2000 Annual Meeting

Meeting Location: Baltimore, MD
Conference Theme: New Risks in a Changing World

SUNDAY, AUGUST 6

  8:00 AM - 5:00 PM Board Meeting
  1:00 PM - 6:00 PM Registration
  5:15 - 6:00 PM Reception for First Time Attendees
  6:00 - 7:00 PM Welcome Reception

MONDAY, AUGUST 7

  7:30 - 8:30 AM Breakfast
  8:00 AM - 5:00 PM Registration 

  8:45 - 10:15 AM  PLENARY SESSION I  
What Really Keeps CEOs Awake at Night: Risk and Change in the Insurance Industry

Moderator: Robert P. Hartwig, Vice President & Chief Economist, Insurance Information Institute, New York, NY

Panelists: J. Paul Newsome, Vice President for Equity Research, Lehman Bros., New York, NY
Richard W. Berstein, Vice President & General Counsel, MetLife Auto & Home, New York, NY
Steven B. Larsen, Insurance Commissioner for the State of Maryland

  10:15 - 10:30 AM Break

 10:30 - 12:00 Noon CONCURRENT SESSIONS I

 Session M.1-A: New Risks and New Roles

Moderator:  Richard MacMinn, University of Nottingham, U.K.

1.  "Risk-E-Business: Examination of Risks, Theories and Potential Research"
Lorilee A. Schneider, Georgia State University
William R. Feldhaus, Georgia State University

2.  "A Study of the Management of Satellite Launch Risks"
Ann Butler, University of Illinois at Urbana-Champaign

3.  "Switching Cost, Competition and Pricing in the Property-Liability Insurance Market for Large Commercial Accounts"
Lisa L. Posey, Penn State University

4.  "How Liquidity, Risk Pooling and Project Monitoring May Increase Effective Capital and Boost Productivity: An Empirical Investigation of the Roles that Banking and Insurance have in Economic Growth"
Ian Webb, International Insurance Foundation
Harold D. Skipper, Jr., Georgia State University
Martin Grace, Georgia State University

 Session M.1 -B: Cycles and Growth: International Perspective

Moderator: Mary Weiss, Temple University

1.  "Underwriting Cycles in Israel: Regulation Aspects and the Case for Separating Property and Liability Insurance from Life and Health Insurance"
Yoram Eden, Tel-Aviv University, Israel
Ben Ami Zuckerman, Tel-Aviv University, Israel

2.  "Rational Expectations Underwriting Cycles: Is the Data Consistent with ‘Rationally Priced’ Cycles?"
Chao-Chun Leng, Temple University
Emilio Venezian, Rutgers University

3.  “Determinants of Capital Structure in the Insurance Industry”
    Ying-Chun Chen, National Chengchi University, Taiwan
    Chenghsien Tsai, National Chengchi University, Taiwan

4.  "Firm Size and Growth in the United Kingdom Life Insurance Industry"
Philip Hardwick, University of Bournemouth,UK
Mike Adams, University of Wales Swansea, UK

 Session M.1 -C: Medical Risks and Selection Effects

Moderator: Patricia Born, University of Connecticut
1.  "Does Access to Charity Care for the Uninsured Decrease the Likelihood of Obtaining Employment-Based Health Insurance?"
Bradley Herring, University of Pennsylvania

2.  "Critical Illness Coverage"
Anne E. Kleffner, University of Calgary
Ryan B. Lee, University of Calgary

3.  "Risk Aversion and Medical Savings Accounts"
            Chu-Shiu Li, Feng Chia University. Taiwan

4.  "Policyholder Evidence on Selection Effects in the U.K. Individual Annuity Market"
Amy Finkelstein, MIT
James Poterba, MIT

Session M.1 -D: Regulation and Deregulation

Moderator: Robert Klein, Georgia State University 

1.  "The Impact of Enforcement and Penalty Severity on Regulatory Compliance: Evidence from Compulsory Automobile Insurance Laws"
Cassandra Cole, The University of Georgia
Randy E. Dumm, Florida State University
Kathleen A. McCullough, The University of Georgia

2.  "The Impact of Commercial Lines Deregulation on the Surplus Lines Insurance Market"
David T. Russell, Illinois State University

3.  "The Impact of Deregulation on an Oligopoly Insurance Market"
Larry Y. Tzeng, National Taiwan University, Taiwan
Jennifer L. Wang, National Chengchi University, Taiwan
En-Lin Wang, National Chengchi University, Taiwan

4.  "The Effect of Regulated versus Market Risk on the Capital Structure of Life Insurers: A Structural Equation Modeling Approach"
Etti G. Baranoff, Virginia Commonwealth University
Savas Papadopoulos, Rice University
Thomas W. Sager, The University of Texas at Austin

 12:00 - 1:30 PM President's Luncheon, hosted by ARIA President Jack Nelson on the topic "Asset Risk for  Insurers".

1:45 - 3:15 PM PLENARY SESSION II:  Data Mining: King's Ransom or Fool's Gold

Moderator: Richard Derrig, Senior Vice President, Automobile Insurers Bureau, Boston, MA

Panelists: Andrew W. Lo, Harris & Harris Group Professor & Director for Financial Engineering, MIT Sloan School of Management, Cambridge, MA
J. T. Lehman, Data Mining Specialist, Intelligent Technologies Corp., Austin, TX
Martin E. Ellingsworth, Manager-Data analysis Claims, Fireman’s Fund Insurance Co., Novato, CA

 3:15 - 3:30 PM Break

 3:30 - 5:00 PM CONCURRENT SESSION II

 Session M.2-A: Assessing Financial Performance of Insurers

Moderator: James Carson, Illinois State University

1.  "’Economic Value Added’ and Life Insurer Stock Performance"
Vickie L. Bajtelsmit, Colorado State University
John W. Ellis, Colorado State University
Paul L. Gronewoller, Colorado State University

2.  "Rating Effects on Insurance Company Stock Returns"
Martin Halek, University of Pennsylvania

3.  "Information Reliability and Divergence of Opinion Among Rating Agencies"
Steven W. Pottier, University of Georgia
David W. Sommer, University of Georgia

4.  "The Financial Effects of Rating Changes on Property-Liability Insurers"
Karen Epermanis, University of Hartford

Session M.2 -B: Emerging International Markets

Moderator:  Jerry Todd, St Mary University

1.  "Chinese Insurance Market: Opportunities and Challenges"
Weili Lu, California State University, Fullerton
Wei Zheng, Beijing University, China

2.  "Transformation of the Insurance Industry in Croatia"
Marijana Knezevic, Vienna University of Economics and Business Administration, Austria
Monika Pranjic, Vienna University of Economics and Business Administration, Austria
Michael Theil, Vienna University of Economics and Business Administration, Austria

3.  "The Taxonomy of Transition from Communism to Market-based Insurance Transactions: A Case Study of  Poland, the Czech Republic and Hungary"
Mark S. Dorfman, The University of North Carolina at Charlotte
Karl C. Ennsfellner, Institut fur Versicherungswirtschaft, Austria

4.  "Is NAFTA the Trojan Horse for the US Insurance Industry?"
Tapen Sinha, Instituto Tecnologico Autonomo de Mexico, Mexico
Joyce Sadka, Instituto Tecnologico Autonomo de Mexico, Mexico

 Session M.2 -C:   Managing Risk for the Elderly

Moderator: Sandra Gustavson, The University of Georgia

1.  "Is Raising Medicare Coinsurance Pareto Improving under Perfect Information and Markets?
Arthur Hau, Tamkang University, Taiwan

2.  "Consumer Medical Care Preferences as a Predictor of Prescription Drug Insurance Coverage in the Elderly"
Julie M. Ganther, University of Iowa
David H. Kreling, University of Wisconsin - Madison

3  "Implications of Alternative Medicare Prescription Drug Proposals for Beneficiary Catastrophic Burden"
James W. Mays, Actuarial Research Corporation, Virginia
Molly L. Schaefer, Actuarial Research Corporation, Virginia

4.    "In Sickness and In Health: An Annuity Approach to Financing Long-term Care and Retirement Income"
Mark Warshawsky, TIAA-Cref Research, New York, NY
Christopher M. Murtaugh, Center for Home Care Policy and Research, New York
Brenda C. Spillman, Urban Institute, Washington, DC

Session M.2 -D: Managing Catastrophic Risks

Moderator: Richard Corbett, Florida State University

1.  “Does Zero-beta Accurately Measure Catastrophic Bond Risk?”
Arthur Hogan, Office of Thrift Supervision, Washington, DC
David Nickerson, Office of Thrift Supervision, Washington, DC

2.  “The Supply and Demand for Homeowners Insurance With Bundled Catastrophe Coverages”
Martin F. Grace, Georgia State University
Robert W. Klein, Georgia State University
Paul Kleindorfer, University of Pennsylvania

3.  “Managing Catastrophic Risk with Insurance Contracts Subject to Default Risk”
J. David Cummins, University of Pennsylvania
Olivier Mahul, INRA, Rennes, France

4.  “Cataclysmic Risk”
Kent Smetters, University of Pennsylvania

5:00 - 5:45 PM Annual Business Meeting

6:00 - 7:00 PM Reception

 TUESDAY, AUGUST 8

 7:30 - 8:30 AM Breakfast:     Les Strickler Innovation in Instruction Award

 8:00 - 12:00 NOON Registration

 8:45 - 10:15 AM  CONCURRENT SESSIONS III

 Session T.3 -A:  Contracting: Moral Hazard and Other Issues

Moderator: Jan Ambrose, LaSalle University

1.  "Contracting Under Ex Post Moral Hazard and Non-Commitment"
M. Martin Boyer, Hautes Etudes Commerciales, Montreal, Canada

2.  "Insurance with Indemnity and Basis Risk (Moral Hazard Basis Risk and Gap Insurance)"
Neil Doherty, The University of Pennsylvania
Andreas Richter, The University of Pennsylvania
David Croson, The University of Pennsylvania

3.  "Conversions to Cash Balance Plans: An Implicit Contract Perspective"
Greg Niehaus, University of South Carolina
Tong Yu, University of South Carolina

4.  "Insurance Contract Language and Non-OEM Parts"
James M. Carson, Illinois State University
David C. Marlett, Illinois Wesleyan University
David Marvin, Illinois Wesleyan University

Session T.3 -B: The Asian Insurance Market

Moderator:  Gene Lai, University of Rhode Island

1.  "The Impact of Asian Financial Crisis on Asian Insurance Companies"
Renbao Chen, National University of Singapore
Doris Yu, National University of Singapore

2.  "Insurance Regulations and Investment Returns in Asia"
Renbao Chen, National University of Singapore
Adrian Tan, National University of Singapore

3.  "The Effects of Demographic Similarity on the Performance and Turnover of the Sales Branches and Solicitors in the Korean Life Insurance Industry"
Kiseok Oh, Chodang University, Korea

4.  "Forecasting the Commercial Pension Market in Shanghai"
Yu Ziyou, Lingnan University, Hong Kong

Session T.3 -C: Organizational Forms and Performance

Moderator:  Etti Baranoff, Virginia Commonwealth University

1.  "An Economic Analysis of Demutualization in the Insurance Industry"
Krupa Subramanian, Temple University

2.  "Mutual Cooperative as a Game"
Hong Wu, University of Gothenburg, Sweden

3.  "Financial Economics of Life Insurer Mergers"
Ryan B. Lee, University of Calgary
Sandra G. Gustavson, The University of Georgia
Steven Pottier, The University of Georgia

4.  "The Impact of Diversification and Focus on Property-Liability Insurers"
Robert E. Hoyt, The University of Georgia
Kathleen A. McCullough, The University of Georgia

Session T.3 -D: Fraud and Claim Characteristics

Moderator: Vickie Bajtelsmit, Colorado State University

1.  "Fighting Insurance Fraud: Insurers, Regulators and Consumers"
Han B. Kang, Illinois State University

2.  "Replacement Cost Endorsement and Opportunistic Fraud in Automobile Insurance"
Georges Dionne, Ecole des Hautes Etudes Commerciales, Montreal, Canada
Robert Gagne, Ecole des Hautes Etudes Commerciales, Montreal, Canada

3.  "Fraud Classification Using Principal Component Analysis RIDIT"
Patrick L. Brockett, The University of Texas at Austin
Richard A. Derrig, Automobile Insurers Bureau of Massachusetts
Linda L. Golden, University of Texas at Austin
Arnold Levine, Tulane University
Mark Alpert, University of Texas at Austin

4.  "Insurance Claims and Legal Findings: Trends from 1977-1997"
Mark J. Browne, University of Wisconsin – Madison
Joan T. Schmit, University of Wisconsin - Madison

10:15 - 10:30 AM Break

10:30 - 12:00 NOON CONCURRENT SESSIONS IV

Session T.4 -A : Efficiency Analysis in the Insurance Industry

Moderator: Patrick Brockett, University of Texas at Austin

1.  "The Impact of Deregulation of Liberalization on Efficiency: An Analysis of Life Insurance Industry in Taiwan"
Vivian S.C. Jeng, University of Rhode Island
Gene C. Lai, University of Rhode Island
June H. Soo, National Taiwan University, Taiwan

2.  "Technical, Scale and Allocative Efficiencies of the Property and Liability Insurance Industry"
Beverly J. Frickel, University of Central Oklahoma
M. Kabir Hassan, University of New Orleans

3.  "Efficiency of the German and of the Austrian Insurance Industry - A Comparison"
Randy Anderson, Samford University
Karl C. Ennsfellner, Vienna University of Economics and Business Administration, Austria
Jochen Rub, Institut fur Finanz- und Aktuarwissenschaften, Germany

4.  "Effects of Organizational Forms on Firm Efficiency: Keiretsu and Independent Firms in the Japanese Non-Life Insurance Industry"
Jaehyun Kim, Temple University

Session T.4 -B: The Impact of the Internet on Insurance

Moderator: Lorilee Schneider, Georgia State University

1.  "On the Implications of the Internet for Insurance Markets and Institutions"
James R. Garven, Baylor University

2.  "Independent Agency Internet Use Survey"
Laureen Regan, Temple University

3.  "The Impact of the Internet on Pricing in the Life Insurance Industry"
Jeffrey R. Brown, Harvard University and NBER
Austan Goolsbee, University of Chicago and NBER

4.  "An Examination of Internet Impact on Insurance Consumers in Korea: A Web-based Survey Approach"
Hunsoo Kim, Soonchunhyang University, Korea
Gwangyong Gim, Soongsil University, Korea
Gwangki Son, Financial Supervisory Services of Korea & Visiting Research Fellow at NAIC 

Session T.4 -C: Risk Hedging and Transfers: An Economic Analysis

Moderator: Steven Pottier, University of Georgia

1.  “Hedging, Compensation and Earnings Surprises”
Neil Doherty, University of Pennsylvania
Sven Sinclair, University of Pennsylvania

2.  “A Monopolist’s Demand for Risk Control and Financial Risk Transfer”
S. G. Ashby, University of Nottingham Business School, UK
S. R. Diacon, University of Nottingham Business School, UK

3.  “Preserving Insurance-Demand Preferences Under Background Risks”
Harris Schlesinger, University of Alabama
Christian Gollier, University of Toulouse

4.  “Increases in Risk with Multiple Decisions”
Michael R. Powers, Temple University
Larry Y. Tzeng, National Taiwan University, Taiwan

Session T.4 -D: Workers’ Compensations Issues and Valuation of Life

Moderator: Jack Worrall, Rutgers University

1.  “International Comparison of Benefit Delivery Systems for Workers’ Compensation”
Gregory Krohm, Krohm Insurance Strategies, Madison, Wisconsin

2.  “Choice of Medical Care Provider and Workplace Injuries”
Leslie I. Boden, Boston University
John W. Ruser, Bureau of Labor Statistics, Washington, DC

3.  “Psychological and Economic Correlates of Work Injuries”
Hui Liao, University of Minnesota
Richard D. Arvey, University of Minnesota
Richard J. Butler, University of Minnesota
Steven M. Nutting, City of Minneapolis

4.  “Risk, the Willingness-to-Pay, and the Value of a Human Life”
William P. Jennings, California State University Northridge
Penelope R. Jennings, California State University Northridge

12:15 - 2:00 PM Past Presidents' Luncheon

 2:15 - 3:45 PM PLENARY SESSION III :  “Risk Management in the New Economy”

Moderator:  James Garven, Baylor University 

Panelists: Steve Haase, Chief Executive Officer, INSUREtrust.com, Atlanta, GA
Jeffrey Hunker, National Security Council, Washington, DC
Detmar Straub, Professor of Computer Information Systems, Georgia State University, Atlanta, GA

3:45 - 4:00 PM Break

4:00 - 5:15  CONCURRENT SESSIONS V

 Session T.5 -A: Reinsurance and Catastrophes

Moderator: Jeffrey Brown, Harvard University

1.  "Catastrophe Index-Linked Securities and Reinsurance as Substitutes"
Martin Nell, Johann Wolfgang Goethe-University, Frankfurt/Main, Germany
Andreas Richter, University of Hamburg, Germany

2.  "On the Valuation of Double Trigger Reinsurance Products"
Helmut Grundl, Humboldt-University, Berlin, Germany
Hato Schmeiser, Humboldt-University, Berlin, Germany

3.  "The Global Market for Reinsurance: Consolidation, Capacity, and Efficiency"
J. David Cummins, University of Pennsylvania
Mary A. Weiss, Temple University

4.  “The Basis Risk of Catastrophic-Loss Index Securities”
J. David Cummins, University of Pennsylvania
David Lalonde, Applied Insurance Research
Richard D. Phillips, Georgia State University

Session T.5 -B: Analysis of the Impact of Consolidation in the Financial Services Industry

Moderator: Steven Weisbart, TIAA-CREF, New York

1.  "Organizing Financial Service Providers: Does Focus Matter?"
Conrad S. Ciccotello, Georgia State University
James A. Miles, Pennsylvania State University
Lori S. Walsh, Pennsylvania State University

2.  "The Profitability and Risk Effects of the US Insurance Companies Diversification Into Banking Business: An Empirical Analysis"
Mohamed Nurullah, City University Business School, UK
Chizu Nakazima, City University Business School, UK
Elias Dinenis, City University Business School, UK

3.  "Distribution of Financial Services: Personal Insurance and Banking"
Mary Kelly, Wilfrid Laurier University, Canada
Alli Natha, University of Calgary, Canada

4.  "Wealth Effects of Banks’ Rights to Market and Originate Annuities"
Mark L. Power, Iowa State University
Arnold R. Cowan, Iowa State University
Jann C. Howell, Iowa State University

Session T.5 -C: Statistical and Quantitative Methods Applied to Insurance Problems

Moderator: Martin Grace, Georgia State University

1.  "Soft Computing Applications in Insurance"
Arnold F. Shapiro, Penn State University

2.  "Ruin Theory in a Financial Corporation Model with Credit Risk"
Hailiang Yang, The University of Hong Kong, Hong Kong

3.  "The Underwriting Cycle: Stationarity and Stability"
Chao-chun Leng, Temple University

4.  "Do Underwriting Margins Have Unit Roots?"
Scott Harrington, University of South Carolina
Tong Yu, University of South Carolina

Session T.5 -D: Financial Analysis of Assets and Liabilities

Moderator:  James Garven, Baylor University

1.  “A Unified Valuation Model for Insurance Assets and Liabilities”
David F. Babbel, University of Pennsylvania
Craig B. Merrill, Brigham Young University
Algis Remeza

2. “The Effective Duration for P-L Liabilities with Stochastic Interest Rates”
Stephen P. D’Arcy, University of Illinois
Richard W. Gorvett, University of Illinois

3. “Financial Engineering of Property/Casualty Insurance Cash Flows”
Stanley Mutenga, City University, UK
Elias Dinenis, City University, UK
Alan Punter, City University, UK

4.  “Multifactor Interest Rate Models and Dynamic Financial Analysis”
Kevin C. Ahlgrim, University of Chicago at Urbana-Champaign

WEDNESDAY, AUGUST 9

 7:30 - 8:30 AM Breakfast

8:45 - 10:15 AM CONCURRENT SESSIONS VI

Session W.6 -A: Pension and Retirement Issues

Moderator:  Bruce Palmer, Georgia State University

1.  “Market Share Modeling in a Mandatory Privatized Pension Market”
Tapen Sinha, Instituto Tecnologico Autonomo de Mexico, Mexico
Victor M. Guerrero, Instituto Tecnologico Autonomo De Mexico, Mexico

2.  “Professional Financial Advisors and the Role of Social Security in Retirement Planning”
L. Lee Colquitt, Auburn University
Randy E. Dumm, Florida State University
Robert E. Hoyt, The University of Georgia

3.  “Differential Mortality and the Value of Individual Account Retirement Annuities”
Jeffrey R. Brown, Harvard University

4.  “The Role of Government Guarantees for Private Pensions:  Canada’s Natural Experiment”
Norma L. Nielson, University of Calgary, Canada
David Chan, University of Calgary, Canada

Session W.6 -B: Value at Risk and Risk Exposure

Moderator: David Cummins, University of Pennsylvania

1.  “Life Insurance Company Risk Exposure with Risk-Based Capital Requirements: Accounting and Market Based Analysis”
Raha Bouzouita, Central Missouri State University
Arthur J. Young, Central Missouri State University

2. “An Empirical Study on the Solvency Prediction of Value at Risk and Risk Based Capital”
Pi-Ju Lu, National Chengchi University, Taiwan
Chenghsien Tsai, National Chengchi University, Taiwan

3.  “Value at Risk for the Reserves of Multi-Product Life Insurers”
Meng-Yi Li, National Chengchi University, Taiwan
Chenghsien Tsai, National Chengchi University, Taiwan

4.  “Comparing Different Methods of Calculating Value at Risk”
Tapen Sinha, Instituto Autonomo de Mexico, Mexico
Francisco Chamu’, Bank of Mexico, Mexico 

Session W.6 -C: Comparative Analysis of Risk Management Practices and Performances

Moderator: Gilles Bernier, Laval University, Canada

1.  “Risk Management Practices: An Empirical Analysis of the UAE Commercial Banks
Hussein A. Hassan Al-Tamimi, United Arab Emirates University, UAE

2.  “Risk Management Practices: A Comparison of U.S. and Canada
Anne E. Kleffner, University of Calgary, Canada
Bill McGannon, University of Calgary, Canada

3.  “A Comparative Study of the Strategic Group and Performance Relationship in the Insurance Industry: U.S. Versus Non-U.S. Insurers”
Victor A. Puleo, College of Charleston
Dan Marlin, College of Charleston

4.  “Implementation, Mitigation and Limited Liability: An Agency Model of Public Disaster Insurance”
Lanny Arvan, University of Illinois
David Nickerson, American University

Session W.6 -D: Behavioral Research and Insurance

Moderator:  Robert Harshbarger, Mississippi State University

1.  "Construction of an Index of Economic Insecurity"
Joseph D. Haley, St. Cloud State University
George E. Rejda, University of Nebraska-Lincoln

2.  "Economic, Demographic, and Psychological Factors Effecting the Decision to Voluntarily Insure"
Marina Economidou, University of Exeter, UK

3.  "A Survey on the Impact of Consolidation in the Insurance Broking Sector in Singapore"
Wah Chin Yee, Nanyang Technological University, Singapore

4.  "The Influence of Reputation on Strategic Dynamics"
Tamela D. Ferguson, Colorado State University
William L. Ferguson, University of Louisiana at Lafayette

10:15 - 10:30 AM Break

10:30 - 12:00 Noon CONCURRENT SESSIONS VII 

Session W.7 -A: Innovations in Risk Management and Insurance Education

Moderator: Lisa Gardner, Bradley University

1.  "Estimating Relative Demand for Business Courses at a Major State University"
   Larry A. Cox, The University of Mississippi
   Aurore Jose Kamssu, The University of Mississippi

2.  "A Converging Risk Management Curriculum"
Anne E. Kleffner, University of Calgary, Canada
Ryan B. Lee, University of Calgary, Canada
Norma L. Nielson, University of Calgary, Canada

3.  "Web-Based Instruction: Successful Preparation for Course Transformation"
Mary Ann Boose, Indiana State University

4.  "Innovations in Education in Insurance and Risk Management: A High School Summer Honors Seminar"
Mary Ann Boose, Indiana State University 

Session W.7 -B: Automobile Risk and Insurance

Moderator: Sharon Tennyson, Cornell University

1.  "The Effect of Seat Belt Usage Rates on the Number of Motor Vehicle-Related Fatalities"
Richard A. Derrig, Automobile Insurers Bureau of Massachusetts
Maria Segui-Gomez, Injury Control Research Center, Harvard School of Public Health
Ali Abtahi, Injury Control Research Center, Harvard School of Public Health

2.  "Adjusting Statewide Automobile Physical Damage Loss Trend Indications for Regional Influences: A Pooled Modeling Approach"
Jay Hecht, Ramapo College of New Jersey

3.  "The AAA Michigan Road Improvement Demonstration Program: An Analysis of the Effectiveness of Using Safety Enhancements to Help Reduce Societal and Insurance Costs"
David J. Feber, AAA Michigan, Dearborn, Michigan
Judith M. Feldmeier, AAA Michigan, Dearborn, Michigan
Keith J. Crocker, University of Michigan

4.  “Wireless Technology and Automobile Accidents”
Norm Baglini, Temple University

Session W.7 -C: Ethical and Public Policy Issues

Moderator:  Phil Stichter, Griffith Foundation for Insurance Education

1. "The Ethical Environment of the U.S. Insurance Industry"
Robert W. Cooper, Drake University
Garry L. Frank, Drake University

2.  "Public Policy Issues Concerning State-Specific Insurance Companies"
Claude Lilly, University of North Carolina at Charlotte
David C. Marlett, Illinois Wesleyan University

3.  “Economically Feasible and Politically Motivated Outcomes in a Two-tiered Market”
Susan J. Suponcic, IMS Health Consulting

4.  "Gender and Earnings in the Insurance Industry"
Thomas M. Carroll, University of Nevada - Las Vegas
Paul D. Thistle, University of Nevada - Las Vegas

Session W.7 -D:  Current Insurance Issues

Moderator: Lee Colquitt, Auburn University

1.  “Toward Optimal Corporate Cost-of-Risk Allocation”
Lorilee A. Schneider, Ph. D., Georgia State University

2. “Tax Arbitrage in the Austrian Insurance Market: An Empirical Analysis”
Dr. Karl C. Ennsfellner, Wirtschaftsuniveritaet Wien, Austria
Dr. Jochen Russ, Institut fuer Finanz- und Aktuarwissenschaften, Austria

3.  "Tracking Personal Lines Market Share Shifts After Hurricane Andrew"
Richard Corbett, Florida State University