Insurance Dispute Resolution Requires Market Research Perspective

Case Overview

This case involves general liability claims filed in Illinois against several out-of-state insurance companies. It was alleged that out-of-state insurance companies should be considered at home if they do more business than domestic in-state insurance companies. An expert in state insurance policies and regulations was sought to provide statistics about the percentage of work that domestic and out-of-state insurance companies perform in-state

Questions to the Insurance expert and their responses

Please describe your experience with the insurance market.

I have taught insurance and conducted research on the insurance market, both the US market and the international market, for 19+ years. I have held teaching positions as a professor of risk management and insurance at various universities and have published dozens of works focusing on both domestic and international insurance markets. I have spoken on these topics at professional conferences and was named one of the most prolific authors in the leading risk management and insurance journals.

What materials would you need to provide an estimation of business performed by domestic insurance companies opposed to out-of-state insurance companies?

I have access to the annual NAIC filings and can provide analysis on the amount of business performed by both state and foreign insurers. I rely heavily on this kind of data for my research and am able to retrieve data from ten years ago as well.

About the expert

This expert has over two decades of experience researching and teaching about the insurance market and risk management. She completed an MS in actuarial science, as well as a PhD in risk management and insurance, both from the University of Wisconsin-Madison. She has held teaching positions with the Society of Actuaries, University of Wisconsin-Madison, University of New South Wales, and, recently, as a professor of risk management and insurance at Illinois State University. She has published dozens of works focusing on both domestic and international insurance markets, and has spoken at professional conferences including the American Risk and Insurance Association, the Western Risk and Insurance Association, the Actuarial Research Conference, and the World Risk and Insurance Economics Congress. In 2014, she was named one of the most prolific authors in the leading risk management and insurance journals. She is an active member of several organizations including the Southern Risk and Insurance Association and the Western Risk and Insurance Association. She is currently a professor of insurance at a major Texas university.