Michael R. Powers is professor of risk management and insurance at Temple University's Fox School of Business and distinguished visiting professor of finance at Tsinghua University's School of Economics and Management. He serves as chief editor of the Journal of Risk Finance and the Asia-Pacific Journal of Risk and Insurance, and has coedited two books: Global Risk Management: Financial, Operational, and Insurance Strategies and The Economics and Politics of Choice No-Fault Insurance. Previously, Powers was appointed deputy insurance commissioner for the Commonwealth of Pennsylvania, and served as member of the Pennsylvania Health-Care Cost Containment Council during its formative years. He has consulted on a variety of regulatory and tax concerns for clients in both the public and private sectors.