RICHARD B. CORBETT EDUCATION

Transcription

1 EDUCATION RICHARD B. CORBETT Department of Risk Management & Insurance, Real Estate, and Legal Studies College of Business Florida State University Tallahassee, Florida (850) (850) FAX Ph.D., Georgia State University, 1974 (Insurance) Dissertation: "A Study of Physicians' and Surgeons' Professional Liability Insurance" M.B.A., Georgia State University, 1970 (Finance) B.B.A, Georgia State University, 1968 (Insurance) B.A., Georgia State University, 1967 (Sociology) PROFESSIONAL DESIGNATIONS AND RECOGNITIONS PIA Foundation Insurance Educator of the Year, National Association of Professional Insurance Agents, 1994 ARM, Insurance Institute of America, 1980 CPCU, American Institute for Property and Liability Underwriters, 1977 CLU, The American College, 1975 ACADEMIC AND PROFESSIONAL EXPERIENCE Florida State University, Department of Risk Management and Insurance, Associate Professor/Professor (Since 1989, The Independent Life and Accident Insurance Company Professor) Seattle University, The Thomas F. Gleed Professor of Business Administration, Albers School of Business and Economics Florida State University, College of Business, Director of Master's Programs University of Iowa, Department of Business Administration, Assistant/Associate Professor Southern Illinois University at Carbondale, Department of Finance, Assistant Professor University of Texas at Austin, Department of Finance, Visiting Assistant Professor Georgia State University, Department of Insurance, Teaching Assistant Piedmont Southern Life Insurance Company, Manager, Group New Business (Issue and Underwriting)

2 RICHARD B. CORBETT, Page 2 COURSES TAUGHT Florida State University Principles of Risk Management and Insurance Life and Health Insurance Company Operations Property and Liability Insurance Contracts Commercial Risk Management Business Insurance and Estate Planning Advanced Property and Liability Insurance Contracts RMI Senior Seminar Insurance Planning and Wealth Management Risk Management in the Business Enterprise (Graduate) Seminar in Risk and Insurance Theory (Graduate) Seminar in Life and Health Insurance (Graduate) Property and Liability Insurance Contract Analysis (Graduate, Online) Seattle University Principles of Risk Management and Insurance Risk Assessment and Analysis Enterprise Risk Management Introduction to Risk Management (Graduate) University of Iowa Principles of Insurance Property and Liability Insurance Life and Health Insurance Risk Management Employee Benefits (Graduate) Risk Theory (Graduate) Southern Illinois University Principles of Insurance Personal Finance Corporate Finance Health Care Financing (Graduate) University of Texas Principles of Insurance Group and Social Insurance Life and Health Insurance Georgia State University Principles of Insurance

3 RICHARD B. CORBETT, Page 3 PUBLISHED ARTICLES REFEREED Wang, Yuling, and Corbett, Richard Market Efficiency: Evidence from Market Reactions of Insurance Industry Stocks to the September 11 Event. Journal of Insurance Issues 31 (Fall): Cole, Cassandra, Corbett, Richard, Dumm, Randy, Gatzlaff, Kevin, Maroney, Patrick, McCullough, Kathleen, and Newman, Jay Potential Solutions to the Sinkhole Problem in Florida. CPCU ejournal (December): 1-9. Cole, Cassandra, Corbett, Richard, and McCullough, Kathleen Hurricane Losses: Testing the Lessons Learned from Hurricane Andrew. CPCU ejournal (March): 1-9. Corbett, Richard A View of the Future of Risk Management. Risk Management: An International Journal 6 (3): Corbett, Richard A History of the American Risk and Insurance Association Part II. Risk Management and Insurance Review 5 (Spring) Avila, Stephen, Eastman, Kevin, Corbett, Richard, and Bratton, John Stock Market Reactions and Information Transfer Due to Financial Instability in the Life Insurance Industry. Risk Management and Insurance Review 3 (Fall): Marlett, David, Corbett, Richard, and Pacini, Carl Insurer Stock Price Responses to the Disclosure of Revised Insured Loss Estimates After the 1994 Northridge Earthquake. Journal of Insurance Issues 23 (Fall): Corbett, Richard A History of the American Risk and Insurance Association. Risk Management and Insurance Review 3 (Spring): Marlett, David and Corbett, Richard The Potential Impact of Proposed Multi- Peril Underwriting on Catastrophe Loss Variability. Journal of Insurance Regulation 16 (Spring): Cassidy, Steven, Corbett, Richard, and Cassidy, Jeffrey "Workers' Compensation Issues in Commercial Space Operations." The Journal of Insurance Issues 16 (October): Sutton-Bell, Nancy, Corbett, Richard, Lilly, Claude, and Marshall, Robert "What States Are Doing To Control Health Insurance Costs." Benefits Quarterly 9 (Third Quarter):

4 RICHARD B. CORBETT, Page 4 PUBLISHED ARTICLES REFEREED (Cont'd) Corbett, Richard and Nelson, Jack A Comparison of Term Rates to Protection- Related Charges in Universal Life Insurance. The Journal of Risk and Insurance 59 (September): Briscoe, Nat and Corbett, Richard Attitudes Toward Risk of Accounting Practitioners. The Journal of Insurance Issues 15 (January): Baginski, Stephen; Corbett, Richard; and Ortega, Bill Catastrophic Events and Retroactive Liability Insurance: The Case of the MGM Grand Fire. The Journal of Risk and Insurance 58 (June): Cassidy, Steve; Constand, Richard; and Corbett, Richard Investor Perceived Value of Risk Management. The Journal of Risk and Insurance 57 (December): Corbett, Richard Some Factors to Consider in Retirement Annuity Selection. Benefits Quarterly 3 (Second Quarter): Nicholson, Jack and Corbett, Richard Key Man Insurance and Market Reaction: A Comment. The Journal of Insurance Issues and Practices 10 (January): Corbett, Richard A Critique of the NAIC's Urban Reinvestment Report. Journal of Insurance Regulation 1 (June): Corbett, Richard and Leap, Terry Medical Malpractice Arbitration. Medical Group Management 29 (July/August): 20, 22-24, 26. Murray, Michael and Corbett, Richard Consumer Perceptions of Small Differences in Life Insurance Costs. The Journal of Insurance Issues and Practices 4 (January): Corbett, Richard, Fethke, Carol, and Hauserman, Nancy Achieving Economic Justice for Homemakers. Journal of Home Economics 72 (Summer): Corbett, Richard Analyzing Cost Differences in Life Insurance. The Journal of Consumer Affairs 12 (Winter): Corbett, Richard The Medical Malpractice Insurance Problem: Are Limitations on the Amount of Recovery a Viable Solution? CPCU Annals 30 (June): Corbett, Richard and Booker, Jon Expanding the Market for Accountants' Professional Liability Insurance. CPCU Annals 29 (September):

5 RICHARD B. CORBETT, Page 5 PUBLISHED ARTICLES REFEREED (Cont'd) Corbett, Richard The Homeowners 'Off-the-Premises' Extension: Invitation to Litigation. Insurance Counsel Journal 43 (July): PUBLISHED ARTICLES NOT REFEREED Corbett, Richard Some Risk Management Considerations for Homeowners Associations and Condominium Associations. Florida Insurance School News 9 (September): 1-4. Hamilton, Karen, and Corbett, Richard Covering Hurricane Loss with State Pools: Do Positive Externalities Exist? Proceedings of the National Business and Economics Society 6 (March): 20 pages on CD-ROM. Corbett, Richard, and Tippins, Steven U.S. Insurance History and the Effect on the Insurance Industry in China. Journal of Insurance Reports. Corbett, Richard Risk Management Lessons for the Agent from CAT 48. Florida Insurance School News 5 (July): 1-2. Corbett, Richard Some Thoughts on the Current Crime Insurance Forms. Florida Insurance School News 2 (April): 1-2. Corbett, Richard Some Risk Management Momilies. Florida Insurance School News 2 (June): 1-2. Corbett, Richard "Toward Solving Medical Malpractice Problems." Risk Management 26 (April): 70-72, 74. OTHER PUBLICATIONS Cole, Cassandra, Carson, James, Corbett, Richard, Dumm, Randy, Maroney, Patrick, and McCullough, Kathleen Development of Instructional Materials for State Farm Insurance Companies. Prepared under a grant. Cole, Cassandra, Corbett, Richard, Dumm, Randy, Gatzlaff, Kevin, Maroney, Patrick, McCullough, Kathleen, and Newman, Jay A Study of Sinkhole Insurance Problems in Florida. Prepared for the Florida Office of Insurance Regulation under a grant. Corbett, Richard Essentials of Risk Management. Chapter in Vinturella, John and Erickson, Suzanne Raising Entrepreneurial Capital. Burlington, MA: Elsevier Butterworth Heinemann.

6 RICHARD B. CORBETT, Page 6 OTHER PUBLICATIONS (Cont'd) Corbett, Richard B Review of Insurance Agent License Examination Exemptions Under Florida Statutes Section Prepared for the Florida Department of Insurance. Corbett, Richard B Curriculum Modules on Ethics for Use in Courses in Risk Management and Insurance. Institute for Insurance Ethics, Illinois State University. Butler, Ann; Corbett, Richard; Diskin, Barry; Eastman, Kevin; Gatzlaff, Dean; Lilly, Claude; and Maroney, Patrick Study of Insurance Coverage for Sinkhole Damage. Prepared for the Florida Department of Insurance under a grant. Corbett, Richard Student Study Guide (for Fundamentals of Risk and Insurance by Vaughan) (New York: John Wiley & Sons, Inc.). Sutton-Bell, Nancy, Corbett, Richard, Lilly, Claude, and Marshall, Robert State of Florida Employees' Group Health Study. Prepared for the Florida Department of Insurance under a grant. (Summarized in Christine, Brian Medical Cost Control Techniques. Risk Management 40 (April): 102, 104.) Corbett, Richard Student Study Guide (for Fundamentals of Risk and Insurance by Vaughan) (New York: John Wiley & Sons, Inc.). Corbett, Richard and Murphy, Justin Super Soup: A Case Study in Products Liability (New York: Risk and Insurance Management Society, Inc.). Corbett, Richard B A Guide to Insurance and Risk Management for the Small Business (Tallahassee: Florida Economic Development Center). Corbett, Richard Student Study Guide (for Fundamentals of Risk and Insurance by Vaughan) (New York: John Wiley & Sons, Inc., 1986). Corbett, Richard and Rollins, Garry. "MEDIGAP INSURANCE," "AUTO INSURANCE," (in Spanish and English) and "DEBIT LIFE INSURANCE," consumer education speaker's kits prepared for the Florida Department of Insurance under STAR grant Corbett, Richard Study Guide for Fundamentals of Risk and Insurance by Vaughan (New York: John Wiley & Sons, Inc.). Lilly, Claude and Corbett, Richard Agency Management: Insurance Agents' and Brokers' Professional Liability. Insurance of North America. Professional Liability Loss Control: Insurance Agents and Brokers (Philadelphia: Insurance of North America).

7 RICHARD B. CORBETT, Page 7 OTHER PUBLICATIONS (Cont'd) Lilly, Claude and Corbett, Richard The Agent's Role as Risk Manager. In Lilly, Claude C., ed. Agency Management Operations (Malvern, PA: The Society of Chartered Property and Casualty Underwriters, 1979). Corbett, Richard. A Study Guide to Accompany Essentials of Finance by Richard A. Stevenson (New York: McGraw-Hill, 1979). Corbett, Richard Review of The Risk Management Process, by George L. Head, CPCU Journal 31 (September): Corbett, Richard Review of Products Liability of Manufacturers: Prevention and Defense, by Practising Law Institute, CPCU Journal 31 (June): 69. Corbett, Richard A Study Guide to Accompany Fundamentals of Risk and Insurance by Vaughan and Elliott (New York: Wiley/Hamilton). Vaughan, Emmett, Murray, Michael, and Corbett, Richard A Summary Description of the Insurance Practices of the States Regarding Self-Insuring of Public Property. Prepared for the use of the Iowa State Legislature. Corbett, Richard Review of Government and Private Insurance, by Mark R. Greene, CPCU Annals 29 (March): 68. PAPERS PRESENTED AT NATIONAL MEETINGS Interest and Mortality Tradeoffs Affecting Annuity Payouts. American Risk and Insurance Association, Chicago, August, Potential Liability Exposures Arising from Employee Benefits Administration. American Risk and Insurance Association, Indianapolis, August, Changes in Florida Residual Markets after Hurricane Andrew. American Risk and Insurance Association, Baltimore, August, A Proposal for a Set of Curriculum Modules on Ethics for Use in Courses in Risk Management and Insurance. American Risk and Insurance Association, Vancouver, August, The Potential Effects of Pre-Tax Benefits on Retirement Income. American Risk and Insurance Association, Boston, August, A Comparison of Income Replacement Strategies Between Female and Male Employees of Major Firms. American Risk and Insurance Association, San Diego, August, 1997.

8 RICHARD B. CORBETT, Page 8 PAPERS PRESENTED AT NATIONAL MEETINGS (Cont d) "A Retrospective Analysis of the Ownership Interest in a 'Home-Made' Mutual Life Insurance Company." American Risk and Insurance Association, Philadelphia, August, "Loss Sharing Without Risk Rating: Homeowners Insurance Market Adjustments After Hurricane Andrew." American Risk and Insurance Association, Seattle, August, "Property and Liability Insurance Market Share Shifts After Recent Catastrophes: Evidence and Implications." American Risk and Insurance Association, Toronto, August, "Setting Insurance Amounts in the Mortgage Transaction: A Summary of Methods." American Risk and Insurance Association, Washington, DC, August, "Legal, Operating, and Tax Issues in the Administration of Life Insurance Accelerated Benefits." American Risk and Insurance Association, San Diego, August, "Relationship Between Economic Performance Measures and Lapse Rates of Life Insurance Policies." American Risk and Insurance Association, Orlando, August, "Investor Perceived Value of Risk Management." American Risk and Insurance Association, Denver, August, "A Comparison of Ownership Interests Between Mutual Life Insurance Companies and 'Homemade' Mutuals." American Risk and Insurance Association, Reno, August, "An Analysis of the Structure of Term Insurance Rates Within Universal Life Insurance." American Risk and Insurance Association, Montreal, August, "Results of Using Higher Policy Loan Rates as a Defensive Strategy Against High Policy Loan Activity." American Risk and Insurance Association, Chicago, August, "The Effects of Asset Mix on Net Yield on Invested Assets of Life Insurers." American Risk and Insurance Association, Chicago, August, "Consumer Perceptions of 'Small' Cost Differences in Life Insurance." American Risk and Insurance Association, Toronto, August, "Medical Malpractice Arbitration Panels: Principles for Determining Appropriate Panel Composition and Procedures." American Risk and Insurance Association, Scottsdale, August, "A Life Insurance Buyer's Index: Can Cost Ranking be Predicted?" American Risk and Insurance Association, Scottsdale, August, "Initial Financing of HMO's: Alternatives and Inherent Risks." American Risk and Insurance Association, Boston, August, 1976.

9 RICHARD B. CORBETT, Page 9 PAPERS PRESENTED AT REGIONAL MEETINGS Another source of Retirement Income: Annuity Payouts in Older Cash Value Life Insurance Contracts. Western Risk and Insurance Association, Las Vegas, January, Potential Subsidies in State Coastal Windstorm Insurance Plans. Western Risk and Insurance Association, Las Vegas, January, State Coastal Windstorm Plans: Inappropriate Subsidy or Useful Tax? Southern Risk and Insurance Association, Clearwater, FL, November, Curriculum Modules on Ethics for Use in Courses in Risk Management and Insurance. Southern Risk and Insurance Association, New Orleans, November, Risk Management Response to an Extraordinary Event: The 2001 Nisqually Earthquake, Western Risk and Insurance Association, San Diego, Potential Liability Exposures Arising from Employee Benefits Administration. Western Risk and Insurance Association, Santa Barbara, January, Premium Tax Credits for Catastrophe Fund Assessments: A Study of State Practices. Southern Risk and Insurance Association, Williamsburg, November, "Evaluating the Ownership Interest in a 'Home-Made' Mutual." Southern Risk and Insurance Association, Charleston, November, "Education, Liability, and Conflict-of-Interest Issues in Risk Management Services of Accounting Firms." Southern Risk and Insurance Association, New Orleans, November, "Workers' Compensation in Space." Southern Risk and Insurance Association, Amelia Island, FL, November, "The Effects of Asbestos Contamination on Underwriting Standards and Practices in Commercial Fire Insurance." Southern Risk and Insurance Association, Nashville, November, "Term Insurance Rates Within Universal Life: Are They Optimum Rates?" Southern Risk and Insurance Association, Savannah, November, "Interest Rates and Life Insurer Performance: " Southern Risk and Insurance Association, Orlando, November, 1985.

10 RICHARD B. CORBETT, Page 10 PAPERS PRESENTED AT REGIONAL MEETINGS (Cont'd) "Coinsurance Reinsurance: Was There a Lesson from Equity Funding?" Southern Risk and Insurance Association, Atlanta, November, "The Life Insurance Industry's Social Investment Program: A Second Look." Southern Risk and Insurance Association, New Orleans, November, "Consumer Education in Insurance: The Florida Experience." Southern Risk and Insurance Association, Atlanta, November, "Extension of the IRA Concept to the Homemaker." Southern Risk and Insurance Association, New Orleans, November, "The Joint-and-Survivor Annuity Election Under ERISA: The Case for the Straight Life Annuity." Southern Risk and Insurance Association, Atlanta, November, "A Study of the Use of the Appraisal Clause in Property Insurance Contracts." Southern Risk and Insurance Association, New Orleans, November, l978. "Life Insurance for Women: A Neglected Market." Midwest Business Administration Association, Chicago, April, "The Life Insurance Industry's 'Social Responsibility' Program: Effect on Policyholders and Stockholders." Southern Risk and Insurance Association, Atlanta, October, "The Medical Malpractice Insurance Problem: A Dual Approach to a Possible Solution." Midwest Business Administration Association, St. Louis, April, l977. "The Medical Malpractice Insurance Problem: Are Limitations on the Amount of Recovery a Viable Solution?" Southern Risk and Insurance Association, Atlanta, November, PROFESSIONAL ASSOCIATION MEMBERSHIPS American Risk and Insurance Association Southern Risk and Insurance Association President, President Elect, Vice President/Program Chairman, Secretary/Treasurer, Director, Western Risk and Insurance Association Beta Gamma Sigma Delta Sigma Pi

11 RICHARD B. CORBETT, Page 11 PROFESSIONAL EDUCATION PROGRAMS Presenter on Commercial Auto Insurance, Zurich American Insurance Company Enterprise Associates Program, Schaumburg, IL, Instructor for "Fundamentals of Insurance" course sponsored by Risk and Insurance Management Society, Inc. (RIMS), Lectured at "Insurance Workshop for High School Teachers" sponsored by NAMIC Insurance Education Foundation, Florida State University, , College of Insurance, Presenter, "Pre-retirement Planning Seminar" for State Farm Insurance Companies, Southeastern Regional Office, Director, "Basic Insurance School" sponsored by National Association of Professional Insurance Agents (PIA), Assistant Director, Director of "Advanced Insurance School" sponsored by PIA, Invited lecturer on risk management and insurance topics, Instituto Nacional de Seguros, San Jose, Costa Rica, 1991, Lectured at "Personal Lines School" and "Commercial Lines School" of Independent Insurance Agents of America (IIAA), Extensive experience in non-traditional education programs, including adult education, CLU and CPCU classes, agent continuing education programs, risk management presentations to various groups, and presentations to professional associations. Expert witness, several times, including depositions and trial testimony.

12 RICHARD B. CORBETT, Page 12 OTHER RELEVANT PROFESSIONAL EXPERIENCE Risk management/ insurance advisory services for: City of Tallahassee (Chair, Risk Management Advisory Board, , ) Brevard County (FL) School District Gulf County (FL) Board of Supervisors Madison County (FL) Board of Commissioners Leon County (FL) School Board Leon County (FL) Board of Commissioners Florida Board of Regents Iowa Community Action Association Numerous small businesses Business Insurance Risk Manager of the Year Selection Committee, Member, Board of Directors, Shawnee Regional Health System, Carbondale, IL, (SRHS operated an HMO and several other health benefits plans) SERVICE -EXTERNAL Reviewer for: Journal of Risk and Insurance CPCU Journal Journal of Business Research Journal of Insurance Issues (and Practices) Journal of Insurance Regulation Journal of Consumer Affairs CPCU ejournal Risk Management and Insurance Review American Risk and Insurance Association Annual Meeting Program Committee, , , 1997 The Journal of Risk and Insurance, Editor Search Committee, 1990 Membership Committee, ; Chair, 1989 Nominating Committee, 1987 Placement Committee, (Chair) Graduate Management Admissions Council Professional Development Committee, Educational Programs Committee, Finance Committee, Southern Risk and Insurance Association Nominating Committee, 1989 (Chair);

13 RICHARD B. CORBETT, Page 13 SERVICE EXTERNAL (Cont d) Western Risk and Insurance Association Committee to Select Outstanding Article from Journal of Insurance Issues and Practices, 1989 (Chair) Risk and Insurance Management Society, Inc. Washington (Seattle) Chapter Member, Education Committee Numerous speaking engagements to industry groups OTHER PROFESSIONAL ACTIVITIES Editorial Board, Service Industries Journal, Assistant Editor, CPCU ejournal, Advisory Committee for the Associate in Risk Management (ARM) Program, Insurance Institute of America, Associate Editor, Journal of Insurance Issues, Associate Editor, CPCU Journal, COMMITTEE SERVICE (Florida State University) University Committee to Prepare Bid Specifications and Evaluate Proposals for Insurance for Florida State University School (FSU Lab School), 2005 FSU Employees Campaign for United Way, Co-Chair, Grievance Committee, Promotion and Tenure Committee, College of Business Dean Search Committee, Midyette Eminent Scholar Chair Selection Committee, 1990 Sick Leave Pool Committee, Insurance and Benefits Committee, , Committee on Instructional Track in Health Services Administration and Policy, 1985 Parking Services Advisory Committee, ; Chair,

14 RICHARD B. CORBETT, Page 14 COMMITTEE SERVICE (Florida State University) [Cont d] College of Business Ethics Roundtable, , Chair, Committee to Select Outstanding COB Ph.D. Alumnus, , , , Promotion and Tenure Committee, , , , , , , , Doctoral Planning and Policy Committee, Doctoral Admissions and Retentions Committee, Educational Computing Committee, 1985 MBA Transition Committee, 1983 MBA Study Committee, Graduate Planning and Policy Committee, Advisor to MBA Association, Department Coordinator, Insurance Days Recruiting Program, Faculty Evaluation Committee, Teaching Incentive Program Committee, 1994 SACS Self-Study/BOR Accountability Committee, Doctoral Program Advisor, Advisor to Florida State Insurance Society, Advisor to RMI majors, , Committee to Examine RMI Curriculum (Chair), Merit Criteria Committee (Chair), Promotion and Tenure Committee, , (Chair), (Chair), (Chair), , , (Chair), (Chair), (Chair) Dissertation Committees Risk Management and Insurance Yuling Wang Kevin Gatzlaff David Marlett (Chair) Alan Eastman Christine Taylor (Chair) Victor Puleo Bruce Hill John Bratton Steve Avila (Chair) Emily Norman (Chair) Karen Hamilton (Chair) Steve Cassidy

15 RICHARD B. CORBETT, Page 15 Dissertation Committees Other Areas Nat Briscoe, Accounting Reinhold Lamb, Finance Teryl Ann Walters, Human Sciences Dan Pace, Finance Julie Karcher, Accounting 3/1/11