Patrick L. Brockett
Patrick L. Brockett holds the Gus Wortham Chair in Risk Management and Insurance at The University of Texas at Austin. He is a faculty member in the Information, Risk, and Operations Management, Finance, and Mathematics departments and serves as Director of the Risk Management and Insurance Program and the Center for Risk Management and Insurance. Additionally, he oversees the Minor/Certificate in Risk Management Program and is affiliated with the Division of Statistics & Scientific Computation at the university. His research focuses on statistics, probability, actuarial science, quantitative methods in business and social sciences, and risk and insurance. In recognition of his contributions, the American Risk and Insurance Association established the, which is presented annually to the actuarial journal article that makes a significant contribution to the field of risk management and insurance research.
Career
Patrick Lee Brockett earned a B.A. in mathematics from California State University, Long Beach, and completed his M.A. and Ph.D. in mathematics at the University of California, Irvine, in 1975. He began his academic career teaching mathematics at Tulane University and later at the University of Texas at Austin. In 1980, he switched to the actuarial science program within the Finance Department at the University of Texas at Austin, where he eventually became program director.In 1995, Brockett was appointed Director of the Risk Management and Insurance Program, relocating the program to the Department of Management Science and Information Systems, now the . Throughout his tenure, he also served as Director of the Center for Cybernetic Studies, the Center for Management of Operations and Logistics, and the .
Beyond his academic roles, Brockett contributed to the state of Texas as a board member of the from 1999 to March 2020, addressing claims for insolvent insurance companies. He currently serves as Co-Editor of the after a tenure as Editor-in-Chief. He is also on the editorial board of the Journal of Risk and Financial Management and the board of directors of .
Brockett has held leadership roles in professional organizations, including serving as President of the American Risk and Insurance Association and Editor of the .
Elected Professional Society Elected Fellowships and Honors
– Elected Member, 2023– Elected Fellow, 2022
– Elected Fellow, 2008
– Elected Member, 2006
– Outstanding Achievement Award, 2006
– Elected Fellow, 1993
– Elected Chartered Statistician by RSS, March 10, 1993
– Elected Fellow, 1992
– Elected Fellow, 1989
– Elected as "Full Member", prior to merger with the Institute of Management Sciences to form INFORMS
Research Article Awards and Honors
', 2018- *Article: Potential “Savings” of Medicare: The Analysis of Medicare Advantage and Accountable Care Organizations
- '
University of Texas at Austin Awards and Honors
- Fellow, UT Austin Humanities Research Institute
- Outstanding Graduate Teacher Award: UT Austin Graduate School, 1995
- Award for Research Excellence, presented by The University of Texas College of Business Foundation Advisory Council
Books
- Brockett, Patrick L., and A. Levine. 1984. Statistics, Probability and Their Applications, W. B. Saunders Publishing Co.,.
- Baranoff, Etti G, Patrick Brockett and Yehuda Kahane, Risk Management for the Enterprise and Individuals, Flatworld Knowledge Publisher, Spring 2009.
http://www.flatworldknowledge.com/ - Baranoff, Etti, Patrick Brockett, Yehuda Kahane, and Dalit Baranoff ''Risk Management for Individuals and Enterprises 2nd Edition, Flatworld Publishers
- Baranoff, Etti, Patrick Brockett, Yehuda Kahane, and Dalit Baranoff '' Risk Management for Individuals and Enterprises v2.1, Discipline: Finance Flatworld Publishers
Monographs
- Aird, Paul, Patrick Brockett, and Robert C. Witt. 1993. An Analysis of Pricing and Availability Problems in the Texas Automobile Insurance Market, National Association of Independent Insurers.
- Brockett, Patrick L. and Patricia Arnold 2004 “Deregulation, Pricing and Availability Issues in the Texas Homeowners Insurance Market” 2004 monograph, Texas Public Policy Foundation
- National Research Council of the National Academy of Sciences. Levees and the National Flood Insurance Program: Improving Policies and Practices. Washington, DC: The National Academies Press, 2013
- National Research Council of the National Academy of Sciences. Affordability of National Flood Insurance Program Premiums -- Report 1, Washington, DC: The National Academies Press, 2014
- National Research Council of the National Academy of Sciences. Affordability of National Flood Insurance Program Premiums -- Report 2, Washington, DC: The National Academies Press, 2015