Law Firms

One of the most credible and understandable experts I have had on any subject.

— Top Five Insurer

Services

Law Firms

From routine business support to complex litigation, law firms need independent actuaries they can trust and understand. Armed with a solid reputation for credibility, Pinnacle successfully sifts through the toughest challenges you face to identify key arguments, create resolution scenarios and assess financial damage. We have extensive experience handling new license applications, complex litigation, class actions, arbitration, administrative hearings and other contractual disputes.

Our team of experienced consultants can offer insight into a reasonable range of likely outcomes while providing valuable intelligence that comes from working with similar situations. Our litigation/arbitration expertise includes:

  • Identifying loss reserve development causes for insolvent insurers and reinsurers 
  • Defending insurer and bank rating business practices in class action lawsuits 
  • Testifying in administrative rate hearings for many jurisdictions including, California, Florida and Texas 
  • Presenting testimony before legislative bodies and special panels 
  • Assessing coverage issues, including extensive modeling of products liability damages under claims-made policies 
  • Examining adherence to rating rules and practices for commercial and personal lines policies 
  • Analyzing the impact of proposed legislation 
  • Preparing expert reports for submission in federal, state and county courts

Publications and Media

Accounting and Actuarial Services: A Case for Peer Review
Best's Review January 2016 - Issues and Answers
Authored by Derek W. Freihaut.

February 2014 - Apex Discussion Series
Second Injury Funds, Forever! Really?
Authored by John E. Wade.

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Case Studies

Baltimore Territory Issues
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Baltimore Territory Issues

In 2006, Pinnacle was retained by a group of several automobile insurance companies representing a significant share of the Maryland automobile insurance market to conduct an independent actuarial analysis of the Abell Foundation report, Actuarial Discrimination: City Residents Pay Up To 198% More For Car Insurance Than County Residents (Abell report). This report discusses many factors which contribute to higher automobile insurance rates in urban areas than rural areas with particular emphasis on Baltimore and attempts to quantify the magnitude of this as noted by the title of his report.

Contractor's Liability
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Contractor's Liability

Pinnacle was asked to provide a legislative costing analysis and expert testimony regarding proposed legislation that would substantially expand coverage for construction defects in Oregon. Pinnacle’s study and testimony focused not only on the current conditions of the contractors’ liability insurance market compared to other states, but also the historical changes seen when other states made similar changes. Our analysis also focused on the relationship between home warranties and commercial general liability insurance policies and how these risk mitigation techniques differ over time after a home is completed.

Medical Malpractice Damage Caps
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Medical Malpractice Damage Caps

A state insurance regulator asked Pinnacle to determine the potential impact of several proposed tort reforms, including a change to non-economic damage caps for medical professional liability claims. Pinnacle worked with medical society to identify the most appropriate claims databases for assessing the potential legislative change. Our detailed analysis not only considered data from that state, but several others to stress test the results and provide a range of reasonable outcomes. In many cases, the specific reform’s effect, for example “I’m Sorry” legislation, was very difficult to isolate. Through this industry analysis, we identified differences well beyond a simple loss limitation to provide a more complete review of potential environmental changes that could be expected in the state.

This comprehensive analysis helped our client identify the effect of various legislative options, which empowered them to be a strong voice in the legislative debate and to influence policymaking in the state.

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