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Unique Trucking Issues: The Risks and Rewards of Going in for the Long Haul
Greg Fears May 24, 2016 Posted in: Blog Posts, Commercial Lines
I remember cruising down the interstate as a child in the back of my parents’ station wagon. My brothers and I got such a kick out of being able to name all the different models of cars and trucks. The best part of it was getting the semi-truck drivers to honk their horns when we pumped our fists up and down. Nowadays, driving down the interstate means counting the number of different trucking companies with which I am involved in pricing their insurance and reserving for their losses.
Greg Fears

Commitment to the Actuarial Profession

Pinnacle Supports ISU Minority High School Scholars

Commitment to the Actuarial Profession
Greg Fears August 20, 2015 Posted in: Blog Posts, General, Community Involvement
This year marks the 20th anniversary of the Minority High School Scholars Actuarial Academy (MHSSAA) at Illinois State University (ISU). This program provides minority students from around the country with information and insight into the actuarial profession. Each year only 20 of the estimated 70 applications submitted are selected for the week-long program which includes presentations from actuaries and professors, lab exercises and visits to local insurance companies. This valuable program allows the students to gain perspective of the actuarial profession.
Greg Fears

How Many Non-Captives Will Proposed 831(b) Changes Impact?

Deductible Premium Threshold May Increase

How Many Non-Captives Will Proposed 831(b) Changes Impact?
Greg Fears February 19, 2015 Posted in: Blog Posts, Captives, Insurance / Insurers
There is currently a proposal from the Joint Committee on Taxation (JCX-21-15 and JCX-44-15) that would modify section 831(b) of the tax code to increase the $1.2 million threshold for tax deductible premium contributions to $2.2 million and index this amount for inflation. These changes will benefit both small insurers and the U.S. economy. This will likely make the 831(b) election a more attractive option for small insurer formations and allow for growth in existing 831(b) insurance companies.
Greg Fears

SAO for Illinois Joint Self-Insurance Pools

New Rules for 2014 – 2015

SAO for Illinois Joint Self-Insurance Pools
There are new requirements in Illinois for joint self-insurance pools as relates to statements of actuarial opinions (SAO).
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