Dr. Tim Query
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New Mexico State University
Finance
Department
Positions:
Email: tquery@nmsu.edu Work Phone:
575.646.5253 Fax: 575.646.2820 Affiliated
Programs: ¨
Actuarial
Science ¨ Insurance and
Financial ¨ Insurance Studies Program ¨
Insurance
Studies Internships & Co-ops: Students and Employers ¨
Insurance
Studies Scholarships |
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Vita
Dr. Query
joined the faculty at NMSU in 2006. He teaches a variety of insurance
courses including employee benefits, life and health insurance, and property
and liability insurance. Research |
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J. Tim Query and Risa Kumazawa.
2011.
Examining the Impact of Issuing Driver's Licenses to
Undocumented Immigrants and Other Socioeconomic Factors on the Percentage of Uninsured Motorists
Journal of
Insurance Regulation, vol. 30: 265-285 Abstract.
In this paper, we investigate the relationship between the numbers of
undocumented immigrants and the fraction of uninsured motorists using a cross
sectional analysis of all states plus the District of Columbia. We find that an
increase in an endogenously determined illegal immigration relative to the labor
force of one percentage point in states that do not require lawful presence (for
example, Utah and New Mexico) increases uninsured motorists (UM) by almost
two percentage points, all else equal. In addition, larger percentages of uninsured
motorists are accompanied by more motor vehicle crash fatalities, a result which is
contrary to previous findings in the literature.
Risa
Kumazawa, J. Tim Query and Mark A. Yanochik. 2010.
A Real-Options Approach to Post-Hurricane
Loss Valuation of Damage Property: Rebuild or Repair? Asia_pacific
Journal of Risk and Insurance, Volume 5, Issue 1 Abstract.
In
this paper, we investigate the rebuild or repair decision that property owners
face after damages caused by catastrophic hurricanes such as Katrina in New
Orleans. In particular, we consider how the degree of risk aversion and
uncertainty affect the decision-making process. A theoretical model is
developed using the real-options framework of Dixit and Pindyck (1994). According
to the model, the decision to rebuild a property is reached much later when
there is a high degree of uncertainty over future social costs and a high
discount rate. We demonstrate these effects using simulations with actual
numbers from Hurricane Katrina. J. Tim Query, and Al Berryman. 2010.
Metrics of Uninsured
Motorists: The Challenging Case of New Mexico. Southwest
Business and Economics Journal, vol. 18: 49-64. Abstract. This paper examines New Mexico as it is one of only a small handful of states that provide updated monthly results of UM rates based on the matching database. The focus of this study is to examine more closely the methodologies used by both sources in deriving their estimates of uninsured motorists. In addition, this paper discusses some of the demographic and cultureal issues that are somewhat unique to the Southwest. Elisabeta Pana, Jin Park and Tim Query. 2010.
The impact of bank mergers
on liquidity creation. Journal
of Risk Management in Financial Institutions, vol. 4, 1, 74-96. Abstract. Using 189 commercial bank mergers between 1997 and 2004, a positive impact of the merger activity on bank liquidity creation is demonstrated. Consistent with the deposit insurance hypothesis, it is found that banks with higher levels of deposit insurance create higher levels of liquidity around mergers. Furthermore, evidence is provided that the level of equity capital explains the change in liquidity creation around mergers for the sample of large acquirers. Also it is shown that for the sample of small acquirers there is a negative relationship between the level of economic growth and changes in liquidity creation around mergers. J. Tim Query, and Glennis M. Hanley. 2010.
Recognizing
and Managing Risks Associated with Workplace Bullying. CPCU
eJournal, July. Abstract. Workplace bullying is pervasive and affects a substantial part of the global workforce. Complaints of workplace bullying represent one of the fastest growing types of complaints from workers worldwide. Bullying is a legitimate risk exposure in the workplace, as evidenced by case law building in the United States and elsewhere. The authors look at definitions of workplace bullying, risk exposures to employers, economic costs of bullying, and the current regulatory environment. They also provide suggested steps to reduce the frequency and severity of losses resulting from workplace bullying.
J. Tim Query. 2008. Simultaneous
Estimation of Price and Service Quality in the US Private Passenger
Automobile Insurance Market. Pravartak
– The Journal of Insurance and Risk Management, 4, 51-65. Risa Kumazawa, Jin Park and J. Tim Query. 2008. Service
Quality in Homeowners Insurance. Pravartak – The Journal of Insurance
and Risk Management,
3, 45-52. Abstract. Service Quality has emerged as an important issue to financial services organizations and their customers. Especially for personal lines of businesses where insurance companies sell essentially the same insurance policy with state-mandated policy forms and language, an important source of competitive advantage. This study empirically assesses the relationship between various components of insurance company attributes and the level of service quality. For this study, service quality is defined by the speed of claims settlement procedures by individual companies...
J. Tim Query. 2008. Cost of Risk
Allocation Issues.
Cost Management, 22, 2. J.
Tim Query, Robert E. Hoyt, and Min (Enya) He. 2007. Service
Quality in Private Passenger Automobile Insurance. Journal of Insurance Issues, 30, 152-172. Abstract.
This study extends previous research on service quality in the private passenger
automobile insurance industry by providing empirical evidence using an
improved proxy for the value of service. The endogeneity of the value of
service is recognized and treated statistically with the two-stage least
squares approach. The empirical model also includes a number of control
variables that affect the service quality of an insurer…. J. Tim Query and David
Willis. 2007. The Role of Liberal Education Courses within Risk Management
Education: Competitive or Complementary? Journal
of Risk Education, 3, 8-19. J. Tim Query.
2007. In
Search of the Optimal Cost of Risk Allocation Systems. CPCU
Journal, October. Abstract. The purpose of this article is to expand the discussion revolving around some of the persistent challenges facing risk managers in developing cost allocation systems today, through a formal survey of companies intensely involved in cost of risk issues. The study provides a point of reference for those with cost of risk measurement and allocation responsibilities at smaller organizations that may not possess the resources to implement a stand-alone system. Survey results find that risk managers use a combination of exposure and experience allocation methods, and nearly three-fourths of the risk allocation decision-making process is handled by the risk management department… Daqing Huang and J. Tim Query. 2007. Designing
a New Automobile Insurance Pricing System in China- Actuarial and Social
Considerations. Casualty Actuarial Society Forum, Winter. Introduction.
There are numerous articles extolling the future potential of the insurance
industry in The People's Republic of China (hereafter referred to as China)
since the implementation of economic market reforms. While the current size
of the Chinese insurance market is much smaller than many industrialized
nations, the rate of premium growth is among the highest in the world. The
national premium income had reached nearly US$60 billion in 2005, up 13.95
percent over 2004, and 3.09 times of the amount in 2000. Although the
insurance industry has garnered increasing interest from researchers, little
has been written about actuarial practices in the world's most populous
nation… J. Tim Query. 2006.
Workers’
Compensation for Undocumented Workers: A Discussion of the Regulatory Complexities.
Journal of InsuranceRegulation,
25, 13-29. Summary.
Interest in the issue of undocumented workers in the United States has
increased dramatically over the past year. While the federal government
estimates the number of illegal aliens in the United States to be between 10
million and 12 million, some independent groups project that number to be
much higher. Most political responses to the issue have focused on border
security, employer sanctions and guest worker passes or amnesty for current illegal
workers. However, little has been mentioned in the national media about the
matter of what rights, if any, undocumented workers have when injured on the
job… Evaristo Diaz and J. Tim Query. 2005. An
Economic Assessment Model of Pension Reform Transferability: The Case of
Venezuela. Pensions,10,
167-179. Abstract.
Social pension and security systems worldwide are experiencing difficulties
in maintaining the financing required to provide promised benefits. Despite
their economic and political difficulties, many Latin American countries have
arguably been more proactive and innovative with the implementation of social
security reform than other regions of the world. Suggestions for reform of
the social security system in Venezuela are provided by integrating many of
the same concepts found in other restructurings in Latin America. It is the
conclusion of this paper that, given the political and economic instability
of the region, a major overhaul of the existing system is not politically
feasible… Patricia
H. Born and J. Tim Query. 2004. Health
Maintenance Organization (HMO) Performance and Consumer Complaints: An
Empirical Study of Frustrating HMO Activities. Hospital Topics, 82, 2-9. Abstract. Growing public interest in the operations of managed care plans has fueled a variety of activities to collect and analyze their performance. These activities include studies of financial performance, analysis of enrollment decisions, and, more recently, the development of systems for measuring healthcare quality to improve accountability to consumers. In this study, the authors focus on the activities of managed care plans that may frustrate patients and providers and, subsequently, motivate patients to file complaints… William J. Warfel and J. Tim Query. 2004. Sexual Harassment Litigation- Risk Management Implications. CPCU eJournal. August.
Abstract. The trend of authority is toward increasing legal responsibility for employers with respect to acts of sexual harassment by immediate supervisors and upper-management employees. In this article, a historical perspective concerning sexual harassment law is provided, and several recent court rulings that clarify an employer’s legal responsibility with respect to claims that allege a hostile or offensive environment are discussed. The risk management implications of these recent court rulings are identified and discussed… J.
Tim Query. 2002. Rights
of Passage: An Analysis of Graduated Driver Licensing Efforts in Selected
States.
CPCU
eJournal. March.
Abstract. The need to reduce the accident rate for beginning
drivers is urgent. Supporters of graduated driver licensing (GDL) laws argue
that by requiring additional supervised driving experience under less
demanding driving conditions, accident rates of newly licensed young drivers
will decline significantly. While several statistical studies support this
assumption, eight states still have not enacted acceptable GDL laws. This
research paper analyzes the legislative history of graduated licensing in
each of these states, with particular attention to the opposition to
enactment of a GDL law…
J. Tim Query. 2000. The Role of the Risk Manager in a University Setting. Risk Management and Insurance Review, Vol. 3, No. 2.
Introduction.
The academic environment confronting the university risk manager is among the
most diverse and challenging in terms of risk exposures. The array of loss
control concerns facing risk management professionals at universities and
colleges is often much wider than those of their peers in industry and
commerce. Activities at a university can include running a construction site
for campus expansion, sending students to Third World countries, performing
dangerous scientific and medical experiments, hosting large public
gatherings, and operating large residential facilities. Schools may have
daycare and elder-care facilities, hospitals, athletic teams, or even their
own police force…
J. Tim Query. 2008. The Yin and Yang of an Aging Work Force. URMIA
Journal.
Abstract. When faced with a shifting and challenging
underwriting market, technology growth, and the Liability Risk Retention Act
(LRRA), many colleges and universities are exploring alternative options to
finance their risk management operations and insurance. This article
discusses many of those alternative risk management financing options,
including self-insurance; excess and surplus line insurers; captives; and
risk retention groups, purchasing groups, and consortiums…
J. Tim Query. 2000.
Analysis
of Medical Savings Account as an alternative retirement savings vehicle. Financial Services Review.
Abstract. Personal savings as a
percentage of disposable income have dropped steadily since the early 1980s.
Savings have continued to decline in 1999, as the savings rate-savings as a
percentage of after tax income dropped to a record low. The study finds that
MSA type accounts are a viable supplement to retirement savings, but should
not be used as a replacement for existing retirement alternatives given their
current structure…
Zhenhu Jin and J. Tim Query. 2003. Waking Tiger. Best’s Review- Ecommerce Technology, August.
Introduction. The internet and its soaring
use in China are creating a promise of great growth for the insurance
industry. E-commerce is the engine driving the globalization and convergence
of various facets of China’s financial-services industry. The recent
additional of China, the world’s most populous nations, to the Worlds Trade
Organization also is fueling potential business for insurers…
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