More Information

Mark J. Browne, Ph.D

Professor
School of Risk Management, Insurance and Actuarial Science
PhD, Risk Management and Insurance, University of Pennsylvania (The Wharton School)
MA, Risk Management and Insurance, University of Pennsylvania (The Wharton School)
BS, Risk Management and Insurance, University of Pennsylvania (The Wharton School)
Mark J. Browne is the chair of the faculty of the School of Risk Management in the Tobin College of Business at St. John’s University. He holds the Robert Clements Distinguished Chair in Risk Management and Insurance. In addition, he is an Associate Member of the Munich Risk and Insurance Center at Ludwig Maximilians Universitat in Munich, Germany and is a member of the International Research Advisory Board of the Risk and Insurance Research Center at National Chengchi University in Taipei, Taiwan. Prior to joining the faculty of St. John’s University, Dr. Browne held the Gerald D. Stephens CPCU Chair in Risk Management and Insurance in the Wisconsin School of Business at the University of Wisconsin – Madison. Dr. Browne has served as president of the American Risk and Insurance Association, the Risk Theory Society and the European Group of Risk and Insurance Economists. He has been awarded lifetime membership in the Risk Theory Society. An expert on risk management, insurance, and employee benefits, he teaches courses on these topics and has consulted with businesses on issues related to them. Mr. Browne’s research has appeared in many publications, including the Journal of Risk and Insurance, of which he is also an associate editor, the Journal of Insurance Regulation, the Journal of Risk and Uncertainty, the Journal of Legal Studies and the CPCU Journal. He is regularly consulted by media and has been quoted in the Milwaukee Journal Sentinel, the Wall Street Journal, and Bloomberg BusinessWeek, among others. He testified before the U.S. Senate committee on Banking, Housing and Urban Affairs following Hurricane Katrina. Mr. Browne has received recognition for both his teaching and research with a number of awards, including the Beta Gamma Sigma Dean’s Award for Teaching Excellence, the Lawrence J. Larson Excellence in Teaching Award at the University of Wisconsin–Madison, the Excellence in Teaching Award of the American Risk and Insurance Association and the Shin Award for Research Excellence from the International Insurance Society. He received his bachelor, masters and doctoral degrees from the University of Pennsylvania where he was a Huebner Fellow.

Courses Taught

RMI
3335
LIFE,HEALTH,PENSION&SOC INSURA
RMI
3350
(RE)INS LDRS IN MKTS & SOCIETY
RMI
3360
CORPORATE RISK MANAGEMENT
RMI
4364
REINSURANCE

Select Publications

Journal Articles

Thompson, M. P., Haas, J. R., Finney, M. A., Calkin, D. E., Hand, M. S., Browne, M. J., Halek, M., Short, K. C., and Grenfell, I. C. (2015). Development and application of a probabilistic method for wildfire suppression cost modeling. In: no. Forest Policy and Economics. vol. 50, pp. 249-258.

Lei, Y., and Browne, M. J. (2015). Underwriting Strategy and the Underwriting Cycle in Medical Malpractice Insurance. Geneva: The Geneva Papers on Risk and Insurance - Issues and Practice.

Browne, M. J., Knoller, C., and Richter, A. (2015). Behavioral Bias and the demand for bicycle and flood insurance. Journal of Risk and Uncertainty. vol. 50, pp. 141-160.

Browne, M. J., and Hoffman, A. (2013). One-sided commitment in dynamic insurance contracts: Evidence from private health insurance in Germany. Journal of Risk and Uncertainty. vol. 46, pp. 81-112.

Browne, M. J., and Kamiya, S. (2012). A Theory of the Demand for Underwriting. Journal of Risk and Insurance. vol. 79, pp. 334-349.

Browne, M. J., Ju, L., and Lei, Y. (2012). Reinsurance Purchases, Contingent Commission Payments and Insurer Reserve Estimation. The Geneva Papers on Risk and Insurance - Issues and Practice. vol. 37, pp. 452-466.

Browne, M. J., Zhou-Ritcher, T., and Grundl, H. (2010). Don't They Care? Or, Are They Just Unaware? Risk Perception and the Demand for Long-Term Care Insurance. Journal of Risk and Insurance. vol. 77, pp. 715-747.

Browne, M. J., Ma, Y., and Wang, P. (2009). Stock-Based Compensation and Reserve Errors in the Property and Casualty Insurance Industry. Journal of Insurance Regulation. vol. 27, pp. 35-54.

Browne, M. J., and Schmit, J. (2008). Litigation Patterns in Automobile Bodily Injury Claims. Journal of Risk and Insurance. vol. 75, pp. 83-100.

Browne, M. J., and Lei, Y. (2008). Medical Malpractice Insurance Market Entry and Exit: 1994 - 2006. Journal of Insurance Regulation. vol. 27, pp. 47-72.

Browne, M. J., and Liu, W. (2007). First-Best Equilibrium in Insurance Markets with Transaction Costs and Heterogeneity. Journal of Risk and Insurance. vol. 74, pp. 739-760.

Browne, M. J., and Ma, Y. (2005). Premium Cross-Subsidization and Choice in the Group Health Insurance Market. Journal of Risk and Insurance.

Browne, M. J., Pryor, E., and Puelz, R. (2004). The Effect of Bad Faith Laws on the Value of Economic and Non-Economic Damages. Journal of Legal Studies. vol. 33,

Browne, M. J. (2003). Risk Management and Insurance Research: 1980 - 2002. Risk Management and Insurance Review. vol. 6,

Browne, M. J., and Schmit, J. T. (2002). Insurance Claims and Legal Filings: Trends from 1977-1997. International Insurance Society Seminar Proceedings.

Browne, M. J., Carson, J. C., and Hoyt, R. E. (2001). Dynamic Financial Models of Life Insurers. North American Actuarial Journal. vol. 5,

Browne, M. J., and Rosenberg, M. (2001). The Impact of Inpatient Prospective Payment System and Diagnosis Related Groups: A Survey of the Literature. North American Actuarial Journal. vol. 5,

Browne, M. J., and Young, V. R. (2000). Equilibrium in Competitive Insurance Markets Under Adverse Selection and Yaari's Dual Theory of Risk. The Geneva Papers on Risk and Insurance Theory. vol. 25,

Browne, M. J., Chung, J., and Frees, E. W. (2000). International Property-Liability Insurance Consumption. Journal of Risk and Insurance. vol. 67, pp. 73-90.

Browne, M. J., and Hoyt, R. E. (2000). The Demand for Flood Insurance: Empirical Evidence. Journal of Risk and Uncertainty. vol. 20, pp. 291-306.