Vitae of Dr. Etti Baranoff
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Associate Professor of Finance and InsuranceVirginia Commonwealth University School of Business Office: (804) 828-3187 Snead Hall, 301 West Main Str., Suite B4167Richmond, Virginia 23284-4000
Texas Home Office: (512) 345-7486Cell: (512) 750-6782 Texas address: 9100 Rockcrest Circle, Austin, TX 78759 email: ettib@earthlink.net, ebaranof@vcu.edu
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Education
• Ph.D. in Finance with minors in Statistics, and Insurance, University of Texas at Austin, 1993
• BA in Economics and Statistics, University of Tel-Aviv, Israel, 1971
• FLMI (Fellow of Life Management Institute) Designation with Distinction, 1982
• Teaching Certificate in Social Sciences, University of Tel Aviv, Israel, 1974
Professional Background
Academic
1995 to present: Associate Professor of Finance and Insurance at the School of Business of Virginia Commonwealth University, Richmond, Virginia.
Teaching: undergraduate and graduate courses in finance, risk and insurance and employee benefits – all group coverages and pensions.
Research and Publications: Health Care Reform and Health Insurance Education and Research; Risk and enterprise risk management maps and interrelationships of life insurers; risk financing; risk assessment; risk measurements and relations to capital; interrelations among capital/risk/organization/distribution structures; solvency detection models; regulations and impact, strategic risk identification/mitigation/implementation of solutions; industry segmentation; sophisticated statistical modeling; asset allocation dynamics – determinants and performance; market discipline - impact of rating on internal behavior of insurers and market response; Risk Management and Insurance Textbook by Wiley & Sons, Risk Assessment text book for the ARM designation and more. (See publications below). Currently working on a new version of a textbook with Pat Brockett and Yehuda Kahane “Risk Management for the Enterprise and Individuals” 2009 by Flatworld Knowledge.
Editorial Boards:
The Geneva Papers on Risk and Insurance Issues and Practice of The International Association for the Study of Insurance Economics. (www.palgrave-journals.com/gpp/)
International Research Journal “Insurance Markets and Companies: Analysis and Actuarial Computations” (http://www.businessperspectives.org/content/view/125)
Affiliation: A visiting scholar at the Business School of the University of Texas at Austin
Special awards and participation: International Insurance Society five-time research award winner including the 2008 award. 2005 VCU Business School distinguished scholar. Participation in the Enterprise Risk Management Symposium by invitation only from the Griffith Foundation.
Additional work:
Insurance education: Educational consultant to the Academy of Insurance Education of the National Association of Insurance Brokers (NAIB) creating educational audiovisual materials for five courses for continuing education credits for agents and brokers on the following topics: General Liability, Workers Compensation, Reinsurance, Ethics, Alternative Risk Financing. Also revising chapters in educational books
Risk management: Profiling of risk financing alternatives for school districts via statistical modeling for the Texas Association of School Boards (TASB)
Market research for the Texas Association of school Boards for the workers’ compensation, health, property/casualty and unemployment compensation pools.
Insurance law and regulation: Consultant to Legal Research Network on regulatory issues
Research and analysis – various complex issues in litigation
Expert Witness [previous and current] – Various cases in life/health and property/casualty including group self insurance and HMOs. WC self insurance groups; Stranger Owned Life Insurance [STOLI]; Insurance contracts’ analysis and underwriting.
Prior Non-Academic Employment:
February 1994 -- 1995: Texas Association of School Boards (TASB)
TASB is Texas largest public risk pools providing health care coverage, workers' compensation, unemployment compensation and property/casualty insurance to Texas school districts and other public entities. Responsibilities include project management in market research and product development. Research in alternative risk financing and risk management
1982 -- 1994: Texas Department of Insurance (TDI), Austin, Texas
1991 - 1994: Legislative and Research Projects Manager
Financial analysis and solvency models for both the life/health and property/casualty insurance industries utilizing sophisticated statistical and econometrics techniques, and economic theories
Utilization review study of six health care constituencies
Condition of the Texas property insurance market
Data collection needs for rates and market condition
Property/casualty filing forms
Impact of regulatory rating system changes
Represented TDI in various National Association of Insurance Commissioners (NAIC) working groups.
1986 - 1991: Legislative and Research Programs Administrator
Responsible for research projects for various lines of insurance and insurance issues primarily related to legislative needs; some studies have impacted Texas insurance laws.
1982 - 1986: Rate Analyst
Responsible for preparing the property/casualty rate development including auto, property, and workers' compensation rate development and rates calculations. Performed actuarial analyses.
1978 - 1982: American Founders Life Insurance Company, Austin, Texas
1980 - 1982: Market Research Analyst
Responsible for the product monitoring system and developing target marketing kit for agents. Participation in radio talk shows about marketing life insurance to women.
1978 - 1980: Pension Administrator
Responsible for completing IRS forms relating to pension plans and reporting to employers.
1977-1978: "Realty World" Austin, Texas
1975-1977: High School "H," Tel-Aviv, Israel
An economics and social sciences teacher preparing seniors for matriculation examinations
1971-1972: The Reserve Bank of Israel, Tel-Aviv, Israel
An Economist trading bonds in the Israeli stock exchange
1970-1971: The Histadrut, Israel National Labor Federation
An Economist
Baranoff, Etti G, “What are the Lessons for Insurance Regulators from the Economic Crisis” One column on page 12, The Regulator/NOV 2009 12
Baranoff, Etti G, Patrick Brockett and Yehuda Kahane “Risk Management for the Enterprise and Individuals” Flatworld Knowledge, Spring 2009.
http://www.flatworldknowledge.com/
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” in the Monograph of the ERM Symposium of the Actuarial Society in May 2009, Chicago.
Baranoff, Etti G., and Thomas W. Sager, "Do Life Insurers' Asset Allocation Strategies Influence Performance within the Enterprise Risk Framework?" The Geneva Papers, 2009, 34, (242–259) © 2009 The International Association for the Study of Insurance Economics 1018-5895/09 www.palgrave-journals.com/gpp/
Baranoff, Etti G., and Thomas W. Sager, “The Impact of Mortgage Backed Securities on Capital Requirements of Life Insurers in the Financial Crisis of 2007-2008” The Geneva Papers, 2009, 34, (100-118) © 2009 The International Association for the Study of Insurance Economics 1018-5895/09, www.palgrave-journals.com/gpp
Invited article “Risk Management and Insurance in the Era of Mega-Catastrophes” Chapter 9 of Volume II of The Day that Changed Everything? [Being edited, A chapter in a multi Discipline volumes. See: htttp://www.ademocracyisborn.com/911/impactof9-11.html]
Baranoff, Etti G., and Thomas W. Sager “Mortgage Backed Securities and Capital of Life Insurers: Was the Industry prepared for the Credit Crunch of 2007-2008?” a $10,000 award winning paper at the IIS 2008. 2008 Special Competition Issue of the Geneva Papers on Risk and Insurance Issues and Practice.
Baranoff, Etti “Congratulations, Grads -- Now What About Medical Insurance? Sunday, Apr 20, 2008 – Richmond Times-Dispatch
Baranoff, Etti “Risk Management and Insurance” 2007, Preliminary 2nd Edition, PearsonPack
Papadopoulos, Savas, Etti G. Baranoff, Etti G., and Tom W. Sager “Capital and Risk Revisited: A Structural Equation Model Approach for Life Insurers” The Journal of Risk and Insurance, 2007, Vol. 74, No. 3, 653-681
Baranoff, Etti G., and Thomas W. Sager “Integrated Risk Management in Life Insurance Companies” a $10,000 award winning paper, International Insurance Society Seminar, Chicago, July 2006 and in Special Edition of the Geneva Papers on Risk and Insurance Issues and Practice
Baranoff, Etti G, Scott Harrington and Greg Niehaus “Risk Assessment” 2005 American Institute for Chartered Property Casualty Underwriters/Insurance Institute of America, Malvern, Pennsylvania
Baranoff, Etti “Risk Management and Insurance” 2004, John Wiley & Sons, NJ. (textbook)
Baranoff, Etti G. and Dalit Baranoff “Trends in Insurance Regulation” Review of Business, Fall 2003, pp. 11-20
Baranoff, Etti G., And Thomas W. Sager “The Interrelationship Among Organizational And Distribution Forms And Capital And Asset Risk Structures In The Life Insurance Industry” Journal Of Risk and Insurance, Sept. 2003, v70 i3 p375(26)
An Interview for A. M. Best publications: “In the Spotlight: Professor Says New Risk Management Textbook Connects With Holistic Problem Solving” BestWeek, the week of Sep. 2, 2003, BestDay News on Sep. 2, 2003 and “Greater Than the Sum of the Parts,” Best’s Review, November 2003
Baranoff, Etti G. and Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Journal of Banking and Finance, (26)6 (2002) pp. 1181-1197.
Baranoff, Etti G. “The Risk Balls Game: Transforming Risk and Insurance into Tangible Concepts” Risk Management and Insurance Review, 2001, Vol. 4, No. 2, 51-58
EDUCATIONAL INSIGHTS
Baranoff, Etti G., Thomas W. Sager and Tom Shively, "Semiparametric Modeling As A Managerial Tool For Solvency,” Journal of Risk and Insurance, September, 2000
Baranoff, Etti G., Dalit Baranoff and Thomas W. Sager, "Nonuniform Regulatory Treatment of Broker Distribution Systems: An Impact Analysis for Life Insurers,” Journal of Insurance Regulations, September, 2000
Baranoff, Etti G., “Determinants in Risk-Financing Choices: The Case of Workers’ Compensation for Public School Districts,” Journal of Risk and Insurance, June, 2000
Baranoff, Etti G. and Dan Gattis “Shaping a Positive Insurance Regulatory Environment in the new Knowledge Millennium” Seminar Proceedings of the International Insurance Society, Inc. - Volume 2000, July, 2000.
Baranoff, Etti G., Thomas W. Sager and the late Bob Witt “Industry Segmentation And Predictor Motifs For Solvency Analysis Of The Life/Health Insurance Industry” Journal of Risk and Insurance, March, 1999
Baranoff, Etti G. and Dan Gattis, “Measuring Attitudes Toward Regulation” Best’s Review, P/C and L/H Issues September 1998
Baranoff, Etti G. and Phyllis Myers “The Prevalence and Application of Risk Management Information Systems,” Risk Management Letter, December 1997
Myers, Phyllis S. and Etti G. Baranoff, “Non-Traditional Insurance Programs: The New Generation,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Ethics in Insurance,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “CGL: Issues and Perspectives,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Workers' Compensation: On the Cutting Edge,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Myers, Phyllis S. and Etti G. Baranoff, “Reinsurance: Tradition in Transition,” Academy of Insurance Education, Washington D.C., Instructional video with supplemental study guide. (Video produced by the Center for Video Education, 1997)
Baranoff, Etti, G., Phyllis S. Myers and E. G. Miller, “The Prevalence and Application of Risk Management Information Systems,” An award winning paper, Seminar Proceeding of the International Insurance Society, Inc. - Volume 1996.
Baranoff, Etti, G., Thomas W. Sager, and Robert C. Witt "Investment Risk and Warning Signals for Life/Health Insurance Companies" An award winning paper, Seminar Proceedings of the International Insurance Society, Inc. - Volume 1995.
Baranoff, Etti, G., "Medical Professional Liability Market Place in Texas," Journal of Insurance Regulation, Sep. 1989
"Texas Liability Insurance Closed Claim Survey," Parts I and II, September 1987, Journal of Insurance Regulation (Appears under Texas State Board of Insurance. Co-authored with David Eley)
Under review and revisions
Baranoff, Etti G., and Thomas W. Sager “Market Discipline in Life Insurance: Insureds’ Reaction to Rating Downgrades in the Context of Enterprise Risks” Revise and Resubmit at Journal of Money Credit and Banking [on SSRN]
Working Papers
Baranoff, Etti G., and Thomas W. Sager “The Financial Crisis Impact: Risks of Insurer Subgroups” Sent to IIS for 2010 conference
Baranoff, Etti G., and Thomas W. Sager “Market Discipline of Health Insurers Consumers.” presentation at VCU Business School seminars, 4-20-2010
Baranoff, Etti G., Thomas W. Sager, and Bo Shi “Capital Ratio, Product Risk and Asset Risk Relationships in the U.S. Health Insurance Industry” accepted at the FMA and ARIA [World Risk Congress] for 2010 conferences
Baranoff, Etti G., Thomas W. Sager, Bo Shi “Variable Annuities with Guarantees and Mortgage Backed Securities: A Colossal Capital Crisis for Life Insurers?” presented at ARIA 2009
Baranoff, Etti G., and Thomas W. Sager “Market Discipline During the Financial Crisis of 2007-2009: Impact of Mortgage Backed Securities on the Demand for Life Insurance.
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Rebalancing Target Capital in the Financial Sector: The Case of Life Insurance” Under reconstruction for two separate papers [on SSRN]
Liyan Zhao, Thomas W. Sager and Etti Baranoff “Determining Market Values of Individual U. S. Life Insurers By Matching Method and Multiple Imputation” new title: “Marking to Market the Capital of Non-Publicly Traded Insurers for use in Financial Studies,” [on SSRN]
Baranoff, Etti G., Dan Gattis and Thomas W. Sager “Operational Risk Management – How to Attract and Retain World Class Talent in the New Millennium?”
Baranoff, Etti G., Dan Gattis and Thomas W. Sager “The Emerging Global ‘War for Talent’: Attracting and Retaining World Class Talent in an Era of Changing Demands, Expectations and Demographics”
Baranoff, Etti G., and Thomas W. Sager “Asset Allocation Strategies and Performance of Life Insurers”
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Managing Capital Structure: The Case of Life Insurers – A Semiparametric Simultaneous Equations Approach”
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM”
Baranoff, Etti G., and Thomas W. Sager “The Relationship between Capital and Earnings of Life Insurers”
Baranoff, Etti G., and Thomas W. Sager “Determinant of Asset Allocation Dynamics in the Life Insurance Industry”
Presentations
Baranoff, Etti G and Linda Golden “Expanding the ERM Brand: Enterprise, Risk and Opportunity Management (EROM)” to be presented at the 2010 WRIA meeting in Napa Valley
Baranoff, Etti G., Thomas W. Sager and Bo Shi, “Variable Annuities with Guarantees and Mortgage Backed Securities: A Colossal Capital Crisis for Life Insurers?” Presented at the 2009 ARIA meeting in Providence, RI.
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” ERM Symposium of the Actuarial Society in May 2009, Chicago
Baranoff, Etti G., and Thomas W. Sager “Mortgage Backed Securities and Capital of Life Insurers: Was the Industry prepared for the Credit Crunch of 2007-2008?” a $10,000 award winning paper at the IIS 2008, ARIA, Portland, 2008
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Rebalancing Target Capital in the Financial Sector: The Case of Life Insurance” MFA, San Antonio, 2008, ARIA, 2008
Baranoff, Etti G., and Thomas W. Sager “Market Discipline in Life Insurance: Insureds’ Reaction to Rating Downgrades in the Context of Enterprise Risks” ARIA, Quebec City, Canada, August, 2007 and WRIA in Jan 2008 and at the EGRIE meeting, Toulouse, France, September, 2008
Baranoff, Etti G., and Thomas W. Sager “Integrated Risk Management in Life Insurance Companies” Award winning paper, International Insurance Society Seminar, Chicago, July 2006, VCU Dean’s seminar Series, March, 2007
Baranoff, Etti G., and Thomas W. Sager “An Empirical Map of Enterprise Risk Space for Life Insurers: Implications for ERM” ARIA, August 2006
Baranoff, Etti G., and Thomas W. Sager “Impact of Life Insurers’ Rating Changes on Market Discipline” VCU Seminar series, April 21, 2006
Baranoff, Etti G. and David Jewell, “Wind vs. Water” Fraud Conference, VCU, March 14, 2006
Baranoff, Etti G., and Thomas W. Sager “The Relationship Between Life Insurers’ Asset Allocation and Performance” FMA meeting, October 2005 in Chicago and VCU internal seminar
Baranoff, Etti G., and Thomas W. Sager “Life Insurers’ Asset Allocation Dynamics and Performance” WRIA meeting, 2005 in Monterey Bay, CA and FMA meeting in Chicago
Liyan Zhao, Thomas W. Sager and Etti Baranoff “Determining Market Values of Individual U. S. Life Insurers By Matching Method and Multiple Imputation” ARIA meeting, 2004 in Chicago
Baranoff, Etti G., and Thomas W. Sager “Life Insurers’ Asset Allocation Dynamics and Performance” ARIA meeting, 2004 in Chicago
Baranoff, Etti G., Thomas W. Sager and Tom Shively “Managing Capital Structure: The Case of Life Insurers – A Semiparametric Simultaneous Equations Approach” presentation at the 2004 Risk Theory Seminar
Baranoff, Etti G., and Thomas W. Sager “Determinant of Asset Allocation Dynamics in the Life Insurance Industry” At ARIA 2003 meeting in Denver
Baranoff, Etti G., and Thomas W. Sager “The Interrelationship among Organizational and Distribution Forms and Capital and Asset Risk Structures in the Life Insurance Industry” At ARIA 2002 meeting in Montreal
Baranoff, Etti G., Tom W. Sager and Savas Papadopoulos “The Effect of Regulated versus Market Risk on the Capital Structure of Life Insurers: A Structural Equation Modeling Approach” – At FMA 2002 meeting in San Antonio
Baranoff, Etti G., and Thomas W. Sager “The Relationship between Capital and Earnings of Life Insurers” Working paper at the ARIA 2001 meeting in Indianapolis
Baranoff, Etti G., and Thomas W. Sager “The Interrelationship among Organizational and Distribution Forms and Capital and Asset Risk Structures in the Life Insurance Industry” Presentation at the SRIA meeting in San Antonio, November, 2000 and at VCU Seminar in February, 2001, Working paper forthcoming at the ARIA 2002 meeting in Montreal, Canada
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “A Semiparametric Decision Tool for Managing Capital Structure: The Case of Life Insurers” FMA 2000 meeting in Seattle
Baranoff, Etti G., Tom W. Sager and Savas Papadopoulos “The Effect of Regulated versus Market Risk on the Capital Structure of Life Insurers: A Structural Equation Modeling Approach” – Working paper presented at the ARIA 2000 meeting in Baltimore
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “The Relationship Among Asset Risk, Product Risk, And Capital In The Life Insurance Industry: A Semiparametric Approach,” Presentation at the SRIA meeting in Orlando, November, 1999
Baranoff, Etti G. and Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Presentation at the American Risk And Insurance Association (ARIA) meeting in Vancouver, August, 1999
Baranoff, Etti G., Dalit Baranoff and Thomas W. Sager, "Inconsistencies in Insurance Broker’s Laws Across States: A Review And Impact Analysis,” Presentation at the SRIA meeting in Williamsburg, November, 1998
Baranoff, Etti G., Thomas W. Sager “The Relationship between Asset Risk, Product Risk, and Capital in the Life Insurance Industry,” Presentation at the VCU FIRE Department Seminar series, October 1998
Baranoff, Etti G., Thomas W. Sager and Tom Shively, “An Examination of the Linear Applications in Life Solvency Studies -- A Semi-Parametric Analysis,” Presentation at the American Risk And Insurance Association (ARIA) meeting, Boston, August 1998
Baranoff, Etti G. and Thomas W. Sager, “Life Risk-Based-Capital Reviewed through the Lens Of Transaction-Cost Economics: Should There Be Equal Treatment For Different Specialties?” The Risk Theory Seminar for presentation in its 1998 meeting, and also presented at the VCU seminar series, January, 1998
Baranoff, Etti G., “An Examination of Risk Financing Hypotheses: The Case of Workers’ Compensation for School Districts,” presented at the VCU seminar series, December, 1997
Baranoff, Etti G., Thomas W. Sager “Three Years of Risk-Based Capital: Differential Impacts on Life/Health Industry Segmentation,” - ARIA meeting in San Diego, 1997
Baranoff, Etti G., “Selection of a Risk Management Financing Strategy: A Case of Workers’ Compensation for Public Entities,” SRIA meeting in Hilton Head, 1996
Baranoff, Etti G., Phyllis S. Myers and E.G. Miller "The Prevalence and Application of Risk Management Information Systems,” ARIA meeting in Philadelphia, 1996
Baranoff, Etti G., Phyllis S. Myers and E.G. Miller "The Prevalence and Application of Risk Management Information Systems,” International Insurance Society in Amsterdam, Holland, July 1996
Baranoff, Etti G., "A Choice Model Between Self-Funding and Fully-Insuring Workers' Compensation," ARIA meeting in Seattle, Washington, 1995
Launie, Joseph J., William P. Jennings, and Etti G. Baranoff, "Exchange Rate Risk in Reinsurance,” ARIA meeting, Seattle, Washington, 1995
Baranoff, Etti G., Thomas W. Sager, and Robert C. Witt, "Investment Risk and Warning Signals for Life/Health Insurance Companies,” FMA meeting in New York City, 1995
Baranoff, Etti G "A Stepwise Structure Redesign from the Bottom Up," Re-engineering Special Interest Group of the University of Texas at Austin, 1995
Baranoff, Etti G., "Current and Future Life Insurance Regulation," Inforume Conference of LOMA in Orlando, Florida, 1995
Baranoff, Etti G., "US Private Passenger Automobile Rating and Information Systems: Economic and Public Policy Viewpoints," University of Tel Aviv, Tel Aviv, Israel, by Invitation from Dr. Yehuda Kahane, 1995
Baranoff, Etti G., "Pricing of Insurance Contracts and Evaluating Insurer Investment Practices: An Alternative Approach," ARIA meeting, Toronto, Canada, 1994
Baranoff, Etti G., Thomas W. Sager, and Robert C. Witt "Solvency Surveillance For The Life and Health Insurance Industry: A Disaggregated and Cascaded Approach," ARIA meeting, San Francisco, California, 1993
Baranoff, Etti G., "An Overview of the NAIC Risk-Based Capital Formulas and Comparison to the Texas Proposed Formulas,” NABRICO (National Association of Bar Related Insurance Companies) meeting in San Antonio, Texas, 1992
Baranoff, Etti G., "Financial Analysis of the Life Insurance Industry for Regulatory Purposes," excerpts of my dissertation, ARIA meeting presented at the 1992 American and Risk Association Meeting, Washington, D.C., 1992
Baranoff, Etti G., "Causes of Insolvencies of Texas Insurers during the 1980s and 1990," ARIA meeting, Orlando, Florida, 1990
Baranoff, Etti G., and late Nick Williams "Texas' Early Warning System," ARIA meeting in Denver, Colorado, 1989
"Retrospective Review of Medical Necessity and Related Utilization Review Process," March 1993
"Texas Insurance Company Failures in Fiscal Year 1990," April 1991
"Texas Domestic Insurance Company Failures in the 1980s," October 1990
"Medical Professional Liability Insurance in Texas: An Overview," March 1989
"Group Health Benefits in Texas: A Comparative Study," August 1988
"Texas Liability Insurance Closed Claim Survey," (basis for a new law) February 1987
Quoted in
Quoted in Forbes, Washington Post, Bloomberg, Virginia Business, Best’s Review, Chicago Tribune, Virginian-Pilot, New York Times, USA Today, United Press International, Dallas Morning News, Denver Post, the Lexington Herald-Leader (Ken.), the Press-Enterprise (Calif.), the Colorado Springs Gazette, Monterey County Herald (Calif.), the Myrtle Beach Sun News, the Denton Record Chronicle (Tex.) and the Sun Herald (Miss.), AP, and more
Interviews by WRVA, NPR’s Marketplace and Public Radio of Richmond, VA.
Committees, Working Groups, and Membership
Search committee for FIRE Department Chair – 2006-2007
Serving on ARIA program and best JRI article selection committees – 2006 and 2007
Serving on the ARIA committee for the 2004 Les B. Strickler Innovation in Instruction Award
A visiting scholar at the University of Texas at Austin since 2001
A member of the Kulp-Wright book Award Committee for ARIA, 2004
Serving as a blind referee for the Risk Management and Insurance Review, The Journal of Insurance Regulation, and The Journal of Banking and Finance
Serving on the VCU business School Undergraduate Curriculum Committee since 2001
Serving on the VCU Business School Technology committee since 1999 and Global Scholar Committee since 2000
A member of the Kulp-Wright book Award Committee for ARIA, 2000
A member of the Risk Theory Seminar, since 1998
Serving on the selection committee for the 1998 winning article of the Journal of Risk and Insurance, 1999
Serving on the selection committee for the 1997 winning article of the Journal of Insurance Regulation, 1998
Serving on the VCU Business School Undergraduate Curriculum committee, 1997 and 1998. Continuing a second term, 1999
Served on the ARIA committee for the 1997 Les B. Strickler Innovation in Instruction Award, 1997
A member of the Insurance Committee of the Richmond JCC, 1995-1998
A member of the Human Resource Committee of the Richmond JCC, 1995-1998
Served on the VCU Business school scholarship committee, 1997
Served on the VCU Business School’s FIRE Department Salary Committee, 1997
Chaired the Texas Department of Insurance Statistical Data Collection, 1991-1993
Participated in National Association of Insurance Commissioners (NAIC) Research and Development (for financial analysis) Working Group, 1991-1994
Participated in the NAIC Life/Health, Property/Casualty, and Health Organizations Risk Based Capital Working Groups, 1991-1994
Participated in the NAIC Invested Assets Working Group – 1991-1994
Participated in the Texas Workers' Compensation Facility Rating Committee, 1991
By Invitation only to the Enterprise Risk Management (ERM) Symposium at Ohio State University by the Griffith Foundation, 2006 and 2008
2008, 2006, 2004, 1996 and 1995 research round table awards at the International Insurance Seminar.
2005 Distinguished scholar of the VCU Business School
2004 VCU business school competitive summer grant
Invited to present at the 2004 Risk Theory Seminar in NYC and give a seminar at St. Jones University
ARIA’s Les B. Strickler Innovation in Instruction Award, 2001
A Member of the Risk Theory Seminar, the Financial Management Association (FMA), the American Finance Association, the Society of Insurance Research, the American Risk and Insurance Association (ARIA), and the Southern Risk and Insurance Association (SRIA). A former Western Zone Coordinator for the Journal of Insurance Regulation, Insurance Chair for the Austin Jewish Federation, Finance Chair for the Austin Jewish Book Fair, and Education Vice President of the Morrow Street Toastmaster Club. A Recipient of 1990 Spencer Scholarship Award (RIMS), the 1989 Vestal Lemmon Presidential Scholarship at the University of Texas at Austin, and numerous Scholarships from the Gus S. Wortham Trust. A Recipient of special Ph.D. Award from the Texas Department of Insurance. A recipient of the 1995 and 1996, 2004 and 2006 research awards from the International Insurance Society, and 1997, 1998, 2000, 2001, 2002, 2004, 2005, 2006, 2008 and 2009 VCU Business School Research awards.