Albert Henry Mowbray

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Albert Henry Mowbray (born March 30, 1881 in San Francisco , † January 7, 1949 in Berkeley ) was an American economist .

Origin, family and job

Albert H. Mowbray was born on March 30, 1881 in San Francisco to Robert H. Mowbray and Julia Brown. He had two younger sisters, Emma Frances and Jeannette. He was married to Elizabeth Gray and had two children, a daughter Mary Elizabeth Mowbray and a son Albert Gray Mowbray .

Mowbray studied at the University of California , where he graduated in 1904 as a Bachelor of Arts with special achievements in mathematics and physics. Shortly thereafter, he began working in the actuarial department of New York Life Insurance Company . Until 1923 he held various positions in insurance companies, mainly on the east coast of the United States , from 1907 to 1908 he was an actuary at the North Carolina Insurance Department and from 1908 to 1910 at the California Department of Insurance. From 1910 to 1911 he was employed as a consultant and lecturer at the University of California, where he taught mathematics and insurance. From the beginning of 1913 he was then an actuary at the Massachusetts Employees Insurance Association, later the Liberty Mutual Insurance Company , where he became managing director and later vice president. In 1918 he was appointed chief actuary by the State Industrial Commission in New York for an annual salary of $ 6,000 .

Meanwhile, an actuary with the National Council on Workmen's Insurance, the central body for setting insurance rates in the United States , Mowbray resigned from this position in 1923 for family reasons, returned permanently to the West Coast , and became an associate professor of insurance in the School of Economics from the University of California. In 1926 he attained full professorship, a position he held until his death. From 1928 to 1934 he was chairman of the faculty.

While at the university, Mowbray was fully responsible for teaching insurance, while his judgment and experience enabled him to advise a large number of city, state and national organizations. In this capacity, he advised the state industrial committees in Idaho , Utah , Colorado and Arizona . He drew up an appraisal of a pension fund for firefighters and police officers in Berkeley in 1928, proposed a retirement system for employees in the city of Palo Alto in 1930 and in 1934 for those in San Francisco. In 1943 he prepared another report for the State of California on a new regulation of the retirement system for teachers.

He served as an advisory actuary in the lead up to the establishment of the state retirement system for California state employees in 1931, and he designed the University of California's current retirement system for its faculty staff. He was a member of the advisory body of the Social Security Agency in Washington, DC and helped draft the final report of that body in 1938. For almost all of his time at the university, he was an advisory actuary and principal advisor to the State Department of Insurance.

Mowbray had an extensive knowledge of insurance. This is particularly evident in his book Insurance: Its Theory and Practice in the United States , which has appeared in numerous new editions since its first edition in 1930, has been approved as teaching material at over 60 universities and has served as the basis for numerous publications on the insurance industry. He was also a recognized expert in specific areas such as worker compensation and accident insurance. His long-term efforts ultimately led to the fact that the compensation payments in the industry could be placed on a solid mathematical basis, similar to how it was e.g. B. is common with life insurance, and this is recognized as his merit. In addition, he also dealt to a lesser extent with fire insurance and mandatory motor vehicle liability insurance.

He died of a heart attack in Berkeley on January 7, 1949 .

Memberships and offices

  • Actuarial Society of America, Associate from 1905, Fellow from 1910
  • American Statistical Association , Fellow 1917
  • Casualty Actuarial Society, Vice President 1914–1915, President 1920, 1921
  • University of California, Department of Economics, Chairman 1928–1934

Honors

  • 1973 - Insurance Hall of Fame Laureate

Publications

  • The state insurance fund of Utah. Arrow Press, Salt Lake City 1925.
  • Insurance: Its Theory and Practice in the United States. McGraw-Hill, New York 1930.
  • Teacher's manual for insurance. McGraw-Hill, New York 4th ed. 1956.

Individual evidence

  1. ↑ http://www.ancestry.ca/genealogy/records/robert-henry-mowbray_150511609
  2. ^ Civil Service Commission, New York (State): Report of the State Civil Service Commission. Vol. 36, 1919, pp. 15-16 ( PDF; 30.2 MB ).
  3. ^ S. Daggett, ET Grether, MR Benedict: University of California: In Memoriam, 1949 - Albert Henry Mowbray, Economics: Berkeley. Accessed December 7, 2015 .
  4. ^ American Statistical Association - ASA Fellows. Accessed December 7, 2015 .
  5. ^ Casualty Actuarial Society - Presidents and Vice Presidents. Accessed December 7, 2015 .
  6. ^ Insurance Hall of Fame - Albert Henry Mowbray. Accessed December 7, 2015 . (with picture by AH Mowbray)
personal data
SURNAME Mowbray, Albert Henry
BRIEF DESCRIPTION American economist
DATE OF BIRTH March 30, 1881
PLACE OF BIRTH San Francisco
DATE OF DEATH January 7, 1949
Place of death Berkeley