HPU Associate Dean Makes Presentation At Economics And Business Conference

HIGH POINT, N.C., April 29, 2009 – Dr. Stephanie Crofton, associate dean of the Earl N. Phillips School of Business and associate professor of economics at High Point University, presented her paper, “American Share Insurance: the Sole Surviving Private Deposit Insurer in the US,” co-authored with Luis Dopico, Macrometrix, and James Wilcox, University of California, Berkeley, on April 25 at the annual conference of the Economic and Business Historical Society, held in Grand Rapids, Mich.
In her paper, Crofton compares American Share Insurance (ASI) with other past nonfederal deposit insurers. Crofton finds that ASI’s policies have allowed it to thrive when many other past nonfederal deposit insurers did not. ASI’s key policies include specializing on credit unions, diversifying nationwide, selecting and monitoring its insured institutions rigorously, using risk-based pricing, and having strong commitments from its surviving institutions when others fail.
Crofton’s paper is particularly timely today, showing private deposit insurance to be a vibrant and viable alternative. While federal deposit insurance is growing increasingly troubled, ASI is weathering the financial crisis quite well.
At the meeting, Crofton was reappointed as associate editor for the society’s peer-reviewed journal “Essays in Economic and Business History.”
At High Point University, every student receives an extraordinary education in a fun environment with caring people. HPU, located in the Piedmont Triad region of North Carolina, is a liberal arts institution with 3,500 undergraduate and graduate students from more than 50 countries and more than 40 states at campuses in High Point and Winston-Salem. It is ranked by US News and World Report No. 5 among comprehensive universities in the South and No. 1 in its category among up-and-coming schools. Forbes.com ranks HPU in the top 6 percent among “America’s Best Colleges.” The university offers 66 undergraduate majors, 40 undergraduate minors and seven graduate-degree majors. It is accredited by the Commission of Colleges of the Southern Association of Colleges and Schools, and is a member of the NCAA, Division I and the Big South Conference. Visit High Point University on the Web at www.highpoint.edu. Chris DudleyVice President for Administration336-841-4530cdudley@highpoint.edu

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