Overview
overview
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Dr. Shahid Hamid is Professor of Finance and Chair of the Finance department in the College of Business at Florida International University. He also serves as the Director of the Laboratory for Insurance, Financial and Economic Research located in the International Hurricane Research Center at FIU, and is the Director of an entrepreneurial venture for FIU, and past Director of the MS in Finance program. He has conducted research on a wide variety of topics including hurricane loss modeling, homeowner insurance, international stock markets, corporate financial policies, commercial banking, interest rate risk, derivatives, financial crisis, portfolio performance, central bank policy, technological change, mergers and acquisitions, free trade agreements, and securities class action lawsuits. His recent research work has focused on the insurance and financial consequences of hurricanes. Professor Hamid has received 40 research grants for over $20 million. As the Principal Investigator and project manager for about 18 years he assembled and led a multi-disciplinary team of over two dozen current and past professors and experts and about seventy five students from FIU, UF, FSU, UM, FIT, Notre Dame, WVU, NOAA, NIST etc., in the project to develop, upgrade, and operate the Florida Public Hurricane Loss Model for wind loss and flood loss estimation. The model has been used more than 1,000 times by the state of Florida to evaluate rate filings and conduct stress tests on insurance companies. He is also director of an entrepreneurial venture for FIU Research Foundation that provides hurricane loss modeling service to about thirty client companies in the private sector. Outside of research, Professor Hamid has conducted seminars for executives, served as occasional consultant, and participated and testified in legislative and public hearings. He has been interviewed frequently on professional topics by the print and TV news media.
Dr. Hamid has produced over 180 refereed academic journal papers, proceedings, book chapters, conference presentations, and technical reports. Dr. Hamid's research has been published in such journals as the Journal of Banking and Finance, Journal of Regional Science, Journal of Business Finance and Accounting, European Journal of Finance, Decision Sciences, International Trade Journal, Applied Economics, Quarterly Journal of Business and Economics, International Journal of Finance, Journal of Structural Engineering, Software Practice and Experience, Journal of Wind Engineering and Industrial Aerodynamics, IEEE proceedings, Natural Hazard Review, Applied and Theoretical Climatology, Statistical Methodology, Journal of Modern Applied Statistical Methods, Government Information Quarterly, and others. He has also presented his research at numerous meetings including those of the Financial Management Association, American Economic Association, American Risk and Insurance Association, European Finance Association, Multinational Finance Society, Global Finance Association and many more. He has been member of about 19 university and college committees and is a leader in the faculty governance of curriculum having served as chair of university curriculum committee, chair of COB graduate curriculum committee, chair of COB research committee, member of university faculty senate, and member of the university graduate council. Dr. Hamid has taught bachelor, masters, and doctoral courses, and created and administered as director the tuition plus one year Master of Science in Finance program. He has received 17 teaching awards and 5 research awards and 2 awards for service, including the FIU outstanding research and outstanding teaching as well as the top scholar awards.
research interests
- Asset Valuation Models; Catastrophe Loss Modeling; Corporate Dividend and Debt Policies; Insured Hurricane Property Loss Estimation, AAL and PML; International Portfolio Management; Portfolio Performance Measurement ;Stock Markets and Short Sale Ban; Technological Change in Banking; Stock Option Listing
Scholarly & Creative Works
selected publications
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Article
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2022Florida public hurricane loss model: Software system for insurance loss projectionFull Text via DOI: 10.1002/spe.3086 Web of Science: 000776639500001
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2021Stock market signals and consequences of securities class actions lawsuits: a microstructure perspectiveFull Text via DOI: 10.1007/s11156-021-00957-6 Web of Science: 000617090000001
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2018Estimating extreme losses for the Florida Public Hurricane Model-part IIFull Text via DOI: 10.1007/s00704-016-2029-x Web of Science: 000423574800023
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2017Probable Maximum Loss for the Florida Public Hurricane Loss Model: ComparisonFull Text via DOI: 10.1061/AJRUA6.0000913 Web of Science: 000423145500004
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2017Distribution Fits for Various Parameters in the Florida Public Hurricane Loss ModelFull Text via DOI: 10.22237/jmasm/1493598480 Web of Science: 000411571000028
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2016Hurricane vulnerability model for mid/high-rise residential buildingsFull Text via DOI: 10.12989/was.2016.23.5.449 Web of Science: 000391263500004
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2014Estimating Extreme Losses for the Florida Public Hurricane ModelFull Text via DOI: 10.4038/sljastats.v5i4.7793
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2014Cost-and-Benefit Evaluation of Windstorm Damage Mitigation Techniques in FloridaFull Text via DOI: 10.1061/(ASCE)NH.1527-6996.0000122 Web of Science: 000334348800007
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2013Hurricane vulnerability modeling: Development and future trendsFull Text via DOI: 10.1016/j.jweia.2012.12.004 Web of Science: 000315836600010
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2012Assessment of hurricane-induced internal damage to low-rise buildings in the Florida Public Hurricane Loss ModelFull Text via DOI: 10.1016/j.jweia.2012.03.023 Web of Science: 000307609200009
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2011Catastrophe Model-Based Assessment of Hurricane Risk and Estimates of Potential Insured Losses for the State of FloridaFull Text via DOI: 10.1061/(ASCE)NH.1527-6996.0000050 Web of Science: 000298249400004
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2011Damage Characterization: Application to Florida Public Hurricane Loss ModelFull Text via DOI: 10.1061/(ASCE)NH.1527-6996.0000051 Web of Science: 000298249400007
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2009Florida public hurricane loss model: Research in multi-disciplinary system integration assisting government policy makingFull Text via DOI: 10.1016/j.giq.2008.12.004 Web of Science: 000265228500007
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2008Validation of a probabilistic model for hurricane insurance loss projections in FloridaFull Text via DOI: 10.1016/j.ress.2008.03.017 Web of Science: 000260203100015
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2005State of Florida hurricane loss projection model: Atmospheric science componentFull Text via DOI: 10.1016/j.jweia.2005.05.008 Web of Science: 000232861800004
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2004Hurricane damage prediction model for residential structuresFull Text via DOI: 10.1061/(ASCE)0733-9445(2004)130:11(1685) Web of Science: 000225007100006
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2004A Web-based distributed system for hurricane occurrence projectionFull Text via DOI: 10.1002/spe.580 Web of Science: 000221206600002
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2001Estimation of global systematic risk for securities listed in multiple marketsFull Text via DOI: 10.1080/13518470121761
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1998Will a risk-averse decision maker ever really prefer an unfair gamble? Sometimes, he willFull Text via DOI: 10.1111/j.1540-5915.1998.tb01588.x Web of Science: 000076188700011
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1997Portfolio selection and skewness: Evidence from international stock marketsFull Text via DOI: 10.1016/S0378-4266(96)00032-5 Web of Science: A1997WK29600002
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1996Why a decision maker may prefer a seemingly unfair gambleFull Text via DOI: 10.1111/j.1540-5915.1996.tb00852.x Web of Science: A1996VE06100004
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1996Marginal risk aversion and preferences in a betting marketFull Text via DOI: 10.1080/000368496328740
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Book Chapter
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Conference
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2016A Scalable and Automatic Validation Process for Florida Public Hurricane Loss Model. 324-331.Full Text via DOI: 10.1109/IRI.2016.50 Web of Science: 000391397100041
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2016Domain Knowledge Assisted Data Processing for Florida Public Hurricane Loss Model. 441-447.Full Text via DOI: 10.1109/IRI.2016.65 Web of Science: 000391397100056
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2015Integrated Execution Framework for Catastrophe Modeling. 201-207.Web of Science: 000380479200037
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2014A Web-Based Task-Tracking Collaboration System for the Florida Public Hurricane Loss Model. 304-311.Full Text via DOI: 10.4108/icst.collaboratecom.2014.257662 Web of Science: 000380476700033
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2013Efficiently integrating MapReduce-based computing into a Hurricane Loss Projection model. 402-407.Full Text via DOI: 10.1109/IRI.2013.6642499
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2012Management of hurricane risk in Florida. 2961-2968.Web of Science: 000392426504060
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2011Assessment of hurricane risk and estimates of insured losses using catastrophe modeling. 1645-1648.Web of Science: 000392245603017
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2010Commercial-residential buildings vulnerability in the Florida Public Hurricane Loss Model. 1140-1149.Full Text via DOI: 10.1061/41130(369)104
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2008Impact of the 2004 hurricane season on the florida public hurricane loss modelFull Text via DOI: 10.1061/41016(314)250
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2006Validation of a probabilistic model for hurricane insurance loss projections in Florida. 1377-+.Web of Science: 000241891401070
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2004A reliable web-based system for hurricane analysis and simulation. 5215-5220.Web of Science: 000226863300878
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2003Information reuse and system integration in the development of a hurricane simulation system. 535-542.Full Text via DOI: 10.1109/IRI.2003.1251462 Web of Science: 000189158700074
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2003A three-tier system architecture design and development for hurricane occurrence simulation. 113-117.Full Text via DOI: 10.1109/ITRE.2003.1270584 Web of Science: 000189045900024
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Note
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Other Scholarly Work
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Preprint
Works By Students
chaired theses and dissertations
- Chunhachinda, Pornchai, International stock portfolio selection and performance measure recognizing higher moments of return distributions 1995
Research
principal investigator on
- FIU Hurricane Catastrophe Funds 2020-2025 awarded by State Board Administration of Florida 2020 - 2025
- Florida Public Hurricane Loss Model (FPHLM) awarded by Florida Office of Insurance Regulation 2020 - 2022
- Florida Public Hurricane Loss Model (FPHLM) awarded by Florida Office of Insurance Regulation 2017 - 2020
- Hurricane Catastrophe Fund 2015-2020 awarded by State Board Administration of Florida 2015 - 2020
- Florida Public Hurricane Loss Model Project Model Enhancements to Estimate Losses from Storm Surge and Flooding 2013-2014 awarded by Florida Office of Insurance Regulation 2013 - 2017
- FPHL Model Operation and Maintenance, and Model Upgrades awarded by Florida Office of Insurance Regulation 2013 - 2017
- Florida Hurricane Catastrophe Fund Section I Ratemaking awarded by State Board Administration of Florida 2010 - 2015
- Public Hurricane Loss Model awarded by Florida Department of Financial Services 2009 - 2013
- Florida Catastrophe Hurricane Fund awarded by State Board Administration of Florida 2009 - 2010
- Florida Catastrophe Fund Hurricane Loss. awarded by State Board Administration of Florida 2008 - 2009
- Hurricane Loss Projection Model awarded by Florida Department of Financial Services 2005 - 2009
- Hurricane Risk and Insured Loss Projection Model awarded by Florida Department of Financial Services 2001 - 2005
co-principal investigator on
investigator on
- FPHL Model Operation and Maintenance, and Model Upgrades awarded by Florida Office of Insurance Regulation 2013 - 2017
Contact
full name
- Shahid Hamid
visualizations
publication subject areas
Citation index-derived subject areas the researcher has published in