Law Firms

Our Consultant is simply the best.

— Law Firm

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

Comparative / Contributory Negligence
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Comparative / Contributory Negligence

In 2009, we were retained by a lawyers’ association to evaluate the historical impact of contributory negligence and comparative negligence tort systems on personal automobile insurance.

Legislative / Regulatory Impacts
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Legislative / Regulatory Impacts

A state medical society asked Pinnacle to evaluate the impact of a change in the state’s damage caps for non-economic damages for medical professional liability. Pinnacle worked with the medical society to identify the most appropriate claims databases to assess the legislation’s potential impact. 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 addition, we performed a thorough analysis of how the state compared to other states in terms of the availability and affordability of medical professional liability insurance coverage, insurer operating results for the line, and access to healthcare in the states. Through this industry analysis, we identified differences well beyond a simple loss limitation and provide a more complete review of potential environmental changes that could be expected in the state.

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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