b"Curriculum Vitae\nScott E. Harrington\nAlan B. Miller Professor\nHealth Care Management\nand Insurance and Risk Management\nWharton School, University of Pennsylvania\n206 Colonial Penn Center\n3641 Locust Walk\nPhiladelphia, PA 19104-6218\n\nTelephone: (215) 898-9403\n(610) 525-3352\nFax: (610) 525-3353\nE-mail: harring@wharton.upenn.edu\nWebsite: www.scottharrington.phd.com\n\nPersonal: born January 21, 1953, Rock Falls, Illinois; married Marcia Eickenberg, 1975; 2 children\nEducation: A.B., Economics, University of Illinois at Urbana-Champaign, 1975 (summa cum laude; Phi\nBeta Kappa); M.S., Finance, University of Illinois at Urbana-Champaign, 1976; Ph.D., Finance,\nUniversity of Illinois at Urbana-Champaign, 1979\nPrior Academic Positions: University of South Carolina, The Moore School of Business, Professor of\nInsurance and Finance, 1988-2004, W. Frank Hipp Professor of Insurance, 2002-2004, Francis M. Hipp\nDistinguished Foundation Fellow, 1990-2002; The Wharton School, University of Pennsylvania, 19781988, Lecturer in Insurance, 1978-1979, Assistant Professor of Insurance, 1979-1985, Associate\nProfessor of Insurance (with tenure), 1985-1988\nOther Affiliations: Adjunct Scholar, American Enterprise Institute; Senior Fellow, Leonard David\nInstitute for Health Economics; Research Fellow, Wharton Risk and Decision Processes Center\nResearch Interests: Health economics and insurance; corporate, health care, and insurance company\nfinance; insurance economics and regulation; insurance contract design and interpretation\nTeaching\nUndergraduate: The U.S. Health Care System (Wharton), Risk Management (Wharton and South\nCarolina), Principles of Risk Management and Insurance (Wharton and South Carolina), PropertyLiability Insurance and Insurer Management (Wharton and South Carolina), Life-Health Insurance\nand Insurer Management (Wharton), Introduction to Finance (South Carolina),\nMasters: Financial Management of Health Care Institutions (Wharton), Risk Management (South\nCarolina), Money and Capital Markets (South Carolina), Risk and Insurance (Wharton)\nDoctoral: Proseminar on Health Services Research (Wharton); Current Issues in Finance (South\nCarolina), Empirical Methods in Financial Research (South Carolina), Insurance Economics\n(Wharton; independent study at South Carolina); Moore School of Business Finance Doctoral\nProgram Coordinator, 2001-2004\nExecutive: AXA (Wharton), Prudential Financial (Wharton), XL Capital / China Insurance Regulatory\nCommission (Wharton); KPMG Insurance (Wharton), Insurance Company Finance (South\nCarolina);\nHonors and Awards\nAlan B. Miller Professor (endowed chair), 2005-present\nW. Frank Hipp Professor of Insurance (endowed chair), 2002-2004\nFrancis M. Hipp Distinguished Foundation Fellow, University of South Carolina, 1990-2002\nShin Award for Research Excellence (paper award), International Insurance Society Meeting, 2001.\nSpencer L. Kimball Award for article in Journal of Insurance Regulation, 1999\nMoore School of Business Distinguished Researcher Award, 1998\n\n12/4/2010\n\n\x0cRobert I. Mehr Award, 1998, from the American Risk and Insurance Association for Journal of Risk and\nInsurance article published in 1988 with the greatest ten-year impact in the field of risk and\ninsurance\nAlpha Kappa Psi - Spangler Award, 1996, from the American Risk and Insurance Association for Journal\nof Risk and Insurance article published in 1986 with the greatest ten-year impact (award shared with\nanother article)\nRobert C. Witt Research Award, 1996, for best article in the 1995 volume of the Journal of Risk and\nInsurance\nAlpha Kappa Psi - Spangler Award, 1995, from the American Risk and Insurance Association for Journal\nof Risk and Insurance article published in 1985 with the greatest ten-year impact (award shared with\nanother article)\nPresident, Risk Theory Society, 1992\nPresident, American Risk and Insurance Association, 1992\nCollege of Business Administration Research Fellow, University of South Carolina, Fall 1992, Fall 1989\nInternational Insurance Society Research Paper Award, 1992\nInsurance Educator of the Year, 1990, Professional Insurance Agents Foundation\nRanked most productive scholar in risk management and insurance based on total pages published\nweighted by number of authors and journal impact (study appeared in Journal of Risk and Insurance,\n1990)\nJournal of Risk and Insurance Award for one of top three articles in 1986\nHonorary Master of Arts, University of Pennsylvania, 1985\nJournal of Risk and Insurance Award for one of top three articles in 1985\nSecond Prize, Actuarial Studies in Non-Life Insurance International Competition for Young Researchers,\n1985\nJournal of Risk and Insurance Award for one of top three articles in 1981\nPaul Van Arsdell Award, Outstanding Undergrad. Teaching, Finance Department, University of Illinois,\n1978\nState Farm Companies Doctoral Dissertation Award, 1977\nUniversity of Illinois Bronze Tablet for academic excellence, Phi Beta Kappa, Phi Kappa Phi, 1974-1975\nValedictorian, Rock Falls High School, Rock Falls, Ill., 1971\nRefereed Journal Articles\nWith Guy David, Population Density and Racial Differences in the Performance of Emergency Medical\nServices, Journal of Health Economics 29 (July 2010): 603-615.\nWith Patricia Danzon and Andrew Epstein, \xe2\x80\x98Crises\xe2\x80\x99 in Medical Malpractice Insurance: Evidence of\nExcessive Price-cutting in the Preceding Soft Market, Journal of Banking and Finance 32 (January\n2008): 157-169.\nWith David Shrider, All Events Induce Variance: Analyzing Abnormal Returns When Effects Vary\nAcross Firms, Journal of Financial and Quantitative Analysis, 41 (March 2007): 229-256.\nWith Karen Epermanis, Market Discipline in Property/Casualty Insurance: Evidence from Premium\nGrowth Surrounding Changes in Financial Strength Ratings, Journal of Money, Credit and Banking\n38 (September 2006): 1515-1544.\nTong Yu, Do Property/Casualty Insurance Underwriting Margins Have Unit Roots? Journal of Risk and\nInsurance 70 (December 2003): 715-734.\nWith Greg Niehaus, Capital, Corporate Income Taxes, and Catastrophe Insurance, Journal of Financial\nIntermediation 12 (October 2003): 365-389.\nWith Greg Niehaus, Capital Structure Decisions in the Insurance Industry: Stocks versus Mutuals,\nJournal of Financial Services Research 21 (February 2002): 145-163.\nWith Patricia Danzon, Workers\xe2\x80\x99 Compensation Rate Regulation: How Price Controls Increase Costs,\xe2\x80\x9d\nJournal of Law and Economics 44 (April 2001): 1-36.\nWith Greg Niehaus, Government Insurance, Tax Policy, and the Availability and Affordability of\nCatastrophe Insurance, Journal of Insurance Regulation 19 (Summer 2001): 591-612.\n\n2\n\n\x0cWith Patricia Danzon, Rate Regulation, Safety Incentives, and Loss Growth in Workers\xe2\x80\x99 Compensation\nInsurance, Journal of Business 73 (October 2000): 569-595.\nWith Greg Niehaus, Basis Risk with PCS Catastrophe Insurance Derivative Contracts, Journal of Risk\nand Insurance, 66 (March 1999): 49-82.\nWith Greg Niehaus, Race, Redlining, and Automobile Insurance Prices, Journal of Business, 71 (July\n1998): 433-469.\nWith Martin Grace and Robert Klein, Risk-Based Capital and Solvency Screening in Property-Liability\nInsurance: Hypotheses and Empirical Tests, Journal of Risk and Insurance, 65 (June 1998): 213243.\nWith Martin Grace and Robert Klein, Identifying Troubled Life Insurers: An Analysis of the NAIC\nFAST System, Journal of Insurance Regulation, 16 (Spring 1998): 249-290.\nWith Julie Cagle, Insurance Supply with Capacity Constraints and Endogenous Insolvency Risk, Journal\nof Risk and Uncertainty, 11 (December 1995): 219-232.\nWith Steven Mann and Greg Niehaus, Insurer Capital Structure Decisions and the Viability of Insurance\nDerivatives, Journal of Risk and Insurance, 62 (September 1995): 482-508.\nWith J. David Cummins and Robert W. Klein, Insolvency Experience, Risk-Based Capital, and Prompt\nCorrective Action in Property-Liability Insurance, Journal of Banking and Finance, 19 (June 1995):\n511-528.\nWith Patricia Danzon, Price Cutting in Liability Insurance Markets, Journal of Business, 67 (October\n1994): 511-538.\nState Decisions to Limit Tort Liability: An Empirical Analysis of No-Fault Automobile Insurance Laws,\nJournal of Risk and Insurance, 61 (June 1994): 276-294.\nWith Helen Doerpinghaus, The Economics and Politics of Automobile Insurance Rate Classification,\nJournal of Risk and Insurance, 60 (March 1993): 59-84.\nWith J. David Cummins and Greg Niehaus, An Economic Overview of Risk-Based Capital Requirements\nfor the Property-Liability Insurance Industry, Journal of Insurance Regulation 11 (Summer 1993):\n427-447.\nWith Greg Niehaus, Dealing with Insurance Availability and Affordability Problems in Inner Cities: An\nAnalysis of the California Proposal, Journal of Insurance Regulation, 10 (Summer 1992): 564-584.\nAuto Insurance in Michigan: Regulation, No-Fault, and Affordability, Journal of Insurance Regulation, 8\n(Winter 1991): 144-183.\nWith S. Travis Pritchett, Automobile Insurance Reform in South Carolina, Journal of Insurance\nRegulation, 9 (June 1990): 422-445.\nThe Relationship Between Voluntary and Involuntary Market Rates and Rate Regulation in Automobile\nInsurance, Journal of Risk and Insurance, 57 (March 1990): 9-27.\nWith J. David Cummins, The Relationship Between Risk and Return: Evidence for Property-Liability\nInsurance Stocks, Journal of Risk and Insurance, 55 (March 1988): 15-31.\nWith Robert E. Litan, Causes of the Liability Insurance Crisis, Science, 239 (February 12, 1988): 737741.\nA Note on the Impact of Auto Insurance Rate Regulation, Review of Economics and Statistics, 69\n(February 1987): 166-170.\nWith J. David Cummins, The Impact of Rate Regulation on Property-Liability Insurance Loss Ratios: A\nCross-Sectional Analysis with Individual Firm Data, Geneva Papers on Risk and Insurance, 12\n(January 1987): 50-62.\nWith Jack Nelson, A Regression-Based Methodology for Solvency Surveillance in the Property-Liability\nInsurance Industry, Journal of Risk and Insurance, 53 (December 1986): 583-605.\nEstimation and Testing for Functional Form in Pure Premium Regression Models, ASTIN (Actuarial\nStudies in Non-Life Insurance) Bulletin, 16, Supplement (April 1986): S31-S43.\nWith J. David Cummins, Property-Liability Insurance Rate Regulation: Estimation of Underwriting Betas\nUsing Quarterly Profit Data, Journal of Risk and Insurance, 52 (March 1985): 16-43.\nThe Impact of Rate Regulation on Prices and Underwriting Results in the Property-Liability Insurance\nIndustry: A Survey, Journal of Risk and Insurance, 51 (December 1984): 577-623.\n\n3\n\n\x0cThe Impact of Rate Regulation on Automobile Insurance Loss Ratios: Some New Empirical Evidence,\nJournal of Insurance Regulation, 3 (December 1984): 182-202.\nThe Relationship Between Risk and Return: Evidence for Life Insurance Stocks, Journal of Risk and\nInsurance, 50 (December 1983): 587-610.\nNew York Regulation of General Agency Expense Allowances, Journal of Risk and Insurance, 49\n(December 1982): 564-582.\nOperating Expenses for Agency and Nonagency Life Insurers: Further Evidence, Journal of Risk and\nInsurance, 49 (June 1982): 229-255.\nStock Life Insurer Shareholder Dividend Policy and Holding Company Affiliation, Journal of Risk and\nInsurance, 48 (December 1981): 550-576.\nOther Articles\nU.S. Health Care Reform: The Patient Protection and Affordable Care Act, Journal of Risk and\nInsurance, in press.\nCost of Capital for Pharmaceutical, Biotechnology, and Medical Device Firms, in Patricia Danzon and\nSean Nicholson, eds., The Handbook of the Economics of the Biopharmaceutical Industry (Oxford\nUniversity Press, in press).\nThe Health Insurance Reform Debate, Journal of Risk and Insurance 77 (March 2010): 5-38. (Invited\narticle. Earlier version distributed as American Enterprise Institute Working Paper No. 161,\nDecember 2009).\nThe Financial Crisis, Systematic Risk, and the Future of Insurance Regulation, Journal of Risk and\nInsurance 76 (December 2009): 785-819. (Invited article. Earlier version published as a NAMIC\nIssue Brief, September 2009).\nFacilitating and Safeguarding Regulation of Private Health Insurance in Advanced Market Economies, in\nPrivate Voluntary Health Insurance In Development: Friend or Foe, Alexander Preker, Richard\nScheffler, and Mark Bassett, eds. (The World Bank, 2006).\nRethinking Disaster Policy After Hurricane Katrina, in On Risk and Disaster: Lessons from Hurricane\nKatrina Ronald Daniels, Donald Kettl, and Howard Kunreuther, eds. (University of Pennsylvania\nPress, 2006).\nTort Liability, Insurance Rates, and the Insurance Cycle, Brookings-Wharton Papers on Financial\nServices: 2004, Richard Herring and Robert Litan, eds. (Brookings Institution Press, 2004).\nMarket Discipline in Insurance and Reinsurance, in Market Discipline: The Evidence Across Countries\nand Industries, C. Borio, et al., eds. (MIT Press, 2004).\nCapital Adequacy in Insurance and Reinsurance, in Capital Adequacy Beyond Basel: Banking,\nSecurities, and Insurance, Hal Scott, ed. (Oxford University Press, 2004).\nEffects of Prior Approval Regulation in Automobile Insurance, in J. David Cummins, ed., Deregulating\nProperty-Liability Insurance (Washington, D.C.: AEI-Brookings Joint Center for Regulatory\nStudies, 2002).\nWith Greg Niehaus, Enterprise Risk Management: The Case of United Grain Growers, Journal of\nApplied Corporate Finance 14 (Winter 2002): 71-80.\nWith Tom Miller, Competitive Markets for Individual Health Insurance (invited article), Health Affairs \xe2\x80\x93\nWeb Exclusive, October 23, 2002: W359-W362.\nRepairing Insurance Markets, Regulation: Cato Review of Business and Government, 25th Anniversary\nIssue 25 (Summer 2002).\nInsurance Rate Regulation in the 20th Century (invited article), Journal of Insurance Regulation,\nMillennium Issue 19 (Winter 2000): 204-218..\nRethinking Disaster Policy, Regulation: Cato Review of Business and Government 23, 1 (Spring 2000):\n40-46.\nAn Historical Overview of Federal Involvement in Insurance Regulation, Peter Wallison, ed., Optional\nFederal Chartering of Insurance (Washington, D.C.: American Enterprise Institute, 2000).\nWith Greg Niehaus, Volatility and Underwriting Cycles, in The Handbook of Insurance, Georges Dionne,\ned. (Boston, Mass.: Kluwer Academic, 2000).\n\n4\n\n\x0cWith Patricia Danzon, The Economics of Liability Insurance, in The Handbook of Insurance, Georges\nDionne, ed. (Boston, Mass.: Kluwer Academic, 2000).\nWith Greg Niehaus, Race and Availability / Affordability Problems in Urban Automobile Insurance\nMarkets, in Alternative Approaches to Insurance Regulation, Robert Klein, ed. (Kansas City, Mo.:\nNational Association of Insurance Commissioners, 1998).\nInsurance Derivatives, Tax Policy, and the Future of the Insurance Industry (invited paper), Journal of\nRisk and Insurance , 64 (December 1997): 719-725.\nWith J. David Cummins and Greg Niehaus, Risk-Based Capital Requirements for Property-Liability\nInsurers: A Financial Analysis, in The Financial Dynamics of the Insurance Industry, Edward I.\nAltman and Irwin T. Vanderhoof, eds. (New York: New York University Salomon Center, 1995).\nTaxing Low Income Households in Pursuit of the Public Interest: The Case of Compulsory Automobile\nInsurance, in Insurance, Risk Management, and Public Policy, Sandra Gustavson and Scott\nHarrington, eds. (Boston, Mass.: Kluwer Academic, 1994).\nThe Solvency of the Insurance Industry, in Proceedings of the 28th Annual Conference on Bank Structure\nand Competition, Herbert Baer and Douglas Evanoff, eds. (Chicago, Ill.: Federal Reserve Bank of\nChicago, 1992).\nWith Greg Niehaus, Policyholder Runs, Contagion, and Life Insurer Insolvency Risk: Hypotheses and\nPreliminary Evidence, Proceedings of the 1992 Meeting of the International Insurance Society,\n1992.\nPublic Policy and Property-Liability Insurance, The Regulation and Financial Condition of Insurance\nCompanies, Richard Kopke, ed. (Boston: Federal Reserve Bank of Boston, 1992).\nWith Patricia Danzon, The Demand for and Supply of Liability Insurance, in Contributions to Insurance\nEconomics, Georges Dionne, ed. (Boston, Mass.: Kluwer, 1992): 564-584.\nPolicyholder Runs, Life Insurance Company Failures, and Insurance Solvency Regulation, Regulation:\nCato Review of Business and Government 15 (Spring 1992): 27-37.\nRate Suppression (Presidential Address), Journal of Risk and Insurance, 59 (June 1992): 185-202.\nShould the Feds Regulate Insurance? Regulation: Cato Review of Business and Government 14 (Spring\n1991): 53-61.\nWith J. David Cummins and Robert Klein, Cycles and Crises in Property/Casualty Insurance: A\nBackground Discussion and Summary and Policy Implications, in Cycles and Crises in PropertyLiability Insurance: Causes and Implications for Public Policy, J. David Cummins, Scott\nHarrington, and Robert Klein, eds. (Kansas City, Mo.: National Association of Insurance\nCommissioners, 1991); edited version reprinted in Journal of Insurance Regulation, 10 (Fall 1991):\n50-93.\nWith Patricia Danzon, Price-Cutting in Liability Insurance Markets, in Cycles and Crises in PropertyLiability Insurance: Causes and Implications for Public Policy, J. David Cummins, Scott\nHarrington, and Robert Klein, eds. (Kansas City, Mo.: National Association of Insurance\nCommissioners, 1991).\nWith Georges Dionne, An Introduction to Insurance Economics, in Foundations of Insurance Economics:\nReadings in Economics and Finance, Georges Dionne and Scott Harrington, eds. (Boston, Mass:\nKluwer Academic, 1991).\nLiability Insurance: Volatility in Prices and in the Availability of Coverage, in Tort Law and the Public\nInterest, Peter Schuck, ed. (New York, N.Y.: W.W. Norton, 1990).\nA Retrospective on the Liability Insurance Crisis, CPCU Journal, 43 (March 1990): 17-28.\nWith Jack Van Derhei, Pension Plan Asset Reversions, Trends in Pensions, John Turner and Daniel\nBeller, eds. (Washington, D.C.: U.S. Government Printing Office, 1989).\nPrices and Profits in the Liability Insurance Market, in Liability: Policy and Perspectives, Robert Litan\nand Clifford Winston, eds. (Washington, D.C.: The Brookings Institution, 1988).\nThe Relationship Between Standard Premium Loss Ratios and Firm Size in Workers' Compensation\nInsurance, in J. David Cummins, ed., Workers' Compensation Insurance Pricing (Boston, Mass.:\nKluwer-Nijhoff, 1988).\n\n5\n\n\x0cWith J. David Cummins, Econometric Forecasting of Automobile Insurance Paid-Claim Costs, in\nStrategic Planning and Modeling in Property-Liability Insurance, J. David Cummins, ed. (Boston,\nMass.: Kluwer-Nijhoff Publishing, 1984).\nBooks and Monographs\nWith Eti Baranoff and Greg Niehaus, Risk Assessment (Malvern, Pa.: American Institute for Chartered\nProperty Casualty Underwriters / Insurance Institute of America, 2005).\nWith Greg Niehaus, Risk Management and Insurance, 2nd Edition (Burr Ridge, Ill.: Irwin / McGraw-Hill,\n2004).\nOptional Federal Chartering of Property-Casualty Insurance Companies (Downer\xe2\x80\x99s Grove, Ill.: Alliance\nof American Insurers, 2002).\nWith members of the U.S. Shadow Financial Regulatory Committee, Reforming Bank Capital Regulation\n\xe2\x80\x93 A Proposal by the U.S. Shadow Financial Regulatory Committee (Washington, D.C.: American\nEnterprise Institute, 2000).\nInsurance Deregulation and the Public Interest (Washington, D.C.: AEI-Brookings Joint Center for\nRegulatory Studies, 2000).\nWith Greg Niehaus, Risk Management and Insurance (Burr Ridge, Ill.: Irwin / McGraw-Hill, 1999);\nCanadian and Chinese editions were later published.\nWith Patricia Danzon, Rate Regulation of Workers' Compensation Insurance: How Price Controls\nIncrease Costs (Washington, D.C., American Enterprise Institute, 1998).\nWith Martin Grace and Robert Klein, An Analysis of the FAST Solvency Monitoring System (Kansas City,\nMo: National Association of Insurance Commissioners, 1995).\nWith S. Travis Pritchett, Helen Doerpinghaus, and Greg Niehaus, An Economic Analysis of Workers\xe2\x80\x99\nCompensation in South Carolina (Columbia, S.C.: Division of Research, College of Business\nAdministration, University of South Carolina, 1994).\nCo-Editor with Sandra Gustavson, Insurance, Risk Management, and Public Policy: Essays in Honor of\nRobert I. Mehr (Boston, Mass.: Kluwer Academic, 1994).\nCo-editor with Georges Dionne, Foundations of Insurance Economics: Readings in Economics and\nFinance (Boston, Mass.: Kluwer Academic, 1991).\nCo-editor with J. David Cummins and Robert Klein, Cycles and Crises in Property/Casualty Insurance:\nCauses and Implications for Public Policy (Kansas City, Mo.: NAIC, 1991).\nAuto Insurance in Michigan: Regulation, No-Fault, and Affordability (Midland, Mich.: The Mackinac\nCenter, 1989).\nCo-editor with J. David Cummins, Fair Rate of Return in Property-Liability Insurance (Boston, Mass.:\nKluwer-Nijhoff and S. S. Huebner Foundation, 1986).\nWith Patricia Danzon, An Evaluation of Solvency Surveillance in the Property-Liability Insurance\nIndustry (Schaumberg, Ill.: Alliance of American Insurers, 1986).\nWith Dan McGill and Robert Zelten, Regulation 49 and the Public Interest (New York, N.Y.: Life\nInsurance Council of New York, 1980).\nOpinion-Editorial, Business Press, and Miscellaneous Publications\nDemonizing the Insurance Industry is Not the Answer, with John Lott, Fox Forum, March 19, 2010.\nRaising Costs Isn't Health Care Reform, Washington Examiner, Dec. 23, 2009.\nThe Real Consequences of Health Insurance Overhaul, The American, Dec. 22, 2009.\nCongress's Long-Term Care Bomb, Wall Street Journal, Dec. 13, 2009.\nCompetition and Health Insurance, Wall Street Journal, Nov. 6, 2009.\nThe Adverse Selection Problem, Medical Progress Today, Oct. 30, 2009.\nThe AARP Paradox, The American, Oct. 2, 2009.\nFact-checking the President on Health Insurance, Wall Street Journal, Sept. 14, 2009.\nHealth Co-ops: Slow Road to Government Care, Wall Street Journal, August 19, 2009.\nWhat the States\xe2\x80\x99 Experience with Mandates Should Tell Us about Universal Healthcare Coverage, The\nAmerican, August 11, 2009.\nReform Needs Healthy Life Incentives, Wall Street Journal, June 29, 2009.\nThe Public Plan Would Be the Only Plan, Wall Street Journal, June 15, 2009.\n\n6\n\n\x0cMoral Hazard and the Meltdown, Wall Street Journal, May 23, 2009.\nWith Greg Niehaus, United Grain Growers: Enterprise Risk Management and Weather Risk, Risk\nManagement & Insurance Review 6 (Fall 2003): 193-208 (Case; plus Teaching Note, 209-217).\nWith Emily Johnson and David Shrider, Economics White Paper, The Forum for Corporate Conscience,\nTribble Creative Group, 2003.\nDeregulating the Insurance Industry: The Key to Providing Quality, Cost-effective Consumer Protection,\nThe State Factor, American Legislative Exchange Council, 2002.\nRatings Show Sanford is No Closet Liberal, The State, June 21, 2002.\nWith Tom Miller, Insuring Against Terror, National Review On-Line, November 5, 2001.\nWith Tom Miller, Disaster Assistance & Government Insurance, in Cato Handbook for Congress, The\nCato Institute, Washington, D.C., 2001 and 2003 editions.\nAre Insurance Cycles Obsolete? Risques \xe2\x80\x93 Les cahiers de l\xe2\x80\x99assurance, 41 (January-March 2000): 63-66\n(in French).\nTaxes and the High Cost of Catastrophe Insurance: The Case for Tax-Deferred Reserves, Competitive\nEnterprise Institute Insurance Reform Project, October 1999.\nWith Tom Miller, Reinsurance Proposal Troubling; Instead, Ease Regulations on Private Insurers, USA\nToday, September 17, 1999.\nWith Steven Mann and Greg Niehaus, Unbundling Catastrophe Risk, The Risk Financier (September\n1997).\nWith J. David Cummins and Robert W. Klein, Cycles and Crises, Best's Review (P-C Ed.), January 1992.\nWith S. Travis Pritchett, State's Auto Insurance System Requires Complete Overhaul, The Greenville\nNews, October, 21, 1991.\nFact vs. Fiction on Advisory Rates, Best's Review (P-C ed.), October 1989.\nWith Walter Olson, Canute's Revenge: Proposition 103 and its Aftermath, Institute for Civil Justice\nReform News Letter, The Manhattan Institute, February 1989; edited versions published as\nPunishment for Tort Reformers, The Journal of Commerce, March 1, 1989 and The Real Culprit in\nthe Insurance Crisis, San Francisco Chronicle, April 7, 1989.\nTaking the Initiative in California, Best's Review (P-C ed.), October 1988.\nBans on Rating Variables: Some Answers, National Underwriter, Property-Casualty and Employee\nBenefits Edition, November 14, 1988, p. 43.\nThe Insurance Industry and Tort Reform, Legal Backgrounder, Washington Legal Foundation, September\n16, 1988.\nAntitrust Suits May Damage P & C Insurers, National Underwriter, Property-Casualty and Employee\nBenefits Edition, June 6, 1988, p. 32.\nInsurance Company Profitability Scrutinized, National Underwriter, Property-Casualty and Employee\nBenefits Edition, February 8, 1988, p. 40.\nDiscussion of G. Dionne, 'Adverse Selection and Repeated Insurance Contracts,' Geneva Papers on Risk\nand Insurance, 8 (October 1983): 333-335.\nComment on J. Gragnola, 'Strategic Planning for Insurance: The Experience of Allstate Insurance\nCompany,' in Strategic Planning for Insurance: Planning at the Company's Level, Etudes et Dossiers\nNr. 60, The Geneva Association, 1982.\nReports and Unpublished Manuscripts\nHealth Savings Accounts, High Deductible Health Plans, and Hospital Bad Debt, American Enterprise\nInstitute, 2008.\nFederal Chartering of Insurance Companies: Options and Alternatives for Transforming Insurance\nRegulation, Networks Financial Institute Policy Brief, 2006-PB-02, March 2006.\nWith Howard Kunreuther, Neil Doherty, Paul Kleindorfer, Mark Pauly, et al., TRIA and Beyond:\nTerrorism Risk Financing in the U. S., Wharton Risk Management and Decisions Processes Center,\nAugust 2005.\nWith David Appel and Richard Lord, The Agricultural Research, Extension and Education Reform Act of\n1998 Section 535 Crop Insurance Study, Milliman & Robertson, Inc., 1999.\n\n7\n\n\x0cWorking Group of the Griffith Foundation for Insurance Education, Proposal for Risk Management and\nInsurance Program at The Ohio State University, 1997.\nWith Neil Doherty, Investment Incentives, Bankruptcies and Reverse Convertible Debt, Wharton School,\nUniversity of Pennsylvania, revised May 1997.\nDiscussion of 'Insurance Guaranty Funds: Issues and Perspectives' and 'Risk and the Capital of Insurance\nCompanies, Competitive Enterprise Institute Conference on Insurance Regulation, 1996.\nWith Greg Niehaus, An Economic Analysis of Territorial Rating in Automobile Insurance, University of\nSouth Carolina, June 1993.\nCompetition and Regulation in the Automobile Insurance Market, prepared for the ABA National\nInstitute on Insurance Competition and Pricing in the 1990s, Baltimore, Maryland, June 1990.\nRate Regulation, No-Fault, and the Automobile Insurance Affordability Problem, January 1989.\nRegulation and Subsidies in the Automobile Insurance, May 1988.\nThe Liability Insurance Crisis: Causes and Implications for Insurance Regulation, prepared for annual\nmeeting of the Reinsurance Association of America, Tucson, Arizona, May 1988.\nRate Regulation, Profitability, and Pricing Behavior in Property-Liability Insurance: Review and\nAnalysis, prepared for Aetna Life and Casualty Corporation, November 1981.\nSelected Presentations, Speeches, and Panels\nProperty Casualty Insurers of America Association Board of Governors Meeting, presentation on\nhealthcare and financial reform, Williamsburg, Va., July 20, 2010.\nLouisiana Workers Compensation Corporation Board of Directors, presentation on healthcare reform, San\nFrancisco, Cal., July 13, 2010.\nAmerican Enterprise Institute and National Chamber Foundation, symposium on U.S. Regulatory Policy\nand Free Markets, presentation on healthcare reform and health insurance regulation, Washington,\nD.C., July 8, 2010.\nAmerican Society of Health Economists Meeting, \xe2\x80\x9cStochastic Frontier Analysis of Hospital Mortality,\xe2\x80\x9d\npaper presentation, Ithaca, N.Y., June 22, 2010.\nInternational Insurance Society Meeting, plenary address on healthcare reform, Madrid, Spain, June 7,\n2010.\nNational Council on Compensation Insurance Annual Issues Meeting, presentation on healthcare reform,\nOrlando, Florida, May 6, 2010.\nNational Council of Insurance Guaranty Funds, presentation on systemic risk and financial reform, San\nFrancisco, Cal., April 29, 2010.\nWorld Insurance Forum Meeting, panel on systemic risk and insurance regulation, Bermuda, March 16,\n2010.\nProperty/Casualty Insurer Joint Industry Forum, panel on systemic risk and insurance regulation, New\nYork, N.Y., January 12, 2010.\n\xe2\x80\x9cCost of Capital for Pharmaceutical, Biotechnology, and Medical Device Firms,\xe2\x80\x9d conference for The\nHandbook of the Economics of the Biopharmaceutical Industry, Philadelphia, November 20, 2009.\n\xe2\x80\x9cHow Private Health Insurance Really Works,\xe2\x80\x9d American Enterprise Institute, Conference on \xe2\x80\x9cPrivate\nHealth Insurance Markets: Facts, Fables, and Fiction,\xe2\x80\x9d Washington, D.C., October 21, 2009.\n\xe2\x80\x9cThe Financial Crisis, Systemic Risk, and the Future of Insurance Regulation,\xe2\x80\x9d National Association of\nMutual Insurance Companies Annual Meeting, Atlanta, Georgia, September 21, 2009.\n\xe2\x80\x9cRemarks on Health Insurance Reform,\xe2\x80\x9d Health Management Academy CEO Forum, Laguna Beach, Cal.,\nAugust 6, 2009.\n\xe2\x80\x9cPublic Plan Option: Competitor or Predator,\xe2\x80\x9d American Enterprise Institute, Conference on \xe2\x80\x9cThe Five\n(not so) Easy Pieces of Health Care Reform,\xe2\x80\x9d Washington, D.C., June 4, 2009.\nNetworks Financial Institute, 6th Annual Insurance Reform Summit, presentation on systemic risk in\ninsurance, March 4, 2009.\nDiscussant of \xe2\x80\x9cThe Effects of \xe2\x80\x98Consumer-Directed\xe2\x80\x99 Health Insurance on the Use of Medical Care\nServices and Cost of Care,\xe2\x80\x9d Southeastern Health Economics Study Group, Birmingham, Al.,\nOctober, 2008.\n\n8\n\n\x0cAmerican Health Economic Association, Population Density and Racial Differences in the Performance\nof Emergency Medical Services, Durham, N.C., June 2008.\nInternational Health Economists Association, paper presentation, Are there Racial Disparities in\nEmergency Medical Services? Evidence from Mississippi, and paper discussant, Copenhagen,\nDenmark, July 2007.\nInternational Insurance Workshop, Hitotsubashi University, Non-Life Insurance Institute of Japan, and\nResearch Institute of Nipon Life Insurance Company, presentations on insurance company solvency,\ncapital regulation, and design of optimal capital standards, Tokyo, Japan, March 2007.\nNational Association of Mutual Insurance Companies Policy Summit, presentations on insurance\nregulatory reform and the insurance industry\xe2\x80\x99s antitrust exemption, New Orleans, February 2007.\nSoutheastern Health Economists workshop, paper presentation, Are there Racial Disparities in Emergency\nMedical Services: Evidence from Mississippi, Coral Gables, Fl., September 2006.\nAmerican Enterprise Institute Colloquium on regulatory reform, presentation on insurance rate\nderegulation, Washington, D.C., September 2006.\nAEI-Brookings Institution Judicial Education Program, lectures on insurance markets and regulation,\nWashington, D.C., September 2006.\nAmerican Society of Health Economists, presentation on cost of capital and research and development\nintensity for biotechnology, pharmaceutical, and medical device firms, Madison, WI, June 2006.\nNetworks Financial Institute 3rd Annual Insurance Summit, presented paper on optional federal chartering\nof insurance, Washington, D.C., March 1, 2006.\nNatural Disaster Insurance, panelist NBER Insurance Project meeting, February 10, 2006, Cambridge.\nNational Symposium on Risk and Disasters, sponsored by the University of Pennsylvania and the\nCommunications Institute, panelist, December 1, 2005, Washington, D.C.\nThe 11th Annual Thomas W. Langfitt, Jr., Memorial Health Policy Symposium, Consumer-Directed Care:\nWhere Will This Road Take Us? panelist, November 29, 2005.\nNational Symposium on Terrorism Risk Insurance, sponsored by Wharton, RAND, U.S. Department of\nHomeland Security, University of Southern California, and the Communications Institute, panelist,\nWashington, D.C., October 7, 2005.\nWorld Congress on Risk and Insurance Economics meeting, presented paper Soft and Hard Markets in\nMedical Malpractice Insurance (co-authored with Patricia Danzon and Andrew Epstein), Salt Lake\nCity, Utah, August 10, 2005.\nSouth Carolina Property Insurance Forum, presentation on homeowner\xe2\x80\x99s insurance markets in catastrophe\nprone areas, Charleston, S.C., June 24, 2005.\nNational Symposium on the Future of Terrorism Risk Insurance, sponsored by Wharton, RAND, U.S.\nDepartment of Homeland Security, University of Southern California, and the Communications\nInstitute, panelist, Los Angeles, June 20, 2005.\nReinsurance Association of America Current Issues Forum, panelist, Philadelphia, May 24, 2005.\nKaiser Foundation web-telecast on medical malpractice reform, panelist, Washington, D.C., February 5,\n2005.\nNAIC Symposium, State Insurance Regulation: Ensuring Solvency, Transparency, and Competitiveness\nin a Global Insurance Market, presentation on regulatory modernization, Washington, D.C.,\nFebruary 24, 2004.\nNational Bureau of Economic Research Insurance Project, discussant, Cambridge, Mass., February 7,\n2004.\nBrookings / Wharton Conference on Public Policy Issues Confronting the Insurance Industry, presented\npaper Tort Liability, Insurance Rates, and the Insurance Cycle, Washington, D.C., January 9, 2004.\nBank for International Settlements and Federal Reserve Bank of Chicago Conference on Market\nDiscipline: The Evidence Across Countries and Industries, presented paper Market Discipline in\nInsurance and Reinsurance, Chicago, Ill., October 31, 2003.\nHarvard / Swiss Re colloquium on risk-based capital and market discipline, Cambridge, Mass., June 10,\n2003.\nst\n51 Annual Antitrust Section Spring Meeting, presentation on The Future of the McCarran-Ferguson Act\nand Federal Chartering for the Insurance Industry, Washington, D.C., April 4, 2003.\n\n9\n\n\x0cForum for Corporate Conscience, Economics session facilitator, Charlotte, N.C., March 2003.\nNational Conference of Insurance Legislators, session on medical malpractice insurance crisis and tort\nreform, Savannah, Georgia, February 22, 2003.\nNational Association of Life-Health Insurer Guaranty Associations Annual Meeting, Optional Federal\nChartering and Insurance Guaranty Funds, Washington, D.C., November 1, 2002.\nCato Institute Forum, Terrorism Insurance: Is There a Role for Government, Washington, D.C.,\nSeptember 21, 2002.\nSwiss Re Risk Management Network Meeting, Zurich, September 2, 2002.\nNational Conference of State Legislators, Modernizing Automobile Insurance Regulation, Denver, July\n26, 2002.\nHarvard / Swiss Re Colloquium on risk-based capital, paper presentation, Cambridge, June 2002.\nNational Association of Independent Insurers Fall Legislative Conference, Chicago, October 2001.\nNAIC Working Group on competition and regulation, August 2001.\nInternational Insurance Society, paper presentation, Vienna, July 2001.\nNational Bureau of Economic Research Insurance Project, paper presentation, Cambridge, Mass.,\nFebruary 16, 2001.\nAEI-Brookings Joint Center for Regulatory Studies Conference on Insurance Rate Regulation, paper\npresentation, Washington, D.C., January 18, 2001.\nAmerican Finance Association, paper presentation, New Orleans, La., January 2001.\nAmerican Enterprise Institute Symposium on National Chartering for Insurance Companies, discussant,\nWashington, D.C., December 14, 2000.\nPrudential Securities Conference on \xe2\x80\x9cRiding Cycles,\xe2\x80\x9d Washington, D.C., October 4, 2000.\nWharton/Aon Conference on Capitalization of the Property-Casualty Insurance Industry, paper\npresentation, Philadelphia, September 27, 2000.\nAmerican Risk and Insurance Association Annual Meeting, paper presentations, 1980-93, 1995-97, 2000.\nAEI-Brookings Joint Center for Regulatory Studies Conference on Insurance Deregulation, paper\npresentation, Washington, D.C., February 17, 2000.\nNational Bureau of Economic Research Insurance Project (discussant), Cambridge, Mass., February,\n2000.\nAmerican Enterprise Institute Conference on Optional Federal Chartering and the Regulation of\nInsurance, paper presentation, Washington, D.C., June 3, 1999.\nRisk Theory Society, paper presentations, 1979, 1980, 1983 (by co-author), 1984, 1989, 1996, 2000 (by\nco-author), 2001\nFifth International Conference on Insurance Solvency and Finance, paper presentation, London, 1997.\nSouthern Risk and Insurance Association, paper presentations, 1988, 1990, 1995, 1996 (discussion panel)\nWharton Financial Institutions Center Conference on Risk Management in Insurance Firms, Philadelphia,\n1996.\nNational Association of Independent Insurers Annual Meeting, 1996.\nCompetitive Enterprise Institute Conference on Issues in Insurance Regulation, Washington, D.C., 1996.\nNBER Conference on Property/Casualty Insurance (discussant), Cambridge, Mass. 1995.\nThirteenth Annual Conference on Economic Issues in Workers Compensation, paper presentation,\nPhiladelphia, Pa., 1994.\nNAIC Conference on Issues in Insurance Regulation, Washington, D.C., 1994.\nInternational Conference on Insurer Solvency, paper presentation, Wharton School, Philadelphia, 1994.\nInternational Insurance Society (discussion group moderator, 1992-94, paper presentation, 1992)\nMichigan Association of Insurance Companies, 1992.\nFederal Reserve Bank of Chicago Conference on Bank Structure and Competition, paper presentation,\n1992.\nEastern Finance Association, paper presentation, 1992.\nAmerican Law and Economics Association, paper presentation, 1991.\nThird Annual International Conference on Insurer Solvency, paper presentation, Rotterdam, The\nNetherlands, 1991.\n\n10\n\n\x0cFederal Reserve Bank of Boston Conference, The Financial Condition and Regulation of Insurance Co.,\npaper presentation, 1991.\nAmerican Bar Association, Tort and Insurance Practice Section, paper presentation, 1990.\nProfessional Insurance Agents Legislative Conference, 1990.\nWestern Risk and Insurance Association, paper presentation, 1989.\nFinancial Management Association, 1988 (discussant), 1990.\nReinsurance Association of America, Tucson, Arizona, paper presentation, 1988.\nAmerican Association of Insurance Services, Charleston, S.C., 1987.\nBrookings Institution Conference on Legal Liability, paper presentation, Washington, D.C., 1987.\nASTIN Colloquium, paper presentation, Biarritz, France, 1985.\nFifth Annual Conference on Economic Issues in Workers' Compensation, paper presentation, New York,\nN.Y., 1985.\nConference on Strategic Planning for Insurance, paper presentation, sponsored by the Geneva Association\nand the S. S. Huebner Foundation, London, England, 1982.\nGeneva Association and the Association of Property-Casualty Insurance Economists, discussant, Allied\nSocial Science Meetings, New York, N.Y., 1982.\nResearch Grants and Funded Research\nSpencer Foundation, Moore School of Business, risk management at United Grain Growers, 2000.\nCenter for Applied Real Estate Education and Research, Moore School of Business, Federal Taxes,\nInsurance Company Capital, and the Price of Catastrophe Insurance (with Greg Niehaus), 1999.\nAn Economic Analysis of Workers\xe2\x80\x99 Compensation in South Carolina (with Travis Pritchett, Greg\nNiehaus, and Helen Doerpinghaus), University of South Carolina, College of Business\nAdministration Business Partnership Foundation, 1993-1994.\nUniversity of South Carolina, College of Business Administration, Economic Analysis of Insurance\nCompany Insolvencies and Solvency Screening Systems, from the National Association of Insurance\nCommissioners, 1992-1993.\nUniversity of South Carolina, College of Business Administration, Economic Analysis of Liability\nInsurance Pricing, from the National Association of Insurance Commissioners, 1989-1990.\nUniversity of South Carolina, College of Business Administration Business Partnership Foundation,\nEconomic Analysis of Michigan Automobile Insurance Market, from the Mackinac Center, 1989.\nTestimony at Government Hearings\nSubcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Committee on\nFinancial Services, U.S. House of Representatives, presented oral and written testimony on \xe2\x80\x9cHow\nShould the Federal Government Oversee Insurance?\xe2\x80\x9d May 14, 2009.\nCommittee on Banking, Housing, and Urban Affairs, United States Senate, presented oral and written\nstatement at hearing, Perspectives on Insurance Regulation, July 18, 2006.\nNational Conference of Insurance Legislators, Property/Casualty Insurance Committee Hearing on Model\nRate Regulation Modernization Act, Santa Fe, N.M, November 21, 2003, on behalf of Allstate\nInsurance, State Farm Insurance, National Association of Independent Insurers, and National\nAssociation of Mutual Insurance Companies.\nCalifornia Department of Insurance, Workshop on Generic Rating Factor Determinations, San Francisco,\nCal., August 22, 2002, on behalf of National Association of Independent Insurers and Personal\nInsurance Federation of California.\nSubcommittee on Capital Markets and Insurance, House Financial Services Committee, on proposed\nbackstop for terrorism insurance / reinsurance, Washington, D.C., October 25, 2001.\nNational Conference of Insurance Legislators Hearing of the Property-Casualty Insurance Committee on\nPersonal Lines Rate and Form Deregulation, Hilton Head, S.C., March 1, 2001.\nHearing on acquisition of Executive Risk Insurance Co. by Chubb Insurance Group, Delaware\nDepartment of Insurance, Wilmington, Del., June, 1999, on behalf of Chubb Insurance Group.\nHearing on proposed automobile insurance regulation in Michigan, Lansing, Mich., March, 1996, on\nbehalf of State Farm and Michigan Association of Insurance Companies.\n\n11\n\n\x0cHearing on Proposed Underwriting Restrictions in Texas, January, Austin, Tex., 1995, on behalf of\nAllstate Insurance.\nRH-318 Hearings on Restrictions on Automobile Insurance Rate Classification in California, October,\n1993, on behalf of Farmers Insurance Group and Safeco Insurance Group.\nState Farm Fire and Casualty, et al. v. Superintendent of Insurance, Maine Bureau of Insurance,\nRegarding Proposed Rule 650 Concerning Allocation of Workers\xe2\x80\x99 Compensation Insurance Residual\nMarket Deficit, Portland, Me., 1992, on behalf of State Farm Insurance Company.\nRH-292 Hearings on Alleged Insurance Redlining, before California Insurance Deputy Commissioner\nSteven Miller, Los Angeles, Cal.,. August 19, 1991, on behalf of Barger and Wolen.\nAuto Insurance: Regulation, No-Fault, and Affordability, Michigan Senate Committee, Lansing, Mich.,\nFebruary 20, 1990.\nConsolidated Hearings on California Proposition 103, before the Honorable William J. Fernandez, San\nFrancisco, Cal., January 8-9, 1990, on behalf of Chubb Insurance Group.\nCompetition and Rate Service Organizations, before the National Association of Insurance\nCommissioners Committee on the Role of Advisory Organizations, Washington, D.C., April 4, 1989,\non behalf of American Insurance Association, National Association of Independent Insurers, and the\nNational Association of Mutual Insurance Companies.\nMaryland Legislature Joint Subcommittee on Auto Insurance Regulation and Affordability, Annapolis,\nMd., January 1989.\nCompetition in the Property-Liability Insurance Industry, before the Virginia Legislature Joint\nSubcommittee on Reinsurance, the Limited Antitrust Exemption, and Availability and Affordability\nof Liability Insurance, Richmond, Va., November 1988, on behalf of American Insurance\nAssociation.\nCompetition in the Reinsurance Industry, before the Virginia Legislature Joint Subcommittee on\nReinsurance, the Limited Antitrust Exemption, and Availability and Affordability of Liability\nInsurance, Richmond, Va., August 1988, on behalf of Reinsurance Association of America.\nExpert Testimony in Judicial Proceedings\nFireman\xe2\x80\x99s Fund Insurance Company v. Hartford Accident and Indemnity Company (In the United States\nDistrict Court for the Northern District of Ohio Western Division, Case No. 3:03CV7168), report,\nAugust 9, 2010; deposition, August 17, 2010.\nDOD Technologies, Inc. vs. Mesirow Insurance Services, Inc. and John Doe Companies 1-10 (In the\nCircuit Court of Cook County, Illinois, County Department, Chancery Division, No. 08 CH 40734),\naffidavit, July 6, 2010.\nIn re: The Flintkote Company and Flintkote Mines Limited, Debtors (In the U.S. Bankruptcy Court for\nthe District of Delaware, Chapter 11, Case No. 04-11300), affidavit, April 2010.\nHogan Marren, Ltd. vs. HUB International Limited (In the Circuit Court of Cook County Illinois, County\nDepartment, Chancery Division, No. 05 CH 1355), affidavit, January 11, 2010; deposition, February\n1, 2010.\nIn Re: Marsh & McClennan Companies, Inc., Securities Litigation (United States District Court Southern\nDistrict of New York, Civil Action No. 04-CV-08144 (SWK)), expert report; rebuttal report; and\ndeposition, October 9, 2009.\nRobert L. Johnson, Sr., et al., vs. Allstate Insurance Company (In the United States District Court for the\nSouthern District of Illinois, No.: 3:07-CV-00781-MJR-PMF), expert report, August 25, 2009;\ndeposition, October 6, 2009.\nIn Re: ASARCO LLC, et al., Debtors (In the United States Bankruptcy Court for the Southern District of\nTexas Corpus Christi Division, Case No. 05-2127), declaration, July 2009.\nState of Connecticut v. Accordia, Inc., Doc. No. HHD-CV-07-4027314S (X09), deposition, April 10,\n2009, trial testimony, December 1, 2009.\nIn Re: Thorpe Insulation Company, et al. (In United States Bankruptcy Court , Central District of\nCalifornia, Los Angeles Division, Case No.: 2:07-19271-BB), declaration, January 8, 2009.\nM. Diane Koken, Insurance Commissioner of the Commonwealth of Pennsylvania, in Her Capacity as\nLiquidator of Reliance Insurance Company v. Deloitte & Touche LLP and Jan A. Lommele (In the\n\n12\n\n\x0cCommonwealth of Pennsylvania, Civil Action Law, Docket No. 734 MD 2002), expert report,\nSeptember 2007; deposition, December 6, 2007.\nIn Re: Insurance Brokerage Antitrust Litigation and In Re: Employee-Benefit Insurance Brokerage\nAntitrust Litigation (United States District Court, District of New Jersey, Civil Action No. 04-5184\n(FSH) and Civil Action No. 05-1079 (FSH) ), expert report, April 2006; deposition, May 18, 2006.\nJohn Crane, Inc. vs. Admiral Insurance Company, et al. (Circuit Court of Cook County, Illinois County\nDepartment, Chancery Division, Case No. 04 CH 08266), deposition, October 14, 2005.\nSt. Paul Fire and Marine Insurance Company v. A.P.I., Inc. v. the Home Insurance Company, et al. (State\nof Minnesota, Ramsey County District Court File No. C9-02-8084), deposition, June 13-14, 2005.\nContinental Casualty Co, American Casualty Co. of Reading, Pa, v. Robert K. Keasbey Co. (and others,\nSupreme Court of the State of New York, County of New York, Index No. 601037/03), expert\nreport, January 3, 2005; deposition, February 9, 11, 2005; trial testimony, August 25-26, 2005.\nNational Fair Housing Alliance Inc., et al. v. The Prudential Insurance Company of America and\nPrudential Property & Casualty Insurance Company (United States District Court for the District of\nColumbia, Civil Action No. 1:02-CV-2199), expert report, October 18, 2004; deposition, January 67, 2005.\nAllstate Insurance Company and Sterling Collision Centers, Inc. v. Greg Abbot, in his official capacity\nas Attorney General of Texas, et al. (United States District Court, Northern District of Texas, Case\nNo. 3:03-CV-2187-K), expert report on vertical integration of insurers into collision repair, February\n29, 2004; deposition, July 9, 2004; trial testimony, September 23, 2004.\nWilson v. Brawn of California, Inc. (Superior Court, State of California, County of San Francisco, No.\n404454), trial testimony on the economic features of insurance, April 18, 2003.\nAlumax, Inc., et al. v. Allianz, et al. (Civil Action No. 98-3222, Circuit Court of Jefferson County,\nAlabama), affidavit on pricing and regulation of workers\xe2\x80\x99 compensation insurance programs,\nNovember 14, 2001.\nCR/PL Management Co., et al., v. Allianz, et al. (No. 98 CH 01635, Circuit Court of Cook County,\nIllinois, County Department, Chancery Division), affidavit on pricing and regulation of workers\xe2\x80\x99\ncompensation insurance programs, August 29, 2001.\nDow Chemical Co. v. Fireman\xe2\x80\x99s Fund Insurance Co., et al. (No. 96 CV 10298 BC, U.S. District Court for\nthe Eastern District of Michigan), report (September 7, 2000) and deposition testimony (January 2526, May 29-30, and June 19, 2001) on the economics of general liability insurance and coverage\ninterpretation.\nFoodarama Supermarkets, Inc., et al. v. Allianz, et al. (Docket No. L-3556-97, Superior Court of New\nJersey), affidavit on pricing and regulation of workers\xe2\x80\x99 compensation insurance programs, October\n25, 2000.\nBristol Hotel Asset Company, et al. v. Allianz, et al. (Civil Action No. 972240-CIV-MORENO, U.S.\nDistrict Court for the Southern District of Florida) and American Association of Retired Persons, et\nal. v. National Surety Corp., et al. (Civil Action No. 98-820589-CZ, State of Michigan Wayne\nCounty Circuit Court) deposition, July 7, 2000 and July 31, 2000.\nAmerican Association of Retired Persons, et al. v. National Surety Corp., et al. (Civil Action No. 98820589-CZ, State of Michigan Wayne County Circuit Court), affidavit on pricing and regulation of\nworkers\xe2\x80\x99 compensation insurance programs, May 31, 2000.\nBristol Hotel Asset Company, et al. v. Allianz, et al. (Civil Action No. 972240-CIV-MORENO, U.S.\nDistrict Court for the Southern District of Florida), declaration on pricing and regulation of workers\xe2\x80\x99\ncompensation insurance programs, February 16, 2000.\nSandwich Chef of Texas, et al. v. Allianz, et al. (Civil Action No. H-98-1484, U.S. District Court for the\nSouthern District of Texas), report (September 28, 1999) and deposition (October 15, 1999) on\npricing and regulation of workers\xe2\x80\x99 compensation insurance programs.\nAetna Casualty v. Dow Chemical and American Guaranty and Liability Company, et al. (No. 93 CV\n73601 DT, U.S. District Court for the Eastern District of Michigan), report (May 27, 1998) and\ndeposition (September 17-18, 1998) on the economics of general liability insurance and coverage\ninterpretation.\n\n13\n\n\x0cDonna Scully et al. v. Nationwide Mutual Insurance Company, et al. (Case No. LB-2704, Circuit Court of\nthe City of Richmond), deposition (September 25, 1998) and trial testimony (October 20, 1998) on\npunitive damages for mutual insurance entities.\nToledo Housing Center, et al. v. Nationwide Mutual Insurance Company, et al. (No. 93-1685, Common\nPleas Court of Lucas County, Ohio), affidavit and deposition (April 2 and July 25, 1997) on the\neconomics of homeowners\xe2\x80\x99 insurance\nThe State of South Carolina, ex relatione, T. Travis Medlock, Attorney General v. National Council on\nCompensation Insurance, et al. (94-CP-23-2428, Common Pleas Court of Country of Greenville,\nSouth Carolina), affidavit (1996) and report on workers\xe2\x80\x99 compensation servicing carriers (1998).\nDissertations Chaired: Vladimir Zdorovtsov, Essays on Overnight Return Reversals and Extended\nHours Trading, University of South Carolina, 2004; Tong Yu, Essays on the Financing and Underwriting\nof Property-Liability Insurance, University of South Carolina, 2001; Karen Epermanis, Best\xe2\x80\x99s Rating\nChanges and Insurer Revenue Growth, University of South Carolina, 2000; Julie Cagle, Premium\nVolatility in Liability Insurance Markets, University of South Carolina, 1993; Chong Lee, Economies of\nScale and Scope for Direct Writers in the Property-Liability Insurance Industry, University of\nPennsylvania, 1989; Jack Nelson, The Impact of Corporate Affiliation on Life Insurance Company\nCapital Structure Decisions, University of Pennsylvania, 1987; Beom-ha Jee, A Comparative Analysis of\nAlternative Risk Classification Models in Automobile Insurance, University of Pennsylvania, 1987; Peter\nBeresford, The Impact of Life Insurance Cost Disclosure, University of Pennsylvania, 1984.\nEditorial Boards, Other Board Memberships, and Advisory Committees: Co-Editor, Journal of Risk\nand Insurance, 2006-present; Associate Editor, Geneva Risk and Insurance Review, 2009-present;\nAssociate Editor, Journal of Risk and Insurance, 1985-2006; Associate Editor, Journal of Financial\nServices Research, 1994-99; Board of Advisors, Regulation: Cato Review of Business and Government,\n1999-2009; Adjunct Scholar, American Enterprise Institute, 2009-present; Funded Consumer Liaison,\nNational Association of Insurance Commissioners, 2004; Adjunct Scholar, the Cato Institute, 2002-2009;\nShadow Insurance Regulation Committee, 1999-2000; Shadow Financial Regulatory Committee, 19982005; ABA Antitrust Section Insurance Committee, 2003; Working Group of the Griffith Foundation for\nInsurance Education, 1996-97; Advisory Committee to Insurance Guaranty Fund Task Force, National\nAssociation of Insurance Commissioners, 1992-93; Board of Directors, American Risk and Insurance\nAssociation, Inc., 1986-93; Staff Advisory Committee on the Reinsurance Industry, U.S. Senator Joseph\nBiden, 1989; Academic Advisory Board, Center for Research on Risk and Insurance, University of\nPennsylvania, 1985-88; S. S. Huebner Foundation for Insurance Education, Administrative Board, 19851988; Corroon & Black National Risk Management Panel, 1986-1989\nAcademic Associations: American Risk and Insurance Association (Board Member, 1986-93; Chair,\nJournal Awards Committee, 1987; Vice President, 1990; Annual Meeting Program Chair, 1990; Chair,\nNew Editor Search Committee, 1991; President-Elect, 1991; President, 1992; Chair, Nominations\nCommittee, 1993; Immediate Past President, 1993), Risk Theory Society (Secretary, 1991; President,\n1992; Past President, 1993)\n\n14"