Lilly appointed to Richmond Fed board

CHARLOTTE, N.C.--An academic whose background includes expertise in insurance and risk management has been appointed to a board post with the Federal Reserve Bank.

Claude Lilly, dean of the University of North Carolina at Charlotte's Belk College of Business, was appointed last month to the board of the Charlotte, N.C., branch of the Federal Reserve Bank of Richmond.

The Richmond Fed, one of 12 district reserve banks in the Federal Reserve System, serves the Carolinas, the District of Columbia, Maryland, Virginia and most of West Virginia.

Mr. Lilly joined the Belk College faculty in 1997 and was appointed dean in 2000. Before coming to UNC Charlotte, he was a professor of risk management and insurance and director of the Center for Risk Management and Insurance Research at Florida State University.

Among the areas of Mr. Lilly's expertise are insurance company operations, reinsurance, rate making, self-insurance and risk management.