute of America, 1993-1996