American Risk and Insurance Association

Journal Awards

The Robert C. Witt Award The Robert C. Witt Award is given annually for the best feature article in the Journal of Risk and Insurance . Past recipients of the Robert C. Witt Award include:
2007	Ignacio Moreno, Francisco Vazques, and Richard Watt. Can Bonus-Malus Alleviate Insurance Fraud? JRI, March 2006 , V. 73 #1, pp. 123-151
2006	(co-winner) Neil A. Doherty and Kent Smetters, "Moral Hazard in Reinsurance Markets," The Journal of Risk and Insurance, Vol. 72, No. 3(September 2005), pp. 375-391.
2006	(co-winner) David S. Loughran, "Deterring Fraud: The Role of General Damage Awards in Automobile Insurance Settlements," The Journal of Risk and Insurance, Vol. 72, No. 4(December 2005), pp. 551-571.
2005	Patrick L. Brockett, Ray E. Chang, John J. Rousseau, John H. Semple, and Chuanhou Yang for "A Comparison of HMO Efficiencies as a Function of Provider Autonomy," The Journal of Risk and Insurance, Vol. 71, No. 1(March 2004), pp. 1-19.
2004	Louis Eeckhoudt, Olivier Mahul, and John Moran for "Fixed Reimbursement Insurance: Basic Properties & Comparative Statics", The Journal of Risk and Insurance, Vol. 70, No. 2 (June 2003), pp. 207-218.
2003	Steven Boyce and Richard Ippolito for "The Cost of Pension Insurance", The Journal of Risk and Insurance, Vol. 69, No. 2 (June 2002), pp. 121-170.
2002	(co-winner) Stewart C. Myers and James A. Read, Jr. for "Capital Allocation for Insurance Companies", The Journal of Risk and Insurance, Vol. 68, No. 4 (Dec. 2001), pp. 545-580.
2002	(co-winner) Christian Gollier and Louis Eeckhoudt for "Which Shape for the Cost Curve of Risk", The Journal of Risk and Insurance, Vol. 68, No. 3 (Sep. 2001), pp. 387-401.
2001	Kent Smetters for "The Equivalence Between State Contingent Tax Policy and Options and Forwards: An Application to Investing the Social Security Trust Funds in Equities". The Journal of Risk and Insurance, Vol. 67, No. 3 (Sep. 2000), pp. 351.367.
2000	Krupa Subramanian, Jean Lemaire, John C. Hershey, Mark V. Pauly, Katrina Armstrong, and, David A. Asch for "Estimating Adverse Selection Costs from Genetic Testing for Breast and Ovarian Cancer: The Case of Life Insurance", The Journal of Risk and Insurance, Vol. 66, No. 4 (Dec. 1999), pp. 531-550.
1999	Richard Phillips, J. David Cummins, and Franklin Allen for "Financial Pricing of Insurance in the Multiple Line Insurance Company", The Journal of Risk and Insurance, Vol. 65, No. 4 (Dec. 1998), pp. 597-636.
1998	Harris Schlesinger for "Insurance Demand Without the Expected Utility Paradigm", The Journal of Risk and Insurance, Vol. 64, No. 1 (Mar. 1997), pp. 19-39.
1993	(co-winner) Michael R. Powers for "Equity in Automobile Insurance: Optional No-Fault", The Journal of Risk and Insurance, Vol. 59, No. 2 (Jun. 1992), pp. 203-220.
1993	(co-winner) James R. Garven for "An Exposition of the Implications of Limited Liability and Asymmetric Taxes for Property-Liability Insurance", The Journal of Risk and Insurance, Vol. 59, No. 1 (Mar. 1992), pp. 34-56.
1991	Jack VanDerhei for "An Empirical Analysis of PBGC Premiums under the Omnibus Budget Reconciliation Act of 1987", The Journal of Risk and Insurance, Vol. 57, No. 2 (Jun. 1990), pp. 240-259.
1987	Patrick L. Brockett, Samuel H. Cox, Jr. and Robert C. Witt for "Insurance Versus Self-Insurance: A Risk Management Perspective", The Journal of Risk and Insurance, Vol. 53, No. 2 (Jun. 1986), pp. 242-257.
Shorter Article Award
1999	Vickie L Bajtelsmit and Raja Bouzouita for "Market Structure and Performance in Private Passenger Automobile Insurance", The Journal of Risk and Insurance, Vol. 65, No. 3 (Sep. 1998), pp. 503-514.
1998	Steven W. Pottier and David W. Sommer for "Agency Theory and Life Insurer Ownership Structure", The Journal of Risk and Insurance, Vol. 64, No. 3 (Sep. 1997), pp. 529-543.
1997	David W. Sommer for "The Impact of Firm Risk on Property-Liability Insurance Prices", The Journal of Risk and Insurance, Vol. 63, No. 3 (Sep. 1996), pp. 501-514.
1995	James R. Garven and Steven W. Pottier for "Incentive Contracting and the Role of Participation Rights in Stock Insurance Companies". The Journal of Risk and Insurance, Vol. 62, No. 2 (Jun. 1995), pp. 253-270.
1994	James R. Garven and Richard D. MacMinn for "The Underinvestment Problem: Bond Covenants and Insurance", The Journal of Risk and Insurance, Vol. 60, No. 4 (Dec. 1993), pp. 635-646.
1994	Harris Schlesinger and J.M. Graf von der Schulenburg for "Consumer Information and Decisions to Switch Insurers", The Journal of Risk and Insurance, Vol. 60, No. 4 (Dec. 1993), pp. 591-615.
1984	Patrick L. Brockett for "On the Misuse of the Central Limit Theorem in Some Risk Calculations", The Journal of Risk and Insurance Vol. 50, No. 4 (Dec. 1983), pp. 727-731.
Casualty Actuarial Society Award
2007	Michael Sherris, "Solvency, Capital Allocation and Fair Rate of Return in Insurance", The Journal of Risk and Insurance, Vol. 73 No. 1(March 2006), pp. 71-96.
2006	J. David Cummins and Richard D. Phillips, "Estimating the Cost of Equity Capital for Property-Liability Insurers," The Journal of Risk and Insurance, Vol. 72, No. 3 (Sept. 2005), pp. 441-478.
2005	Steve D'Arcy and Rick Gorvett, "The Use of Dynamic Financial Analysis to Determine Whether an Optimal Growth Rate Exists for a Property-Liability Insurer," The Journal of Risk and Insurance, Vol. 71, No. 4 (Dec. 2004), pp. 583-616.
2004	Natacha Brouhns, Montserrat Guillen, Michel Denuit, and Jean Pinquet, for "Bonus-Malus Scales in Segmented Tariffs with Stochastic Migration Between Segments", The Journal of Risk and Insurance, Vol. 70, No. 4 (Dec. 2003), pp. 577-599.
2003	Patrick Brockett, Richard Derrig, Linda Golden, Arnold Levine, and Mark Alpert, for "Fraud Classification Using Principal Component Analysis of RIDITs", The Journal of Risk and Insurance, Vol. 69, No. 3 (Sept. 2002), pp. 341-371.
2002	Stewart C. Myers and James A. Read, Jr. for "Capital Allocation for Insurance Companies", The Journal of Risk and Insurance, Vol. 68, No. 4 (Dec. 2001), pp. 545-580.
2001	Patrick Brockett, Gene C. Lai, Robert C. Witt, Hung-Gay Fung, and Richard D. MacMinn, "Great (and not so Great) Expectations: An Endogenous Economic Explication of Insurance Cycles and Liability Crises" Journal of Risk and Insurance (Dec. 2000), Vol. 67, No. 4.
1998	Joan Lamm-Tennant and Mary A. Weiss for "International Insurance Cycles: Rational Expectations/Institutional Intervention", The Journal of Risk and Insurance, Vol. 64, No. 3 (Sep. 1997), pp. 415-439

The Robert I. Mehr Award The Robert I. Mehr Award is given annually for the Journal of Risk and Insurance article that has best stood the test of time. Past recipients of the Robert I. Mehr Award include:
2007	Dwight Jaffe and Thomas Russell, Catastrophe Insurance, Capital Markets, and Uninsurable Risks, JRI, June 1997, V. 64 #2, pp. 205-230.
2006	David W. Sommer, "The Impact of Firm Risk on Property-Liability Insurance Prices," 1996, The Journal of Risk and Insurance, Vol. 63, No. 3 (Sep., 1996), pp. 501-514.
2005	Richard A. Derrig and Krzysztof M. Ostaszewski, "Fuzzy Techniques of Pattern Recognition in Risk and Claim Classification," 1995, The Journal of Risk and Insurance, Vol. 62, No. 3 (Sept. 1995), pp. 447-482.
2004	(co-winner) Patrick Brockett, William Cooper, Linda Golden, and Utai Pitaktong for "A Neural Network Method for Obtaining an Early Warning of Insurer Insolvency", The Journal of Risk and Insurance, Vol. 61, No. 3 (Sep. 1994), pp. 402-424.
2004	(co-winner) Richard Butler for "Economic Determinants of Workers Compensation Trends", The Journal of Risk and Insurance, Vol. 61, No. 3 (Sep. 1994), pp. 383-401.
2004	(co-winner) David Mayers and Clifford Smith, Jr. for "Managerial Discretion, Regulation and Stock Insurer Ownership Structure", The Journal of Risk and Insurance, Vol. 61, No. 4 (Dec. 1994), pp. 638-655.
2003	(co-winner). J. David Cummins and Mary Weiss for "The Stochastic Dominance of No-Fault Automobile Insurance", The Journal of Risk and Insurance, Vol. 60, No. 2 (Jun. 1993), pp. 230-264.
2003	(co-winner). James R. Garven and Richard D. MacMinn for "The Underinvestment Problem: Bond Covenants and Insurance", The Journal of Risk and Insurance, Vol. 60, No. 4 (Dec. 1993), pp. 635-646.
2002	Ran BarNiv and James B. McDonald for "Identifying Financial Distress in the Insurance Industry: A Synthesis of Methodological and Empirical Issues", The Journal of Risk and Insurance, Vol. 59, No. 4, Symposium on Insurance Futures (Dec. 1992), pp. 543-573
2001	Richard J. Butler and John Worrall for "Claims Reporting and Risk Bearing Moral Hazard in Workers' Compensation", The Journal of Risk and Insurance, Vol. 58, No. 2 (Jun. 1991), pp. 191-204.
2000	(co-winner). Richard D. MacMinn and Li-Mang Han for "Limited Liability, Corporate Value, and the Demand for Liability Insurance", The Journal of Risk and Insurance, Vol. 57, No. 4 (Dec. 1990), pp. 581-607.
2000	(co-winner). J. David Cummins for "Multi-period Discounted Cash Flow Ratemaking Models in Property- Liability Insurance", The Journal of Risk and Insurance, Vol. 57, No. 1 (Mar. 1990), pp. 79-109
1999	Henry Grabowski, W. Kip Viscusi, and William N. Evans for "Price and Availability Tradeoffs of Automobile Insurance Regulation", The Journal of Risk and Insurance, Vol. 56, No. 2 (Jun. 1989), pp. 275-299
1998	J. David Cummins and Scott E. Harrington for "The Relationship Between Risk and Return: Evidence for Property-Liability Insurance Stocks", The Journal of Risk and Insurance, Vol. 55, No. 1 (Mar. 1988), pp. 15-31
1995	Harris Schlesinger and Neil A. Doherty for "Incomplete Markets for Insurance: An Overview", The Journal of Risk and Insurance, Vol. 52, No. 3 (Sep. 1985), pp. 402-423.
RMIR Awards The RMIR Awards are given to the best feature and perspective articles in the Risk Management and Insurance Review
2007	(Feature article) Steven Pottier and David Sommer. Opaqueness in the Insurance Industry: Why Are Some Insurers Harder to Evaluate than Others, RMIR, Fall 2006, V. 9 #1, pp. 63-74.
2007	(Perspectives article) Mark Dorfman and Steven Tippins. An Examination of Alternative Approaches to Risk Management and Insurance Research, RMIR, Spring 2006, V. 9#1, pp. 63-74.
2006	(Feature article). Michael Hoy and Michael Ruse, "Regulating Genetic Information in Insurance Markets," Risk Management & Insurance Review, Vol. 8, No. 2 (September 2005), pp. 211-237.
2006	(Perspectives article). Patrick L. Brockett, Mulong Wang, and Chuanhou Yang, "Weather Derivatives and Weather Risk Management," Risk Management & Insurance Review, Vol. 8, No. 1 (March 2005), pp. 73-88.
2005	(Feature article). Hato Schmeiser, "New Risk-Based Capital Standards in the European Union: A Proposal Based on Empirical Data," Risk Management & Insurance Review, Vol. 7, No. 1 (March 2004), pp. 41-52.
2005	(Perspectives article). Charles McGuire, Kathleen McCullough, and George Flanigan, "Exposure Triggers and Allocation Methods: Learning Lessons from Prior Court Rulings," Risk Management & Insurance Review, Vol. 7, No. 1 (March 2004), pp. 73-88.
Advanta Center Awards In 2004, the Advanta Center Awards replaced the James Kemper Foundation Awards for the best feature and perspectives articles in the Risk Management and Insurance Review.
2004	(Feature article). Anat Hovav and John D'Arcy for "The Impact of Denial-of-Service Attack Announcements on the Market Value of Firms", Risk Management & Insurance Review, Vol. 6, No. 2 (Sept., 2003), pp. 97-121.
2004	(Perspectives article). Brian Glenn for "Postmodernism: The Basis of Insurance", Risk Management & Insurance Review, Vol. 6, No. 2 (Sept., 2003), pp. 131-143.
James S. Kemper Foundation Awards The James S. Kemper Foundation Awards were given for the best feature and perspectives articles in the Risk Management and Insurance Review from 1997-2003.
2003	(Feature article). Martin Grace, Robert Klein, and Richard Phillips for "An Economic Appraisal of Securitizing Insurance Risk via Onshore Special Purpose Vehicles", Risk Management & Insurance Review, Vol. 4, No. 1 (2001), pp. 7-34.
2003	(Perspectives article). Mark Dorfman and Saul Adelman for "An Analysis of the Quality of Internet Life Insurance Advice", Risk Management & Insurance Review, Vol. 5, No. 2 (Sep. 2002), pp. 135-154.
2000-2001	(Feature article). Richard Butler, Yijing Cui, and Andrew Whitman for "Insurers' Demutualization Decisions".
2000-2001	(Perspectives article). Jan Ambrose and Helen Doerpinghaus for "Managing Mental Health Care: Stakeholder Effects and Policy Implications".
1999-2000	(Feature article). Joan T.A. Gabel, Robert W. Klein, and Nancy R. Mansfield for "The Legal and Economic Evolution of Workers Compensation: Prospects for Enhancing Choice in the System".
1999-2000	(Perspectives article). Larry A. Cox and Aurore J. Kamssu for "Revealed Preferences of Business Students at a Major State University".
1998-1999	(Feature article). Laureen Regan for "Expense Ratios Across Insurance Distribution Systems: An Analysis By Line of Business".
1999-1999	(Perspectives article). Arthur M. B. Hogan for "Market Power in the Property/Casualty Insurance Industry".
1997-1998	(Feature article) . Kelly A. Olsen and Jack L. VanDerhei for "Potential Consequences for Employers of Social Security Privatization: Public Policy Research Implications".
1997-1998	(Perspectives article). Julie L. Williams, Stuart E. Feldstein, and Karen E. McSweeney for "Current Issues Regarding Bank Sales of Insurance and Annuity Products".

Journal Awards

The Robert I. Mehr Award

RMIR Awards

The RMIR Awards are given to the best feature and perspective articles in the Risk Management and Insurance Review

Advanta Center Awards

In 2004, the Advanta Center Awards replaced the James Kemper Foundation Awards for the best feature and perspectives articles in the Risk Management and Insurance Review.

James S. Kemper Foundation Awards

The James S. Kemper Foundation Awards were given for the best feature and perspectives articles in the Risk Management and Insurance Review from 1997-2003.