A major role of the Center is to support the undergraduate and graduate study in Insurance, Risk Management, and Employee Benefits. The undergraduate major is Insurance/Finance and it provides students with an education that helps them to face the challenges of an ever-changing financial world. Students are equipped to follow dynamic career paths. The Center's support for student activities have included financial support of Gamma Iota Sigma, a national fraternity for study of risk, insurance, risk management and actuarial science. Also, students have the opportunities to become involved in the local chapter meetings of the Risk and Insurance Management Society and the CPCU Society. Both groups have established strong support for our programs.
The CPCU Society has established the Gert Sweeney Scholarship for University of Hartford Students majoring in Insurance/Finance. The Connecticut Valley Chapter of RIMS has sponsored students to attend their national conference. Also, we have competed in the Anita Benedetti student competition of the national Risk and Insurance Management Society, and a select group is chosen to attend their national conference - all expenses paid. Scholars chosen represent the best from across the country, and they are fortunate to participate in a program that provides them with hands-on opportunity to meet risk managers, employee benefits consultants, insurance executive, and agents and brokers from all over the United States and Canada. Students from Barney have been selected for this prestigious program for each of the last 12 years. This year’s recipients are Michael Neaton and Kyle Parsons.
Organizations such as Travelers, Partners Re, the Angus Robinson Jr. Memorial Foundation, the Insurance Scholarship Foundation of America and the Bermuda Foundation for Insurance Studies have all provided schoolarships to our majors. Also, our students have done internships at most of the major financial companies.
Our undergraduate and graduate programs also have benefited from a close relationship with the Spencer Foundation. Several have been chosen to be Spencer Scholars, which provides a $5,000 stipend and, most importantly, an industry mentor. A $10,000 scholarship is available for graduate students. Elisa Heaton is a 2007-2008 Spencer Scholar.
Our Economics, Finance and Insurance Department has again, in 2013, been awarded a grant by the Spencer Foundation to sponsor a visiting Risk-Manager-in-Residence. These grants are awarded based on proposals submitted by universities nationwide. The Barney School has been selected for fourteen consecutive years. This year we are honored to have Michael Lubben, Director of Risk Management at The Marvin Companies, an industry leader in product innovation, energy efficiency and progressive manufacturing techniques. Mr. Lubben’s broad-based and enterprise-wide responsibilities include Enterprise Risk Management, Internal Audit, Safety, Environmental, Claims, Insurance Procurement and Aviation Operations. Prior to joining The Marvin Companies, Mr. Lubben worked as vice president of Global Risk Management at Ryder System, Inc., a Fortune 500 logistics and transportation firm that generates $6 billion annually and employs 29,000+ people globally. Mr. Lubben was senior commercial risk manager at the United Technologies Corporation in Connecticut before he moved to Ryder System. His even earlier work experiences include senior positions at Kone Corporation (Helsinki, Finland), John Deere Insurance (Illinois) and Aetna Life and Casualty (Hartford, CT). Mr. Lubben will be interacting with both undergraduate and graduate students, faculty, and local risk managers. We welcome him to Barney and look forward to the knowledge sharing that will take place during his visit. Mr. Lubben is scheduled to give on March 19,
Another major activity of the Knox Center is to encourage research by awarding summer research grants to Barney faculty. The recipients of the research grants for 2008 and 2009 are: “Implications of Public Policy Actions and Retirement Security” – Ann Costello, Ph.D. and “Influences of Organizational Form on Medical Malpractice Insurance Market” – Yu Lei, Ph.D.
The Center provides major support by contributions to the cost of Research Insight (Compustat) for the faculty and students of the Barney School. This database provides extensive financial information on a vast cross-section of companies and is essential for corporate financial analysis. Other publications are provided for the enhancement of the classroom experience.
The Center also has established graduation awards for outstanding Insurance/Finance graduates and serves as a conduit for employment and internship inquiries from industry.