Rosenfeld Chair: Dr. Doherty

Dr. Neil A. Doherty, professor of insurance and risk management, has been named to the Ronald A. Rosenfeld chair at the Wharton School, established in 1986 by Mr. Rosenfeld, W '61. It was first held by Dr. William Pierskalla, the longtime deputy dean for academic affairs at Wharton who left the University to become dean of UCLA's Anderson School of Business.

Dr. Doherty took his B.A. and B.Phil in economics from the University of York in 1968 and 1969, and his Ph.D. from England's Cranfield Institute of Technology in 1979. Before joining Penn in 1986, he taught at York and Cranfield, at the University of Zamia, University of Albert and University of Illinois. He was also an economic advisor to the United Kingdom's Department of Health and Social Security.

A widely published author and widely consulted specialist in insurance and public policy issues, Dr. Doherty's recent books include Corporate Risk Management: A Financial Exposition (McGraw Hill), The Financial Theory of Pricing Insurance Contracts (with S. D'Arcy, in the S.S. Huebner Foundation series). Along with some 60 journal articles and book chapters, he has also written a number of influential commissioned reports such as one which produced radical changes in British Petroleum's global risk management policy; one on the harmonization of taxes within the EEC and its impact on the United Kingdom's insurance industry, and several in this country on earthquake insurance and public policy.

He is also called upon as an expert witness for taxpayers in U.S. Federal tax courts on captive insurance cases, including those won in recent years by taxpayers Harper Robinson, Sears Roebuck/Allstate, and U Haul International.

Dr. Doherty has twice won the Journal of Risk and Insurance's Clifford D. Spangler Award, given for articles that have "withstood the test of time"--in 1990 and again in 1994. He also ranked first in a 1989 survey of insurance research scholars, done for the Journal by Professors Larry Cox and Sandra Gustavson, who ranked the field by quantity and quality of research. Three of his articles also won the American Risk and Insurance Association's prize for "best paper in the Journal" in the years 1984, 1986 and l991.

January 30, 1996
Volume 42, Number 18

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