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Jack Nicholson, Ph.D., MBA, CLU, CPCU
Dr. Jack Nicholson is the Director of the Florida Catastrophic Storm Risk Management Center. He has the position of Research Faculty I in the Department of Risk Management/Insurance, Real Estate and legal Studies at Florida State University. Prior to this, Dr. Nicholson has been a consultant and lobbyist in Tallahassee, Florida specializing in insurance, reinsurance, risk management, and government insurance and regulatory issues. He is the principal of Catastrophe Risk Consulting, LLC which he created in February 2017 and continues to be engaged in consulting activities.
Dr. Nicholson served as the Chief Operating Officer of the Florida Hurricane Catastrophe Fund (FHCF) for the State Board of Administration of Florida from 1994 to 2016 (21.5 years) and retired at the end of February 2016. He was also on the board of directors and was the President of the State Board of Administration Finance Corporation, a statutorily created public benefit corporation created for the purpose of facilitating the issuance of bonds following a major catastrophe. In addition, Dr. Nicholson served on the Florida Commission on Hurricane Loss Projection Methodology (Commission) and served as its chair for the first two years. The Commission was created as a panel of experts in 1995 by the Florida Legislature for the purpose of providing guidelines and standards for the review and evaluation of hurricane computer models used to project losses in residential property rate filings. At the State Board of Administration, Dr. Nicholson had the additional responsibility of overseeing the Insurance Capital Build-up Incentive Program. He has served and continues to serve on the Advisory Council to the Florida Catastrophic Storm Risk Management Center at Florida State University. Additionally, Dr. Nicholson was on the Advisory Council for the My Safe Florida Homes program which suspended operations in 2009.
Prior to coming to the State Board of Administration in September of 1994, Dr. Nicholson worked for the Florida Department of Insurance for eight years. At the Department, Dr. Nicholson held the positions of Director of the Office of Insurance Research and Data Analysis, Deputy Director of Property and Casualty Insurers, Assistant Director of Rating, and Bureau Chief of Rates. Dr. Nicholson was involved in many of the regulatory activities following Hurricane Andrew. These activities ranged from data collection and analysis to operating the Department???s Miami Insurance Center. He served as the Insurance Department???s liaison with the State Board of Administration regarding the FHCF from its inception and has played a major role in its implementation and development.
Jack Nicholson received his Ph.D. in Risk Management and Insurance from the University of Georgia in 1980 where he also earned his undergraduate degree in Business with a major in insurance. He received an M.B.A. from the University of North Dakota while serving as an officer in the U.S. Air Force. Dr. Nicholson also has the professional designations of C.L.U. (Chartered Life Underwriter) and C.P.C.U. (Chartered Property and Casualty Underwriter). He has taught in the area of Risk Management and Insurance at the University of Georgia, the University of Iowa, and Florida State University.