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2003 Annual Meeting

Meeting Location: Denver, CO
Conference Theme:
Assessing the Risks: Action and Reaction in the Insurance Industry
 
SUNDAY, AUGUST 10
9:00 am - 3:00 pm      Opening Board Meeting
1:00 - 5:00 pm                        Registration and Check In
3:30 - 4:15 pm                        Reception for First Time Attendees
4:30 - 5:30 pm                        3rd John D. Long Symposium on Insurance Ethics
                                    " Ethical Issues in Underwriting Life and Health Insurance"
                                    Moderator: William Rabel, LOMA
1.      Patrick Brockett, Gus Wortham Chair in RMI, University of Texas, Austin
2.      Ross Morton, Executive Vice President Emeritus, RGA Life Re of Canada
 
6:00 - 7:00 pm            Welcome Reception
 
MONDAY, AUGUST 11

7:30 - 8:30 am                        Breakfast
8:00 am - 5:00 pm      Registration

8:45 - 10:15 am      Plenary Session I: " Women and Pensions"
                                    Moderator: Vickie Bajtelsmit, Colorado State University
1.      Anna M. Rappaport, Principal, William M. Mercer
2.      Madelenie d'Ambrosio, Executive Director, TIAA-CREF
3.      M. Cindy Hounsell, Executive Director, WISER
4.      Katie Kaufmanis, Director of Communications, Colorado PERA
5.      Glenn W. Merrick, Esq., Brega and Winters, Divorce Attorney
 
10:15 - 10:30 am        Break
 
10:30 am - 12:00        Concurrent Sessions I
 
Session A: Pension Plans
Moderator:     Mark Power, Iowa State University
 
1.  " Defined Benefit Pension Plan Liabilities and International Asset Allocation"
            Tongxuan Yang - University of Pennsylvania - tongxuan@wharton.upenn.edu

2. " Pension Funding Crisis in China: Application of Dynamic Modeling"
            Weili Lu - California State University Fullerton - wlu@fullerton.edu
            Maijian Qian - California State University Fullerton - mqian@fullerton.edu


3. " Pension Liability Cost, Accesses to Capital Market and Employers' Pension Choices"

            Jennifer Li-Ling Wang - National Chengchi University - jenwang@nccu.edu.tw
            Ching-Fan Chung - Academia Sinica
            Larry Yu-Ren Tzeng - National Taiwan University

4. " Determinants of Firms that Convert to Cash Balance Pension Plans"
            Mark L. Power - Iowa State University - mpower@iastate.edu
            Arnold Cowan - Iowa State University - arnie@iastate.edu

 
Session B: Capital Structure / Asset Allocation
Moderator:     Mike McNamara, Washington State University
 
1. " Determinants of Asset Allocation Dynamics in the Life Insurance Industry"
            Etti G. Baranoff - Virginia Commonwealth University - ebaranof@vcu.edu
            Thomas W. Sager - The University of Texas at Austin

2. " Capital Allocation for Insurance Companies - What Good Is It?"
            Helmut Gründl - Hunboldt-Universität zu Berlin - gruendl@wiwi.hu-berlin.de
            Hato Schmeiser - Hunboldt-Universität zu Berlin - schmeiser@wiwi.hu-berlin.de

3. " Asset Allocation and the Liquidity Premium for Illiquid Annuities"
            S. Browne - Columbia University
            M.A. Milevsky - York University - milevsky@yorku.ca
            T.S. Salisbury - York University
 
Session C:  Efficiency
Moderator:     Gilles Bernier, Laval University
 
1. " X-Efficiency in the Taiwan Life Insurance Industry"
            James C.J. Hao - Tamkang University - cjhao@mail.tku.edu.tw

2. " Productivity, Efficiency, and Likelihood of Takeovers in the US Property-Liability Insurance Industry
            J. David Cummins - University of Pennsylvania - Cummins@wharton.upenn.edu
            Xiaoying Xie - University of Pennsylvania - xiaoying@wharton.upenn.edu

3. " An Intertemporal Analysis of Efficiency Using DEA : The Case of the Canadian Life Insurance Industry Prior to 2000"
            Gilles Bernier - Laval University - gilles.bernier@fsa.ulaval.ca
            Komlan Sedzro - University of Quebec in Montreal
 
Session D: Regulation / Asymmetric Information
Moderator:     Nat Pope, Bradley University
 
1.  " Origin of Legal System and Deterrence: Evidence from 1950 - 2000"
            Michael L. Smith - Ohio State University - smith.142@osu.edu

2. " Stochastic Regulation and the Underwriting Cycle"
            Arthur M.B. Hogan - Office of Thrift Supervision - arthur.hogan@ots.treas.gov
            David Nickerson - Colorado State University - FreddieMac

3. " A Comparison of Regulatory Risk-Based Capital Requirements for Banks and Insurance Companies"
            Michael M. Barth - Georgia Southern University - mbarth@gasou.edu
            William W. Wells - Georgia Southern University

4. " Competitive Advantages and Insurance Pricing: The Impact of Market Deregulation"
            Nat Pope - Bradley University - npope@bradley.edu
            Yu-Luen Ma - Illinois State University - yma@ilstu.edu
 
12:00 - 1:30 pm          President' s Seminar and Luncheon
            Speaker: " Tort Reform and Insurance Markets," Professor Kip Viscusi, Harvard University
 
1:45 - 3:15 am            Plenary Session II: " Market Shocks in the P-C Industry"
                                    Moderator: Joan Lamm-Tennant, GeneralCologne Re
1.      Abbe Bensimon - GeneralCologne  Re
2.      Neil Doherty - Wharton School, University of Pennsylvania
3.      Speaker to be announced
 
3:15 - 3:30 pm            Break
 
3:30 - 5:00 pm            Concurrent Sessions II
 
Session A: Weather
Moderator:     David Russell, California State University, Northridge
 
1. " Hedging Weather Risk: The Design, Pricing, and Applications to Hong Kong Disney"
Jason Jia-Hsing Yeh - Chinese University of Hong Kong - jasonyeh@baf.msmail.cuhk.edu.hk
Ying-Foon Chow - Chinese University of Hong Kong - yfchow@baf.msmail.cuhk.edu.hk

2. " Indifference Pricing of Weather Derivatives"
            Mulong Wang - University of Rhode Island - Wang@uri.edu
            Charles (Chuanhou) Yang - University of Texas - Austin - yangch@mail.utexas.edu

3.  " Credit Risk, Basis Risk, and Weather Hedging"
            Mulong Wang - University of Rhode Island - Wang@uri.edu
            Charles (Chuanhou) Yang - University of Texas - Austin - yangch@mail.utexas.edu

4. " The Transfer of Global Warming Risk to the Capital Markets"
            David T. Russell - California State University, Northridge - david.russell@csun.edu
 
Session B: International Efficiency and Discrete-Time Models
Moderator:     Weili Lu, California State University, Fullerton
 
1. " The Effects of Foreign Ownership on Insurance Company Efficiency: An Application of Data Envelopment Analysis"
            J. David Cummins - University of Pennsylvania - Cummins@wharton.upenn.edu
            David L. Eckles - University of Pennsylvania - deckles@wharton.upenn.edu
            Hongmin Zi - Ewha Womans University - zih@ewha.ac.kr

2. " Study on Efficiency of Financial Convergence with the Advent of Bancassurance in Korea"
            Sechang Jung - Dong-Eui University
            Bong-Joo Lee - Kyung-Hee University
            Soon-Jae Lee - Sejong University - sjlee@sejong.ac.kr

3. " The Discrete-Time Models of Individuals' Consumption, Life Insurance and Investment Decisions"
            Judy Zhu - University of Wisconsin - Madison - yanyunzhu@wisc.edu
 
Session C: Solvency Issues
Moderator:     Gene Lai, Washington State University
 
1. " Predicting Insolvencies of Property-Liability Insurers Using DEA Efficiency Measures"
            Sukho Lee - Temple University - sukho@unix.temple.edu
            Mary A Weiss - Temple University - mweiss@astro.temple.edu

2. " Management Reaction of Property and Liability Insurers in Distress"
            Faith R. Neale - Florida State University - frn9605@cob.fsu.edu 
            Wendy D. Habegger - Florida State University
            Pamela P. Peterson - Florida State University

3.  " Insurance Company Cash Flow Behaviour under Solvency Margin Constraints"
            Stanley Mutenga - University of Salford - S.Mutenmga@salford.ac.uk
            Elias Dinenis - University of Salford - E.Dinenis@city.ac.uk

4. " Solvency, Organizational Structure, and Efficiency of Insurance Industry in China: Pre- and Post-WTO"
            Vivian S.C. Jeng - National Chengchi University - vjeng@nccu.edu.tw
            Gene C. Lai - Washington State University - genelai@wsu.edu

Session D: Insurance Demand
Moderator:     Martin Halek, University of Georgia
 
1. " The Wealth Effect on Demand for Insurance When the Loss is a Function of Wealth"
            Vincent Chang - National Taiwan University - D91723001@ntu.edu.tw
            Larry Y. Tzeng - National Taiwan University - Tzeng@ms.cc.edu.tw

2. " The Demand for Directors and Officers Insurance and Stock Performance"
            George D. Kaltchev - Southern Methodist University - gkaltche@mail.smu.edu

3. " Stock Option Compensation and Corporate Demand for Insurance"
            Li-Ming Han - Chinese University of Hong Kong - han@baf.msmail.cuhk.edu.hk
            Richard MacMinn - Illinois State University - macminn@cheerful.com

4. " Crowd-Out Effects of Social Security on Life Insurance Demand: An Examination of the Health and Retirement Study Data"
            Martin Halek - University of Georgia - mhaledk@uga.edu
 
5:00 - 5:45                  Annual Business Meeting
6:00 pm                       Reception
 
 
TUESDAY, AUGUST 12

7:30 - 8:30 am     Breakfast: Les. B. Strickler Innovation in Instruction Award Presentation

8:45 - 10:15 am   Plenary Session III: " Give Us Some Credit: The Use of Credit Information in Insurance Underwriting and Rating"
                                    Moderator: Diana Lee, NAII
1.      Sam Sorich, President, Association of California Insurance Companies
2.      Michael J. Miller, Principal, EPIC Actuaries LLC
3.      Rob Schneider, Senior Staff Attorney, Consumers Union Southwest Regional Office
4.      C. Wesley Bissett, Vice President of State Relations and State Government Affairs, Independent Insurance Agents and Brokers of America
 
10:15 - 10:30 am        Break
 
10:30 - 12:00 pm        Concurrent Sessions III
 
Session A:  Risk Aversion, Moral Hazard, and Earnings
Moderator:     Tong Yu, University of Rhode Island
 
1. " Prudence and Risk Aversion: An Experimental Investigation"
            Joseph G. Eisenhauer - Canisius College - eisenhauer@canisius.edu

2. " Risk Averse or Loss Averse: The Behavior of UK Personal Investors"
            Stephen Diacon - University of Nottingham - Stephen.diacon@nottingham.ac.uk

3.  " Partial Privatization of Social Security: An Idea that' s Already Arrived?"
            David P. Richardson - Georgia State University - insdpr@langate.gsu.edu

4. " Catastrophic Claim Effect versus Rising Insurance Demand: Evidence from Post-WTC Attack  Earnings Forecast Revisions"
            Tong Yu - University of Rhode Island - tongyu@uri.edu
            Bingxuan Lin - University of Rhode Island - blin@uri.edu
            Xuanjuan Chen - University of Rhode Island - xche9111@postoffice.uri.edu

Session B:  Regulation / Asymmetric Information
Moderator:     Karen Epermanis, University of Mississippi
 
1. " Rethinking Insurance Supervision: Lessons from a European Study of Insurance Company Failure"
            Simon Ashby - Financial Services Authority, UK - simon.ashby@fsa.gov.uk
            Paul Sharma - Financial Services Authority, UK
            William McDonnell - Deloitte and Touche, UK

2. " Informational Cascade in the Insurance Market"
            S. Hun Seog - Graduate School of Management, KAIST - seogsh@kgsm.kaist.ac.kr 

3.  " The Design of Asymmetric Information Contracts for Public Sector Projects with Private Sector Participation"
            Renato E. Reside, Jr. - University of the Philippines - renato_reside@hotmail.com

4. " Claim Expense Costs for Property-Liability Insurers"
            Karen Epermanis - University of Mississippi - kepermanis@bus.olemiss.edu
            Kathleen A. McCullough - Florida State University -  kmccullo@cob.fsu.edu
 
Session C: Actuarial / Financial Performance
Moderator:     David Sommer, University of Georgia
 
1. " Financial Scenario Generator Project"
            Kevin C. Ahlgrim - Bradley University - kahlgrim@bradley.edu
            Stephen P. D' Arcy - University of Illinois - s-darcy@uiuc.edu
            Richard W. Gorvett - Zurich North America

2. " Does Product Diversification Lead to Better Financial Performance for Insurers?"
            B. Elango - Illinois State University - elango@ilstu.edu
            Yu-Luen Ma - Illinois State University - yma@ilstu.edu

3. " Policy Limit and the Law of Large Numbers"
            Rachel Huang - Ming Chuan University - Rachelhuang.tw@yahoo.com.tw
            Larry Y. Tzeng - National Taiwan University - Tzeng@ms.cc.ntu.edu.tw
            C.C. Wang - National Sun Yat-sen University - Chauwang@athena.iut.nsysu.edu.tw

4. " Determinants and Effects of Changes in Line of Business Concentration for Property-Casualty Insurers"
            Andre P. Liebenberg - University of Georgia - alieben@terry.uga.edu
            David W. Sommer - University of Georgia - dsommer@terry.uga.edu
 
Session D: International Issues / Foreign Markets
Moderator:     Cassandra Cole, Florida State University
 
1. " The Determinants of U.S. Involvement in Foreign Markets"
            Cassandra R. Cole - Florida State University - ccole@cob.fsu.edu
            Ryan B. Lee - University of Calgary - ryan.lee@haskayne.ucalgary.ca
            Kathleen A. McCullough - Florida State University - kmccullo@cob.fsu.edu

2. " The Elasticity of Insurance Premium Revenue vs. GDP: What is the Future Potentiality of the Asian Insurance Market?"
            Ziyou Yu - Department of Lingnan University - lngpzzyu@ln.edu.hk

3. " Cost Economies of Non-Life Insurance Companies in Ireland"
            Tienyu Hwang - tienyuh@yahoo.co.uk

4.  " Risk Classification and Cream Skimming on the Deregulated German Insurance Market"
            Patrick F.E. Beschorner - University of Wuersburg - p.beschorner@mail.uni-wuerzburg.de
 
12:15 - 2:00 pm          Past President' s Luncheon
 
2:15 - 3:45 pm                        Concurrent Sessions IV
 
Session A: Agency Theory and Insurance Pricing
Moderator:     Dana Kerr, St. Mary' s University
 
1. " Ownership Structure, Efficiency, and Long-Term Performance: Life Insurer Demutualization in U.S."
            Vivian Jeng - National Cheng-Chi University, Taiwan
            Gene C. Lai - Washington State University - genelai@wsu.edu
            Michael McNamara - Washington State University

2. " Flight Insurance Pricing"
            Xiaodong Zhu - University of Toronto
            Ambrus Kecskes - University of Toronto - ambrus@gmx.net

3.  " Agency Theory, the Managerial Discretion Hypothesis, and Insurance Company Litigation Strategy"
            Dana A. Kerr - St. Mary' s University - dana_kerr@msn.com
 
Session B: Capital Structure / Asset Allocation
Moderator:     Steven Pottier, University of Georgia
 
1.  " The Impact of Firm Franchise Value on Asset Allocation: An Analysis of Property-Liability Insurance Firms"
            Tong Yu - University of Rhode Island - tongyu@uri.edu
            Bingxuan Lin - University of Rhode Island - blin@uri.edu
            Henry R. Oppenheimer - University of Rhode Island - henryo@uriacc.uri.edu

2. " Integrating Life Insurance Needs Analysis with Retirement and College Savings Planning"
            Jerry D. Todd - St. Mary' s University - jtodd@stmarytx.edu

3. " Estimating the Cost of Insurance Company Equity with the Rubinstein-Leland Model"
            Min-Ming Wen - University of Connecticut - Wen@sba.uconn.edu
            Thomas O' Brien - University of Connecticut - thomas.obrien@uconn.edu
            James Bridgeman - University of Connecticut - Bridgeman@math.uconn.edu

4. " The Determinants of Private Debt Holdings: Evidence from the Life Insurance Industry"
            Steven Pottier - University of Georgia - spottier@terry.uga.edu
 
Session C: Hedging
Moderator:     Jennifer Wang, National Chengchi University
 
1.  " Hedging Enterprise Risk in the Insurance Industry"
            Tao Zhang - The University of Mississippi
            Larry A. Cox - The University of Mississippi - lcox@bus.olemiss.edu

2. " Hedging with Vulnerable Contracts"
            J. David Cummins - University of Pennsylvania - Cummins@wharton.upenn.edu
            Olivier Mahul - INRA, Department of Economics - mahul@roazhon.inra.fr

3. " Linear versus Nonlinear Derivative Use by Insurance Companies"
            Edwin H. Duett - Mississippi State University - eduett@cobilan.msstate.edu

4. " Hedging Longevity Risk in Life Insurance Companies"
            Jennifer L. Wang - National Chengchi University - jenwang@nccu.edu.tw
            Mary L.Y. Yang - National Chengchi University
 
Session D: Insurance Markets, Capital Structure, and Curriculum
Moderator:     William Ferguson, University of Louisiana at Lafayette
 
1. " The Role of Internal Capital Markets in Financial Intermediaries: Evidence from Insurer Groups"
            Lawrence S. Powell - University of Arkansas - lspowell@ualr.edu
            David W. Sommer - University of Georgia - dsommer@terry.uga.edu

2. " Oligopoly in Insurance Markets"
            Michael Sonnenholzner - University of Erlangen-Nuernberg
            Achim Wambach - University of Erlangen-Nuernberg - achim.wambach@wiso.uni-erlangen.de

3.  " Bases of Competence: An Examination of RMI Curriculum in Light of Skills and Knowledge Sought by Employer Employers"
            Mary Ann Boose - Indiana State University - isboose@isugw.indstate.edu
            Steven Pahl - Indiana State University

4. " Reputation, Ratings and Insurer Strategic Competitive Positioning"
            William L. Ferguson - University of Louisiana at Lafayette - ferguson@louisiana.edu
            Tamela D. Ferguson - University of Louisiana at Lafayette - tferguson@louisiana.edu
 
3:45 - 4:00 pm     Break
 
4:00 - 5:15 pm     Concurrent Sessions V
 
Session A: Health Insurance
Moderator:     Jeff Brown, University of Illinois and NBER
 
1.  " The Effect of the Quality of Health Care on the Demand for Health Insurance"
            Yu Lei - University of Wisconsin - Madison - ylei@bus.wisc.edu

2. " Predictability of Health Care Expenses, and Its Impact on Current Health Insurance Reform Options"
            Monica Brenner - Actuarial Research Corporation - mvd@aresearch.com
            James W. Mays - Actuarial Research Corporation

3. " Flexible Spending Accounts and Health Insurance"
            James H. Cardon - Brigham Young University - james_cardon@byu.edu
            Mark H. Showalter - Brigham Young University

4. " Why is the Market for Private Long-Term Care Insurance so Small?"
            Jeffrey R. Brown - University of Illinois - NBER - brownjr@uiuc.edu
            Amy Finkelstein - Harvard University - NBER
 
Session B: Insurance Distribution, Auto Insurance, and Safety
Moderator:     Kathleen McCullough, Florida State University
 
1.  " Aging Population and Safer Roads: Can We Have Both?"
            Mary Kelly - Wilfrid Laurier University - mkelly@wlu.ca
            Norma Nielson - University of Calgary - norma.nielson@haskayne.ucalgary.ca

2. " Distribution of Personal Insurance: A Canadian Perspective"
            Mary Kelly - Wilfrid Laurier University - mkelly@wlu.ca
            Anne Kleffner - University of Calgary - Kleffner@ucalgary.ca

3. " The Impact of Choice No-Fault Legislation on Automobile Insurance Rates"
            Cassandra R. Cole - Florida State University - ccole@cob.fsu.edu
            Kevin L. Eastman - Florida State University - keastma@cob.fsu.edu
            Patrick F. Maroney - Florida State University - pmarone@cob.fsu.edu
            Kathleen A. McCullough - Florida State University - kmccullo@cob.fsu.edu
 
Session C: Catastrophes and Insurance Fraud
Moderator:     Andreas Richter, Illinois State University
 
1. " The Impact of Insurance Fraud Detection Systems"
            Jörg Schiller - University of Hamburg - schiller@econ.uni-hamburg.de

2.  " The Contagious CAT Effect in Pacific-Asia Countries"
            Mulong Wang - University of Rhode Island - Wang@uri.edu
            Min-Ming Wen - University of Connecticut - wen@sba.uconn.edu
            Chuanhou Yang - University of Texas - Austin - yangch@mail.utexas.edu

3. " Catastrophe Risk Management-Implications of Default Risk and Basis Risk"
            Andreas Richter - Illinois State University - arichter@ilstu.edu
 
WEDNESDAY, AUGUST 13

7:30 - 8:30 am                        Breakfast; and Journal Editors Breakfast
 
8:45 - 10:15 am                      Concurrent Sessions VI
 
Session A: Securitization / Insurance Finance
Moderator:     Andre P. Liebenberg, University of Georgia
 
1. " Securitization of Mortality Risks in Life Annuities"
            Yijia Lin - Georgia State University - insyllx@langate.gsu.edu
            Samuel H. Cox - Georgia State University - samcox@gsu.edu

2.  " Analysis of Embedded Options in Individual Pension Schemes in Germany"
            Jochen Russ - Institute for Finance and Actuarial Science - j.russ@ifa-ulm.de
            Hato Schmeiser - Hunboldt-Universität zu Berlin - schmeiser@wiwi.hu-berlin.de

3. " Creating Competitive Advantage of Market Entry by Linking History and Presence: A Case Study of AIG in China"
            Wei He - Indiana State University - mfhe@isugw.indstate.edu
 
Session B: Adverse Selection / Genetic Testing
Moderator:     Krupa Viswanathan, Temple University
 
1. " Competitive Insurance Market Equilibrium with Adverse Selection and Bankruptcy Shields"
            Bum J. Kim - The University of Alabama - bkim@cba.ua.edu
            Harris Schlesinger - The University of Alabama - hschlesi@cba.ua.edu

2. " Genetic Testing and Adverse Selection"
            Richard D. MacMinn - Illinois State University - macminn@cheerful.com
            Patrick L. Brockett - University of Texas - brockett@uts.cc.utexas.edu

3.  " Impact of Genetic Testing on Consumer Welfare in Life Insurance Markets: The Case of Huntington' s Disease"
            Michael Hoy - University of Guelph - mhoy@uoguelph.ca

4. " Adverse Selection in Term Life Insurance Purchasing due to the BRCA Genetic Test and Elastic Demand"
            Krupa S. Viswanathan - Temple University - krupa.viswanathan@temple.edu
            Jean Lemaire - University of Pennsylvania - lemaire@wharton.upenn.edu

 
Session C: Insurance Finance & Accounting Issues
Moderator:     Yu-Luen Ma, Illinois State University
 
1. " Earnings Relevance, Board Composition and Equity Ownership by Management: Evidence from Insurance Industry"
            Enya (Min) He - University of Georgia - enyahe@arches.uga.edu

2. " Equity Investment Styles of Life Insurance Companies"
            Raja Bouzouita - Central Missouri State University - bousouita@cmsu1.cmsu.edu
            Arthur J. Young - Central Missouri State University

3. " Reserve Errors and Stock Options"
            Mark J. Browne - University of Wisconsin - Madison - mbrowne@bus.wisc.edu
            Yu-Luen Ma - Illinois State University - yma@ilstu.edu
            Ping Wang - University of Wisconsin - Madison - pwang4@students.wisc.edu
 
Session D: Insurance Markets and Capital Structure
Moderator:     Patty Born, California State University, Northridge
 
1.  " The Impact of Guaranty Funds on Shareholders' Risk/Return Tradeoff"
            Charles Nyce - University of Georgia - cnyce@terry.uga.edu
            David W. Sommer - University of Georgia - dsommer@terry.uga.edu

2. " Does a Reputation for Sustainability Reduce a Firm' s Risk During Market Wide Catastrophes”
            Stephanie Bertels  - University of Calgary  - Stephanie.Bertels@haskayne.ucalgary.edu
            Anne E. Kleffner  - University of Calgary  - Anne.Kleffner@haskayne.ucalgary.edu
            Michael Robinson  - University of Calgary  - Michael.Robinson@haskayne.ucalgary.edu

3. " Equity Risk Premium: Expectations Great and Small"
            Richard Derrig  - Automobile Insurers Bureau of Massachusetts - Richard@aib.org
            Elisha D. Orr  - Automobile Insurers Bureau of Massachusetts - eorr@aib.org

4. " Do Risk Transfers Reduce Performance Volatility? Evidence from the Managed Care Industry"
            Patricia Born - California State University, Northridge - patricia.born@csun.edu 
            G. Michael Phillips - California State University, Northridge
 
10:15 - 10:30 am        Break
 
10:30 am - 12:00        Concurrent Sessions VII
 
Session A: Property-Casualty Insurance
Moderator:     Lisa Posey, Penn State University
 
1. " The Current Medical Malpractice Crisis: An Analysis of Macroeconomic Factors"
            Jan Ambrose - LaSalle University - ambrose@lasalle.edu
            Anne Carroll - Rider University - carroll@rider.edu

2.  " New Evidence on Systematic Risk Differences Across Different Line of Property-Liability Insurance"
            J. David Cummins - University of Pennsylvania - cummins@wharton.upenn.edu
            Richard D. Phillips -   Georgia State University - rphillips@gsu.edu

3. " Underwriting Costs and Quote Rationing in the Market for Commercial Insurance Accounts"
            Lisa L. Posey - Penn State University - llp3@psu.edu
            Abdullah Yavas - Penn State University
 
Session B: Insurance Claims and Coverage Issues
Moderator:     Ryan Lee, University of Calgary
 
1. " Insurance Coverage Disclosure Laws and Their Impact on Insurance Costs"
            Robert E. Hoyt - University of Georgia - rhoyt@terry.uga.edu
            Charles A. Lankau - University of Georgia

2. " The Timing and Settlement of Insured Claims"
            Martin F. Grace - Georgia State University - mgrace@gsu.edu

3.  " Modeling Hidden Exposures in Claim Severity via the EM Algorithm"
            Grzegorz A. Rempala - University of Louisville - grzes@louisville.edu
             Richard A. Derrig - Automobile Insurers Bureau of Massachusetts

4. " Is the 'One-Time Charge' Really Trivial? - Evidence from the Insurance Industry"
            Mulong Wang - University of Rhode Island - Wang@uri.edu
            Chuanhou Yang - University of Texas - Austin - yangch@mail.utexas.edu
            Hong Zou - Cardiff University - zouh2@cf.ac.uk
 
Session C: Retirement and Insurance Planning
Moderator:     Randy Dumm, Florida State University
 
1. " Life-Annuity Insurance Versus Self-Annuitization: An Analysis from the Perspective of Potential Heirs"
            Hato Schmeiser - Hunboldt-Universität zu Berlin - schmeiser@wiwi.hu-berlin.de
            Thomas Post - Hunboldt-Universität zu Berlin

2. " Independent Agency Distribution of Mutual Funds: An Examination of No-Transaction-Fee Supermarkets"
            Conrad S. Ciccotello - Georgia State University - cciccotello@gsu.edu
            Jason T. Greene - Georgia State University - jgreene7@gsu.edu
            Lori S. Walsh - Securities and Exchange Commission

3. " Determinants of Single Premium Deferred Annuity Surrender Values"
            James M. Carson - Florida State University - jcarson@cob.fsu.edu
            Randy E. Dumm - Florida State University - rdumm@cob.fsu.edu
 
12:30 - 2:00 pm          Closing Board Meeting
 

Members of the 2003 Program Committee
 
Plenary session moderators and organizers:
            Vickie Bajtelsmit, Colorado State University
            Joan Lamm-Tennant, GeneralCologne Re
            Diana Lee, National Association of Independent Insurers
            Bill Rabel, Life Office Management Association
 
Proposal Reviewers
Kevin Ahlgrim, Illinois State University
Steve Avila, Ball State University
Raja Bouzouita, Central Missouri State University
Patti Born, University of California, Northridge
Cassandra Cole, Florida State University
Randy Dumm, Florida State University
Alan Eastman, Indiana University of Pennsylvania
Karl Ennsfellner, Institut fur Versicherungswirtschaft
William Ferguson, University of Louisiana, Lafayette
Lisa Gardner, Bradley University
Martin Halek, University of Georgia
Joe Haley, St. Cloud State University
Yu Luen Ma, Illinois State University
Dave Marlett, Appalachian State University
Kathleen McCullough, Florida State University
Steven Pottier, University of Georgia
David Richardson, Georgia State University
David Russell, University of California, Northridge
Nicos Scordis, St. John’s University
Steve Weisbart, TIAA-CREF
Tong Yu, University of Rhode Island
Emily Zietz, Middle Tennessee State University 
 
Program Chair
James Carson, Florida State University

 

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