David Cather

Clinical Professor of Risk Management
Department: Risk Management
Office: 316 Business Building
Phone: 814-863-5455
Fax: 814-865-6284
E-mail: dac32@psu.edu
Member of Faculty Since: 2006


Dave Cather joined the Smeal College of Business in 2006. He holds a B.S.B.A. from Bowling Green State University and an M.B.A. and Ph.D. in Risk Management and Insurance from the University of Georgia. Prior to his current position at Penn State, Dr. Cather taught at the Wharton School at the University of Pennsylvania. He has also held teaching positions at Temple University and Bowling Green State University. Before starting his academic career, Dr. Cather worked in the property-liability insurance industry as a licensed independent agent.

Dr. Cather's research interests include corporate governance, corporate risk management, insurance regulation, auto insurance, and health insurance. His research has been published in a variety of journals, including Journal of Risk and Insurance, Risk Management and Insurance Review, Journal of Banking and Finance, CPCU Journal, and Best's Review.  He is also the co-author of "Introduction to Risk Management and Insurance", a leading textbook in the field of risk and insurance.

In the classroom, Dr. Cather is an accomplished instructor who has received several teaching awards. He was the 2008 recipient of the Les Strickler Innovation in Instruction Award, presented by the American Risk and Insurance Association. While at Wharton, he was the recipient of the Sigma Kappa Phi Outstanding Professor Award.

Current Research

David A. Cather, “The Limits of Insurance Risk Pooling for Large-Scale Loss Events”, Invited paper to The CIP Report, Center for Infrastructure Protection and Homeland Security, September 2014.

Mark S. Dorfman and David A. Cather, 2013 "Introduction to Risk Management and Insurance", 10th edition (Upper Saddle River, NJ: Prentice Hall).

David A. Cather, "A Gentle Introduction to Risk Aversion and Utility Theory," Risk Management and Insurance Review, Spring 2010.


Dr. Cather has served as an expert witness in several cases pertaining to agent-insurer contracting and insurance underwriting practices.


Journal of Risk and Insurance, Book Review Editor


INS 575, Risk Management

RM 430, Life and Health Insurance

RM 302, Risk and Insurance

RM 405, Corporate Risk Management