COLUMBUS, Ohio (PRWEB) June 18, 2013
The Griffith Insurance Education Foundation hosted four seminars on the basic principles of risk management and insurance. The seminars were presented to congressional staff. Over 150 staff members from both the House of Representatives and the Senate participated in the seminar series.
Four luncheon seminars, conducted on April 29, May 6, May 20 and June 3 in Washington, D.C., provided staff with a better understanding of the fundamental principles underlying many of the risk management and insurance issues currently before them.
“The insurance education briefings conducted by The Griffith Insurance Education Foundation provide Congressional staff with very useful information that equips them with a basic understanding of insurance principles,” said Representative Steve Stivers. “The workshops provide an unbiased perspective which allows policymakers to make more informed decisions. Insurance can be a difficult subject matter, but The Griffith Foundation workshops make it easier for Congressional staff to understand these important topics.”
The first seminar, The Basic Principles of Risk Management and Insurance, was taught by Dr. James M. Carson, the Daniel P. Amos Distinguished Professor of Insurance, Department of Insurance, Legal Studies, and Real Estate at the Terry College of Business, University of Georgia. His presentation provided an introduction to risk management principles, the role of insurance, catastrophe losses and Basel III.
The second session, The Business of Insurance, focused on property-casualty insurance (P&C) and how the P&C industry works, the role of investments, reinsurance and guaranty funds. Dr. Robert E. Hoyt, the Dudley L. Moore, Jr., Chair of Insurance and head of the Department of Insurance, Legal Studies and Real Estate at the Terry College of Business, University of Georgia, presented this program.
The third session, Risk Management and Public Policy, was conducted by Dr. Rob B. Drennan Jr., an associate professor of risk management and insurance and the chairman of the Department of Risk, Insurance and Healthcare Management at the Fox School of Business and Management at Temple University. Dr. Drennan provided an overview of life insurance and annuities and how the life insurance industry works. He also discussed tax reform and the role of both insurance regulation and legislation.
The final program, The Basic Principles of Health Insurance, was taught by Dr. Vickie Bajtelsmit, professor in the Department of Finance and Real Estate and director of the Master of Science in Business Administration with a specialization in financial risk management program at Colorado State University. Her presentation provided an overview of health insurance, retirement plans, ERISA and self-insurance.
“The Congressional Insurance Education Series proved to be a relevant learning opportunity for Congressional staff. The Griffith Insurance Education Foundation and my fellow faculty are very conscientious in providing objective, unbiased information,” said Dr. Vickie Bajtelsmit. “I enjoyed the opportunity to present the final session on The Basic Principles of Health Insurance and observed a great level of engagement and learning from the staff members in attendance. This program was a significant resource that enhanced the understanding of some very important and complex insurance issues.”
To learn more about this seminar series, visit http://www.griffithfoundation.org/Congress
About The Griffith Insurance Education Foundation
The Griffith Foundation is a 501(c)(3) nonprofit educational institution that promotes the study and teaching of risk management and insurance. The Foundation offers risk management and insurance education programs and resources for students, teachers, academic institutions and public policymakers. For more information, visit http://www.griffithfoundation.org.