Dr. Jill Bisco
Assistant Professor of Risk Management and Insurance
Finance, Insurance and Law
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Office
SFHB State Farm Hall Of Business 427
Office Phone
Email
- About
- Education
- Awards & Honors
- Research
Biography
After nearly three decades in the insurance industry (both agency and corporate setting), I obtained my Ph.D. and started my academic career at the University of Akron, before joining the faculty at Illinois State University in 2022.
Current Courses
FIL 250.001 Introduction to Risk Management in Business
FIL 250.005 Introduction to Risk Management in Business
FIL 356.001 Property and Liability Insurance
FIL 356.002 Property and Liability Insurance
Teaching Interests & Areas
I take great pleasure in teaching students by leveraging my extensive experience in the insurance industry. My aim is to provide them with a comprehensive framework for examining risk in business. Through practical examples and real-world insights, I strive to equip students with the knowledge and skills necessary to navigate the complexities of the industry. My goal is to lay a strong foundation that not only enhances their understanding of risk management but also prepares them to launch successful careers in the field.
Research Interests & Areas
My research primarily focuses on the regulation and legislation surrounding the insurance industry. I am particularly interested in how these regulatory frameworks impact the operational decision-making processes within insurance companies. This includes examining the strategies insurance companies employ to comply with regulations, the influence of legislative changes on their business models, and the overall effect of regulatory policies on industry practices and consumer protection.
PhD Risk Management and Insurance
Florida State University
Tallahassee, FL, United States
MS Risk Management and Insurance
Florida State University
Tallahassee, FL, United States
BS Business Administration
University of Wisconsin - Platteville
Platteville, WI, United States
Other General Studies
UW Center - Richland
Richland Center, WI, United States
Gamma Iota Sigma Distinguished Service Award
Grand Chapter of Gamma Iota Sigma
2023
Donald W. Hardigree Memorial Award for Outstanding Research Paper
Western Risk and Insurance Association
2021
Advisor of the Year
Gamma Iota Sigma
2019
Finance Advisory Board Research Award
CBA Finance Department Advisory Board
2019
Dean's Service Excellence Award
College of Business Administration, The University of Akron
2018
Finance Advisory Board Research Award
CBA Finance Department Advisory Board
2018
Outstanding Mentor
The University of Akron
2018
Outstanding Teacher Award
The University of Akron
2018
Supporting the Student Experience Award
The University of Akron
2018
Finance Advisory Board Research Award
CBA Finance Department Advisory Board
2017
Best Doctoral Student Paper Award
Southern Risk and Insurance Association
2013
FSU Featured Student
Florida State University
2013
Spencer Scholar
Spencer Educational Foundation
2012
Grants & Contracts
Spencer Education Foundation Grant. Spencer Education Foundation. Private. (2019)
Spencer Education Foundation Grant. Spencer Education Foundation. Private. (2018)
Robert P Ashlock Risk Management and Insurance Development Program. The Institutes - Griffith Foundation. Private. (2017)
The O'Neill Group - Legacy of Caring Fund through Westfield Insurance. Legacy of Caring. Private. (2017)
Conference Proceeding
Bisco, J., & Gradisher, S. Great Lakes Academy of Legal Studies Annual Conference. Secretary, GLALSB (2024)
Journal Article
Bisco, J., & Gradisher, S. Retained Asset Accounts - The Past, The Present and The Concern for Consumer Disclosure. Journal of Insurance Regulation 44.1 (2025)
Bisco, J., Gradisher, S., & Wang, J. Ambiguities in Per Capita Distributions: Navigating Complexities in Estate Planning and Life Insurance. Anne Rigney and Donna Giacobello (EDs). Journal of Financial Service Professionals 78.3 (2024): 54-67.
Bisco, J., & Fier, S. How's the Recovery? Salvage and Subrogation in the Property-Liability Insurance Industry. Journal of Insurance Regulation (2023)
Bisco, J., Gradisher, S., & Wang, J. Life Insurance Beneficiaries – Per Capita vs. Per Stirpes: Is it Really that Clear?. Kathleen McCullough/Cassandra Cole (EDs). Journal of Insurance Regulation (2023)
Bisco, J., Sirmans, E., McCullough, K., & Moises Montesinos Yufa, H. The Impact of Monitor Choice on Loss Reserves. Dr. Patricia Born (EDs). Risk Management and Insurance Review 26.1 (2023): 83-105.
Bisco, J., Booker, K., & Reddic, W. The Effect of External Monitoring on Conservative Financial Reporting in the Property-Casualty Insurance Industry. Auditing: A Journal of Practice & Theory 41.4 (2022): 179-197.
Bisco, J., Fier, S., & Holder, A. A.M. Best Rating Outlooks and Financial Strength Rating Changes. Journal of Insurance Issues 44.1 (2021): 1-37.
Bisco, J., Fier, S., & Pooser, D. Business Interruption Insurance and COVID-19 - Coverage Issues and Public Policy Implications. Journal of Insurance Regulation 39.5 (2020)
Bisco, J., & Fier. Licensing and Reporting in the U.S. Pet Insurance Market. Journal of Insurance Regulation 39.2 (2020): 1-27.
Bisco, J., & Cole, C. The Changing Face of America and the Demand for Financial Advisors. Journal of Financial Services Professionals 74.1 (2020): 35-45.
Bisco, J., McCullough, K., & Nyce, C. Post-Claim Underwriting and the Verification of Insured Information: Evidence from the Life Insurance Industry. The Journal of Risk and Insurance 86.1 (2019): 7-38.
Bisco, J., Gradisher, S., & Mulholland, B. Women and Diversity – Why the Conversation Must Continue in Financial Services. Journal of Financial Services Professionals 73.73 (2019): 72-84.
Bisco, J., & Cole, C. State-Based Retirement Plans - Why or Why Not?. Journal of Insurance Regulation 36.9 (2018): 1-25.
Bisco, J. Denied and Resisted Claims: Recommended Changes to Schedule F. Journal of Insurance Regulation 36.10 (2017): 1-19.
Bisco, J., Cole, C., & Karl, J. Effect of Government Run Healthcare on the Salary of Nursing Professionals in the US. Journal of Insurance Issues 40.2 (2017): 215-246.
Bisco, J., & McCullough, K. Retained Asset Accounts and Creditor Reactions to A.M. Best Changes. Risk Management and Insurance Review 20.3 (2017): 277-307.
Bisco, J., & Marzen, C. Banking Without Guarantees? Public Policy Considerations Concerning Insurance Company Retained Asset Accounts. Baltimore Law Review 46.1 (2016)
Bisco, J., McCullough, K., & Cole, C. Social Media and Employment Practices Liability in Recruiting and Hiring. Professional Liability Underwriters Society (PLUS) Journal 26.6 (2013): 1, 5–6.
Bisco, J., East, T., Johnston, K., & Ohlstrom, M. Biloxi’s Big Gamble ... That Paid Off. CPCU eJournal 62.1 (2009): 1–9.
Presentations
Hidden Risks for Volunteer Emergency Responders. Great Lakes Academy of Legal Studies in Business Conference. Great Lakes Academy of Legal Studies in Business. (2025)
A Quarterly Analysis of Loss Reserves. Great Lakes Academy of Legal Studies in Business. (2024)
Ambiguities in Per Capita Distributions: Navigating Complexities i Estate Planning and Life Insurance. NAIFA Journal Live. National Association of Insurance and Financial Advisors. (2024)
Life Insurance Beneficiaries – Per Capita vs Per Stirpes: Is It Really Clear?. 2024 Financial CoNEXTion Career Exploration Competition Conference. Financial Services Professionals and Finseca. (2024)
Single State Insurers: Characteristics and Performance. Southern Risk and Insurance Association Annual Meeting. Southern Risk and Insurance Association. (2024)
A Quarterly Analysis of Loss Reserves. NAIC/CIPR Insurance Summit. National Association of Insurance Commissioners. (2023)
Do Relationships Between Audit and Non-Audit Service Providers Impact Audit Quality?. NAIC/CIPR Insurance Summit. National Association of Insurance Commissioners. (2023)
Do Relationships Between Audit and Non-Audit Service Providers Impact Audit Quality?. American Accounting Association. (2023)
Do Relationships Between Audit and Non-Audit Service Providers Impact Audit Quality?. American Risk and Insurance Association. (2023)
Retained Asset Account - A Story to Tell. Great Lakes Academy of Legal Studies in Business Conference. Great Lakes Academy of Legal Studies in Business. (2023)
Retained Asset Accounts - The Past, the Present and the Concern for Consumer Disclosure. Great Lakes Academy of Legal Studies in Business Conference. Great Lakes Academy of Legal Studies in Business. (2023)
The Impact of Affiliate P&C Losses on Life Insurance Dividend Payments. Southern Risk and Insurance Association Annual Meeting. Southern Risk and Insurance Association. (2023)
A Quarterly Analysis of Loss Reserves. Southern Risk and Insurance Association. (2022)
Life Insurance Beneficiaries – Per Capita vs Per Stirpes: Is It Really Clear?. Great Lakes Academy of Legal Studies in Business. Academy of Legal Studies in Business. (2022)
The Dissection of Insurer Loss Reserves: A Quarterly Analysis of Bulk Reserves. American Risk and Insurance Association. (2022)
Managerial Discretion and Loss Reserves: Breaking Down Case vs. Bulk Reserves. Southern Risk and Insurance Association Annual Conference. Southern Risk and Insurance Association. (2020)
Managerial Discretion and Loss Reserves: Breaking Down Case vs. Bulk Reserves. World Risk and Insurance Economic Congress. American Risk and Insurance Association. (2020)
Factors Impacting the Demand for Financial Planners – A State Level Analysis. Southern Risk and Insurance Association. (2018)
AM Best Rating Outlooks and Rating Changes. Southern Risk and Insurance Association. (2017)
Do Insurers Manipulate Loss Reserves Leading Up to and Following a Regulatory Financial Examination. FMA European Conference. Financial Management Association. (2017)
Loss Reserves and the Employment Status of the Appointed Actuary: Evidence from the U.S.. Southern Risk and Insurance Association. (2017)
Loss Reserves and the Employment Status of the Appointed Actuary: Evidence from the U.S.. American Risk and Insurance Association. (2017)
How's the Recovery? A Review of Salvage and Subrogation. Southern Risk and Insurance Association. (2016)
Banking without Guarantees – Public Policy Considerations Concerning Retained Asset Accounts. the Academy of Legal Studies in Business National Conference. Academy of Legal Studies. (2015)
Do Insurers Manipulate Loss Reserves before a Regulatory Financial Examination. Southern Risk and Insurance Association Annual Meeting. Southern Risk and Insurance Association. (2015)