Kathleen McCullough

Associate Dean for Academic Affairs and Kathryn Magee Kip Professor in Risk Management & Insurance
Kathleen McCullough
314 RBA
Academic Specialty
Enterprise Risk Management, Reinsurance and Insurance Regulation

PhD from University of Georgia (2000)
BBA from St. Mary's University (1995)

Areas of Expertise

Enterprise Risk Management
Insurance Regulation

Dr. Kathleen McCullough is the Kathryn Magee Kip Professor in Risk Management and Insurance in the Department of Risk Management, Insurance, Real Estate, and Legal Studies at Florida State University’s College of Business. She also is an associate dean for academic affairs in the College of Business. In her position as associate dean, she oversees academic strategy, academic policy and research programs. This includes oversight of all academic programs and interfacing with university-level administration on these issues. 

McCullough was identified as the No. 1 researcher in the leading risk-management journals in the most recent 10 years in a study by Morris G Danielson and Jean L. Heck of Saint Joseph’s University. She is the recipient of the 2011 Developing Scholars Award from Florida State and the 2010 ARIA Early Career Award. Her work has been published in several journals, including the Journal of Risk and Insurance, the North American Actuarial Journal, the Journal of Banking and Finance, Risk Management and Insurance Review, Journal of Insurance Issues, Journal of Insurance Regulation, the CPCU eJournal and Best's Review. She is the co-editor of the Journal of Insurance Regulation and serves on the editorial board for the Journal of Insurance Issues. McCullough has won research grants and awards from the Journal of Insurance Regulation, the State Farm Companies Foundation, the Risk Management and Insurance Society, the PLUS Foundation and the National Association of Mutual Insurance Companies, as well as Florida State and the State of Florida. 

She teaches in the undergraduate, online master’s and doctoral programs, and she has coordinated the online master’s program in risk management and insurance. Her courses include principles of risk management and insurance and commercial risk management. She was the recipient of the 2005 Les B. Strickler Innovation in Instruction Award from the American Risk and Insurance Program for her work on risk management case projects with Dr. Robert E. Hoyt and Dr. Randy E. Dumm. McCullough has received instructional grants from both Florida State University and the State Farm Insurance Companies. 

McCullough is a member of the American Risk and Insurance Association, Southern Risk and Insurance Association, Western Risk and Insurance Association and the Risk Management Research Council. She is also a past president of the Southern Risk and Insurance Association. 

Prior to working at Florida State University, she was an assistant professor at Illinois State University in the Katie Insurance School. Her industry experience includes working for Sedgwick James of Texas. 

McCullough received her bachelor’s degree in finance/risk management from St. Mary’s University. Her Ph.D. with a major in risk management and insurance and minor in finance is from the University of Georgia.

Selected Published Research

Fier, Steve, Kathleen A. McCullough and James Carson, "Internal Capital Markets and the Partial Adjustment of Leverage," Journal of Banking and Finance, March 2013, Vol. 37 No. 3: 1029-1039.

Cole, Cassandra R., Kevin L. Eastman, David MacPherson, Patrick F. Maroney, Kathleen A. McCullough, "The Impact of No-Fault Insurance Laws on Automobile Insurance Rates," North American Actuarial Journal, 2012, Vol. 16, No. 3: 306-322.

Carson, James, Kathleen A. McCullough, and David M. Pooser, "Deciding Whether to Invest in Mitigation Measures: Evidence from Florida," Journal of Risk and Insurance, 2013, Vol. 80, No. 2: 309-328.

Cole, Cassandra R., William Ferguson, Ryan B. Lee, and Kathleen A. McCullough, "Internationalization of the Reinsurance Industry: An Analysis of the Net Financial Position of Reinsurers," Journal of Risk and Insurance,2012, Vol. 79, No. 4: 897-930.

Cole, Cassandra R., Enya He, Kathleen A. McCullough, Anastasia Semykina, and David W. Sommer, "An Empirical Examination of Stakeholder Groups as Monitoring Sources in Corporate Governance," Journal of Risk and Insurance, 2011, Vol. 72, No. 3: 703-730.

Cole, Cassandra, David Macpherson, Patrick Maroney, Kathleen A. McCullough, James Newman, and Charles Nyce, "The Use of Post Loss Financing of Catastrophic Risk," Risk Management and Insurance Review, Fall 2011, Vol. 14, No. 2: 265-298. (Best Perspectives Article 2011) Cole, Cassandra R., Ryan B. Lee, and Kathleen A. McCullough, "A Test of the Eclectic Paradigm: Evidence from the U.S. Reinsurance Market," Journal of Risk and Insurance, June 2007, Vol. 74: 493-522.

Colquitt, L. Lee, Robert E. Hoyt, and Kathleen A. McCullough, "The Impact of Asbestos and Environmental Reserves Increases on Shareholder Wealth," North American Actuarial Journal, July 2006: 17-31.

Cole, Cassandra R. and Kathleen A. McCullough, "A Reexamination of the Corporate Demand for Reinsurance," Journal of Risk and Insurance, March 2006, Vol. 73: 169-192.

McGuire, Charles,  Kathleen A. McCullough, and George B. Flanigan, "Exposure Triggers and Allocation Methods: Learning Lessons from Prior Court Rulings," Risk Management and Insurance Review, Spring 2004, Vol. 7: 73-87. (Best Perspectives Article 2004)

Interesting Facts

Dr. McCullough is originally from Texas. Before starting graduate school she worked for an insurance broker in the Dallas area.

Honors and Awards
  • Developing Scholars Award, Florida State University, 2012
  • American Risk and Insurance Early Career Award, 2010
  • American Risk and Insurance Association Presidents Award, 2008
  • Les Strickler Innovation in Teaching Award, American Risk and Insurance Association, 2005