The National Association of Insurance Commissioners honored an article co-authored by Robert Hoyt, head of the Terry College of Business’ insurance, legal studies and real estate department, with the Spencer L. Kimball Writing Award.
Bestowed annually, the award acknowledges and encourages outstanding contributions to the Journal of Insurance Regulation.
In addition to Hoyt, who also holds the Dudley L. Moore Jr. Chair of Insurance at Terry College, recipients of the award included L. Lee Colquitt of Auburn University, and Stephen G. Fier and Andre P. Liebenberg of the University of Mississippi.
Colquitt and Liebenberg are both alumni of the Terry College’s risk management and insurance doctoral program.
Their article, “Adverse Selection in the Credit Life Insurance Market,” reported that the lack of evidence regarding adverse selection may be due to effective underwriting, rather than consumers failing to use informational advantages to their benefit.