California Western’s Prof. Ken Klein has accepted an offer from The Connecticut Insurance Law Journal to publish a peer-reviewed article about the cause and solutions to underinsurance.
“Ever since my own home burned down in 2003, I have been obsessed with understanding the mechanics causing and finding the solution to nationally pervasive underinsurance,” says Prof. Klein. “Over the last 15 years I have researched the subject, taught the subject, counseled literally hundreds of underinsured disaster survivors, consulted with attorneys and regulators, interviewed insiders from all sides of the question, scoured public files that usually are ignored or unknown, and read the excellent scholarship of others from a wide swath of disciplines.”
Prof. Klein’s article is the result of his research and consultation with these parties. The article has been reviewed by a number of individuals who are deeply respected in their fields.
“As a result of the reviews this article has had, I am confident that it is an important addition to the topic,” says Prof. Klein. “Each reviewer has found much that is familiar, and some that is new to them.”
Prof. Klein has accomplished much that no prior academic has, including analyzing a 1550+ page administrative rulemaking record that is publicly available but not referenced in any prior work. It is also a deep dive into the cost estimating software insurers use. Prof. Klein has also brought together the past work of others from their respective disciplines and perspectives. This article ends with a regulatory proposal to eliminate the current stubborn problem of ubiquitous, unintended underinsurance.
“The basic thesis of the article is that contrary to popular wisdom, natural disasters do not cause inadequate insurance, but rather expose and exacerbate a nationwide epidemic of unwitting underinsurance,” reveals Prof. Klein.
The Connecticut Insurance Law Journal is generally recognized as the premier United States specialty law journal focused on insurance and peer-reviews submissions for publication. The Journal will publish Prof. Klein’s article in Volume 25, anticipated for release in January of 2019.
For more on The Connecticut Insurance Law Journal visit: http://insurancejournal.org