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Martin F. Grace

Regents Professor    ,
Education
  • Ph.D., University of Florida
  • J.D., University of Florida
  • M.A., University of Florida
  • B.A., University of New Hampshire
Specializations
  • Tort reform
  • Industrial organization, regulation & taxation of the insurance industry
  • Catastrophe financing
Biography

Dr. Martin F. Grace is currently the interim chair of the Department of Risk Management & Insurance at Georgia State University. He is also a senior associate in the Andrew Young School of Policy Studies, Fiscal Policy Center. Dr. Grace’s research has been published in various journals in economics and insurance concerning the economics and public policy aspects of regulation and taxation. In particular, Dr. Grace has studied aspects of the regulation and taxation of the insurance industry. Dr. Grace is a former president of the Risk Theory Society and he is an associate editor of the Journal of Risk and Insurance.

In 1980 Dr. Grace earned his B.A. in economics and political science (cum laude) from the University of New Hampshire. Grace earned both a Ph.D. in economics and a J.D. from the University of Florida in 1987. He joined the faculty of the Department of Risk Management & Insurance as an assistant professor of legal studies in the fall of 1987. In 1998 Dr. Grace was promoted to professor of legal studies and risk management and insurance and in 2002, Professor Grace was named the inaugural holder of the James S. Kemper Professorship of Risk Management. In 2012, he became the interim chair of the department.

Dr. Grace is also the executive director of the GSU Risk Management Foundation Inc., which is a non-profit foundation supporting the risk management programs at Georgia State. He is also a member of the Board of Trustees of Georgia Underwriting Association, which provides insurance for high-risk property owners in Georgia. Dr. Grace has served on various committees in ARIA such as the placement committee, the Kulp-Wright Book Award Committee, the program committee, and, most recently, he served on the ARIA-ASSA Program Committee.

Over his career Dr. Grace has consulted with the National Association of Insurance Commissioners, various state regulators and industry associations. He has testified before the U.S. Congress on the future of insurance regulation as part of the Dodd-Frank Act as well as before state legislatures on insurance regulation and taxation.

Publications
  • Dupes or Incompetents? An Examination of Management’s Impact on Firm Distress, with J. Tyler Leverty, 79 Journal of Risk and Insurance 751-783 (2012).
  • Grace, Martin and J. Tyler Leverty, Political Cost Incentives for Managing the Property-Liability Loss Reserves, 48 Journal of Accounting Research 21-49 (2010).
  • Grace, Martin and J. Tyler Leverty, Property-Liability Insurer Reserve Error: Motive, Manipulation, or Mistake, 79 Journal of Risk and Insurance. 351-380 (2012).
  • Grace, Martin F. and J. Tyler Leverty, 2013. How Tort Reform Affects Insurance Markets, Journal of Law, Economics and Organization 29(6) 1253-1278.
  • Grace, Martin F. David L. Sjoquist and Laura Wheeler, 2014, The Effect of Insurance Premium Taxes on Interstate Differences in the Size of the Property-Casualty Insurance Industry, National Tax Journal. 67(1): 151-82.
  • Garven, James, James Hilliard, and Martin F. Grace, 2014, Adverse Selection in Reinsurance Markets, Geneva Risk and Insurance Review 39: 222-253.
  • Grace, Martin F. J. Tyler Leverty, Richard Phillips and Prakash Shimpi, 2015. The Value of Investing in Enterprise Risk Management, Journal of Risk & Insurance, 82(2): 289-316.