Robert E. Hoyt, who heads the Risk Management and Insurance program at the University of Georgia's Terry College of Business, was presented the Walter H. Buce Memorial Award by the Atlanta chapter of the Risk and Insurance Management Society (RIMS).
The annual award honors a risk management and insurance professional for lasting contributions to the Atlanta insurance community. RIMS is a non-profit organization dedicated to the advance of risk management practices, founded in 1950.
"It's a tremendous honor, and while I've been active and involved in many ways with RIMS for a number of years the award primarily targets the industry side," Hoyt said. "So, as an academic, to receive this kind of recognition from the industry we interact with is particularly rewarding."
A faculty member since 1988, Hoyt holds the Dudley L. Moore Chair of Insurance and is the head of the Department of Insurance, Legal Studies and Real Estate. He also served as the interim dean of the Terry College in 2007. He received a bachelor's degree from the University of Nebraska and his master's and PhD from the Wharton School at the University of Pennsylvania.
Hoyt teaches corporate risk management and enterprise risk management and is a past recipient of the Richard B. Russell Undergraduate Teaching Award and a two-time winner of the Terry College Outstanding Teaching Award. His research interests include insurer solvency and insurance fraud, insurance economics, corporate hedging and securitization, and enterprise risk management.
He was appointed to the UGA Teaching Academy in 2001 and on two separate occasions has received the Les B. Strickler Innovation in Instruction Award from the American Risk and Insurance Association, of which he is past president. He also was honored by ARIA in 2007 with its Excellence in Teaching Award.
Hoyt serves on the board of directors of the Journal of Insurance Regulation and on the editorial board of Risk Management and Insurance Review. He is a trustee of the Griffith Insurance Education Foundation, a director of the Spencer Education Foundation and serves on the boards of Athens Regional Medical Center and Athens Area Health Plan Select.
Hoyt's award was presented in February at the Atlanta RIMS chapter's 2009 Education Conference.
"This award recognizes activities over a career," Hoyt said. "We've had student involvement with RIMS for a long time. I serve on a national board for RIMS, and I think receiving the Buce Award is reflective of my ongoing contributions to the profession of risk management."
"There are three academics who have received this award," Hoyt said. "The other two are previous heads of the insurance program at Terry: Dr. E.J. Leverett, who is credited with founding the program, and my predecessor Sandra Gustavson. It's a high honor for me to be included with them. I've always said that the two of them set a very high bar for me, so anytime I can make a similar contribution and be recognized, it's very gratifying."