David A. Cather

Color portrait of David A. Cather

Clinical Professor

Department Risk Management
Office Address 316 Business Building
Phone Number 814-863-5455
Email Address dac32@psu.edu

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Dave Cather joined the Smeal College of Business in 2006. He holds a B.S.B.A. from Bowling Green State University and an M.B.A. and Ph.D. in Risk Management and Insurance from the University of Georgia. Prior to his current position at Penn State, Dr. Cather taught at the Wharton School at the University of Pennsylvania. He has also held teaching positions at Temple University and Bowling Green State University. Before starting his academic career, Dr. Cather worked in the property-liability insurance industry as a licensed independent agent.Dr. Cather's research interests include corporate risk management, insurance regulation, auto insurance, and health insurance. His research has been published in a variety of journals, including Journal of Risk and Insurance, Risk Management and Insurance Review, Journal of Banking and Finance, CPCU Journal, and Best's Review. In the classroom, Dr. Cather is an accomplished instructor who has received several teaching awards. He was the 2008 recipient of the Les Strickler Innovation in Instruction Award, presented by the American Risk and Insurance Association. While at Wharton, he was the recipient of the Sigma Kappa Phi Outstanding Professor Award.

Expertise

Corporate Risk Management, Corporate Governance, Risk and Insurance

Education

Ph D, Risk Management and Insurance (Finance, Economics, Statistics), Univ. of Georgia, 1985

Courses Taught

RM 430 – Life and Hlth Ins (3)
Industrial organization of the US life-health insurance industry; economic issues related to organizational structure, operational functions, and the supply and demand for life-health products.

RM 302 – Risk and Insurance (3)
Introduction to the principles and methods of handling business and personal risks; emphasis on insurance techniques.

RM 405 – Corp Risk Mgmt (3)
Risk management for firms and organizations; loss control, risk transfer, and loss financing alternatives; Corporate employee benefit program design and financing.

RM 494H – Research Project (1)
Supervised honor student research projects identified on an individual or small-group basis.

R M 494H – Honors Research Project (3)
Supervised honor student research projects identified on an individual or small-group basis.

R M 430 – Life and Health Insurance (3)
Industrial organization of the US life-health insurance industry; economic issues related to organizational structure, operational functions, and the supply and demand for life-health products.

R M 302 – Risk and Insurance (3)
Introduction to the principles and methods of handling business and personal risks; emphasis on insurance techniques.

R M 405 – Corporate Risk Management (3)
Risk management for firms and organizations; loss control, risk transfer, and loss financing alternatives; Corporate employee benefit program design and financing.

INS 494H – Insurance Honors Thesis Research (variable)
Supervised student activities on research projects identified on an individual or small-group basis.

INS 496 – Independent Studies (variable)
Creative Projects, including research and design, which are supervised on an individual basis and which fall outside the scope of formal courses.

INS 575 – Risk Management (2)
Develop an understanding of the risks facing corporations and the methods available to deal with those risks.

INS 301 – Risk and Insurance (3)
Introduction to the principles and methods of handling business and personal risks; emphasis on insurance techniques.

INS 320 – Life Insurance (3)
Protection and savings features of the life insurance contract as they affect the individual; business uses of life insurance.

Selected Publications

Cather D. A., "Cream Skimming: Innovations in Insurance Risk Classification and Adverse Selection." Risk Management and Insurance Review, vol. 21, no. 2, 2018, pp. 335-366, dx.doi.org/10.1111/rmir.12102.
Cather D. A., "The Limits of Insurance Risk Pooling for Large-Scale Loss Events." The CIP Report, Center for Infrastructure Protection and Homeland Security, vol. 13, no. 2, 2014, Invited.
Dorfman M. S., Cather D. A., "Introduction to Risk Management and Insurance." (Pearson Prentice Hall), 2013.
Cather D. A., "A Gentle Introduction to Risk Aversion and Utility Theory." Risk Management & Insurance Review, vol. 13, no. 1, 2010, pp. 127-145.
Cather D. A., Ligon J. A., "The Informational Value of Insurance Purchases: Evidence from the Property Liability Insurance Markets." Journal of Banking and Finance, 1997.
Cather D. A., Cooperman E. S., Wolfe G. A., "Excess Pension Asset Reversions and Corporate Acquisition Activity." Journal of Business Research, 1991.
Cather D. A., Howe V., "Conflict and Channel Management in Property-Liability Distribution Systems." Journal of Risk and Insurance, 1989.
Cather D. A., Gustavson S. G., Trieschmann J. S., "A Profitability Analysis of Property-Liability Insurers Using Alternative Distribution Systems." Journal of Risk and Insurance, 1985.

Editorship

Journal of Risk and Insurance, Editor, July 2006 - Present
Book Review Editor