Carson College of Business Faculty Directory

Carson College Directory

Michael Mcnamara

Professor, Insurance
Finance and Management Science

Contact

Phone: (509) 335-5632
Office: TODD 492

Education

  • PhD (University of Nebraska)
  • Other (Creighton University)

Michael Mcnamara

Dr. McNamara is the Mutual of Enumclaw/Field Professor of Insurance in the Department of Finance and Management Science. He teaches courses in insurance, risk management, and finance. Dr. McNamara's research examines organizational structure and governance issues, risk management, and market reaction to events. His research has appeared in the Journal of Risk and Insurance, the Journal of Insurance Issues, Benefits Quarterly, and other journals. He has won several outstanding paper and reviewer awards, as well as multiple Dean's Excellence Awards. He is the co-author, with George Rejda, of the best-selling textbook, Principles of Risk Management and Insurance. The text is in its 13th edition. In addition to his academic degrees, Dr. McNamara has earned the Chartered Property and Casualty Underwriter (CPCU), Associate in Risk Management (ARM), and Chartered Life Underwriter (CLU) professional designations. He is president of the Leonard and Irene Berekson Charitable Foundation, treasurer of the Pullman Regional Hospital Foundation, and a member of the board of directors of Oregon Mutual Insurance Company.

Research Interests

corporate governance
equity price reaction to events
market reaction to events
organizational structure and governance issues
risk management

Journal Articles

  • Michael McNamara, Lihru Chen An Examination of the Relative Efficiency of Fraternal Insurers Journal of Insurance Issues, 2014
  • Li-Ying Huang, Gene Lai, Michael McNamara, Jennifer Wang Corporate governance and efficiency: Evidence from U.S. property-liability insurance industry Journal of Risk & Insurance, 2011
  • Michael McNamara Index #3--Journal of Insurance Issues, Vol. XXI-XXXIII(1998-2010) Journal of Insurance Issues, 2011
  • Gene Lai, Michael McNamara The Wealth Effect of Demutualization: Evidence from U.S. Property/Liability and Life Insurance Industries Journal of Risk & Insurance, 2008
  • Vivian Jeng, Gene Lai, Michael McNamara Efficiency and demutualization: Evidence from the U.S. life insurance industry in the 1980s and 1990s Journal of Risk & Insurance, 2007
  • Vivian Jeng, Gene Lai, Michael McNamara Organizational Structure, Efficiency, and Long-Term Performance: Life Insurer Demutualizations in the U.S. Journal of Risk & Insurance, 2007
  • Michael McNamara, Stephen Pruitt "There's A Guy in the Center Aisle with a Gun" -- Workplace Homicides and Shareholder Wealth The Journal Of Insurance Issues, 2006
  • Phillip Kolbe, Nancy Mardis, Michael McNamara Bodily Injury Liability and Residential Property Values: Canine Risks Real Estate Law Journal, 2005
  • Gene Lai, Michael McNamara Employee Protection and Tax Deductibility Issues when Insuring Employee Benefits through a Captive Insurance Company Journal of Insurance Issues, 2004
  • Gene Lai, Michael McNamara, Henry Oppenheimer A Further Analysis of Large Losses Impact Upon Firm Value Journal of Insurance Issues, 2002
  • Gene Lai, Michael McNamara, Henry Oppenheimer Large Losses and Firm Value: Investor Response and Managerial Decisions Journal of Insurance Issues, 2002
  • Michael McNamara, Rick Hinrichs An Examination of Insurance Industry Continuing Professional Development Efforts and Results The Journal of the Society of Insurance Trainers and Educators, 2001
  • James Carson, Mark Forester, Michael McNamara Debunking the Capitalization Myth Best's Review (Life and Health), 1999
  • James Carson, Mark Forester, Michael McNamara Changes in Mutual Life Insurer Ownership Form The Journal of Financial Services Professionals, 1999
  • James Carson, Mark Forester, Michael McNamara Changes in Ownership Structure: Theory and Evidence from Life Insurer Demutualizations Journal of Insurance Issues, 1998
  • Michael McNamara Index #2 (1985-1997) Journal of Insurance Issues, 1998
  • Michael McNamara, Stephen Pruitt, Robert Van Ness, Charlie Charoenwong Property and Casualty Insurance Company Market Pullout Announcements and Shareholder Wealth Journal of Risk & Insurance, 1997
  • Michael McNamara, Nancy Kratzke Workers' Compensation vs. Tort Liability: Employer Liability for Employment-Related Activities The CPCU Journal, 1997
  • Michael McNamara, Phillip Kolbe Business School Rankings of Insurance and Risk Management Journals Journal of Insurance Issues, 1996
  • Steven Cole, Michael McNamara, Brenda Wells Demutualization and Free Cash Flow Journal of Insurance Issues, 1995
  • George Rejda, Michael McNamara, Gerald Hanner State High Risk Pools for the Uninsurable--A Critical Analysis Journal of the American Society of CLU and ChFC, 1993
  • Michael McNamara, Gohn Rhee Ownership Structure and Performance: The Demutualization of Life Insurers Journal of Risk & Insurance, 1992
  • Michael McNamara An Examination of the Relative Efficiency of Mutual and Stock Life Insurance Companies Journal of Insurance Issues, 1991
  • Michael McNamara Managing the Risk of Employee Benefits Exposures The CPCU Journal, 1991
  • Michael McNamara, Henry Oppenheimer The Performance of Variable Annuities Journal of Insurance Issues, 1991
  • Michael McNamara, Henry Oppenheimer Investment Performance of Variable Annuities: Recent Results Benefits Quarterly, 1990
  • Leonard Berekson, Michael McNamara Employee Benefits Liability--The Risk and Its Coverage Benefits Quarterly, 1989
  • Michael McNamara The ERISA Bonding Requirement: A Clarification Benefits Quarterly, 1989
  • George Rejda, James Schmidt, Michael McNamara The Impact of Social Security Tax Contributions on Group Life Insurance Premiums Journal of Risk & Insurance, 1987
  • Michael McNamara The OASDI Early Retirement-Medicare Gap Benefits Quarterly, 1987

    Books/Book Chapters

    • Book Chapter Michael McNamara, David Blackwell, David Kidwell, David Whidbee Chapter 17--Insurance Companies and Pension Funds
    • Book Chapter Michael McNamara Chapter 4--Advanced Topics in Risk Management
    • Book Chapter Michael McNamara Chapter 7 -- Financial Operations of Insurers

      Other

      • Michael McNamara Test Bank to Accompany Principles of Risk Management and Insurance, 14th Ed.
      • Michael McNamara Web Exercises to Accompany Principles of Risk Management and Insruance
      • Michael McNamara On-Line Quizzes to Accompany Principle of Risk Management and Insurance
      • Michael McNamara, George Rejda Chapter 7--Financial Operations of Insurers
      • HS 318--Insurance and Financial Planning
      • Principles of Insurance