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President   William L. Ferguson
University of Louisiana, Lafayette
President-Elect   Gene C. Lai
Washington State University
Vice-President / Program Chair   Anne E. Kleffner
University of Calgary
Secretary / Treasurer   William Feldhaus
Georgia State University
Past President   Beverly J. Frickel
University of Nebraska at Kearney



President   Gene C. Lai
Washington State University
President-Elect   Anne E. Kleffner
University of Calgary
Secretary / Treasurer   William Felhaus
Georgia State University
Vice-President / Program Chair   Randy Dumm
Florida State University
Past President   William L. Ferguson
University of Louisiana, Lafayette
Editor: Journal of Insurance Issues   James M. Carson
Florida State University

Western Risk & Insurance Association, 2003
37th Annual Meeting – Maui, Hawaii

The Board of Directors, Officers and Members of WRIA express their deepest gratitude to the sponsors of the 37th Annual Meeting

  • Auburn University
  • Bradley University
  • California State University – Northridge
  • Florida State University
  • Georgia State University
  • Griffith Foundation for Insurance Education
  • Illinois State University, Katie School
  • Indiana State University
  • Miami University of Ohio
  • St. John’s University
  • St. Mary’s University, San Antonio
  • Temple University
  • University of Calgary
  • University of Georgia
  • University of Louisiana at Lafayette
  • University of Nebraska at Kearney
  • University of North Carolina at Charlotte
  • University of North Texas
  • University of Texas (?)
  • Washington State University

Friday, January 3, 2003
8:30 AM – 12:15 PM Sessions Begin and Registration Continues
8:30 AM – 9:30 AM Session A Room: Haleakala

Topic: Foreign Insurance Markets
Moderator: James Carson

  1. “Determinants of Insurance Acceptance and Adoption at the Provincial Level in China”
    J. Tim Query, Illinois Wesleyan University
    Zhenhu Jin, Valparaiso University
  2. “Macro-Level Risk and the Choice of Entry Mode into Eastern Bloc Countries”
    David Russell, California State University, Northridge
    Meredith Downes, Illinois State University
  3. “Market Entry and Competition in Chinese Insurance Markets”
    William L. Ferguson, Tamela D. Ferguson, University of Louisiana at Lafayette

9:30 AM –9:45 AM Coffee Break

9:45 AM – 10:45 AM Session B Room: Haleakala

Topic: Pedagogical Issues in Risk Management and Insurance
Moderator: Patricia Born

  1. “Models for Life Insurance Planning & How to Apply Them in the Classroom”
    Dr. Jerry D. Todd, St. Mary’s University
  2. “Domestic Investment Bias Among Student-Managed Investment Portfolios”
    William P. Jennings & Penelope Jennings, California State University, Northridge
  3. “A Portfolio of Tools for Internal Assessment of Undergraduate Risk Management and Insurance Programs”
    William R. Feldhaus & Lorilee A. Schneider, Georgia State University

10:45 AM –11:00 AM Coffee Break

11:00 AM – 12:15 PM Session C Room: Haleakala

Topic: Issues in Financial Planning
Moderator: Joseph Haley

  1. “Maximizing After-Tax Discounted Ordinary Income Over a Fixed Time Horizon”
    Peter M. Ellis, Utah State University
  2. “Determinants of Earnings in Financial Services Sales: Real Estate, Insurance and Securities”
    Thomas M. Carroll & Paul D. Thistle, University of Nevada Las Vegas
  3. “Bellwethers of Single Premium Deferred Annuity Performance”
    James M. Carson & Randy E. Dumm, Florida State University
  4. “Soft Computing Approaches to Financial Engineering”
    Arnold F. Shapiro, Penn State University

Friday Presentation Sessions End

Saturday, January 4, 2003
8:30 AM – 12:15 PM

8:30 AM – 9:30 AM Session D Room: Haleakala|

Topic: Liability Issues
Moderator: David Russell

  1. “Interdisciplinary Approaches to Analyzing Insurance Industry Vulnerabilities to Climate Change”
    Evan Mills, Lawrence Berkeley National Laboratory
  2. “Bodily Injury Liability and Residential Property Values: Canine Risks”
    Phillp T. Kolbe & Nancy A. Kratzke, The University of Memphis
    Michael J. McNamara, Washington State University
  3. “Asbestos and Environmental Reserves Increases and Shareholder Wealth”
    L. Lee Colquitt, Auburn University
    Robert E. Hoyt, University of Georgia
    Kathleen A. McCullough, Florida State University

9:30 AM –9:45 AM Coffee Break

9:45 AM – 10:45 AM Session E Room: Haleakala

Topic: Insurer Efficiency
Moderator: William Jennings

  1. “Implementing Straight Through Processing in Insurance Companies”
    S. Karthik & K. Saravanan, TATA Consultancy Services
  2. “Effectiveness of Insurance Company Mergers”
    Beverly Frickel, University of Nebraska at Kearney
  3. “Ownership of Structure & Efficiency: Life Insurer Demutualizations in U.S.”
    Vivian Jeng, National Chengchi University
    Gene C. Lai & Michael McNamara, Washington State University

10:45 AM –11:00 AM Coffee Break

11:00 AM – 12:00 PM Session F Room: Haleakala

Topic: Empirical Evidence: Life, Worker’s Compensation and Pricing
Moderator: Anne Kleffner

  1. “Effective Duration of Life Insurance Policies Estimated with Empircal Surrender Behaviors”

  2. Tzu-Ting Lin & Chenghsien Tsai, National Chengchi University
  3. “A Study on the Adequacy of Business Classification in Workers’ Compensation Insurance: The Korean Case”
    D. Han Chang, KonKuk University
  4. “On Pricing Dependent Insurance Portfolios”
    Rohan S. Ambagaspitiya, University of Calgary

Saturday Presentation Sessions End

Saturday, January 4, 2003
12:15 – 1:30 PM WRIA Sponsored Luncheon - Holokai
1:30 – 2:00 PM WRIA Annual Business Meeting

Sunday, January 5, 2003
8:30 AM – 11:00 PM Regular Sessions Continue

8:30 AM – 9:45 AM Session G Room: Haleakala

Topic: Property-Liability Insurance: Profitability, Underwriting Cycles, and Distribution
Moderator: Lee Colquitt

  1. “Self-Organized Criticality and the Property-Liability Underwriting Cycle”
    Joseph D. Haley, St. Cloud State University
  2. “The Impact of Industrial Demand of Capital on IPO Activities: Evidence from Property and Liability Insurance Firms”
    Bing-Xuan Lin, Mulong Wang, Tong Yu, University of Rhode Island
  3. “The Impact of Firm Franchise Value on Asset Allocation: An Analysis of Property-Liability Insurance Firms”
    Tong Yu, Bing-Xuan Lin, Henry R. Oppenheimer, University of Rhode Island
  4. “The Distribution of Personal Property-Liability Insurance in Canada”
    Anne E. Kleffner, University of Calgary

9:45 AM –10:00 AM Coffee Break

10:-00 AM – 11:00 AM Session H Room: Haleakala

Topic: Health Insurance
Moderator: Randy Dumm

  1. “Risk Transfers by Health Maintenance Organizations”
    Patricia H. Born, California State University, Northridge
  2. “Genetic Testing and Adverse Selection”
    Richard McMinn, Illinois State University
    Patrick Brockett, University of Texas
  3. “Enforcing Information Asymmetry: South Africa’s Health Insurance Sector”
    Hugh-David Hutcheson, University of the Witwatersrand

WRIA 37th Annual Meeting Concludes