Derek W. Freihaut
Arthur R. Randolph II
John E. Wade
Robert J. Walling III
Laura A. Maxwell
Pinnacle has a willingness to provide whatever service is needed be it a conversation, a study or 2-3 hours on the phone patiently answering questions from stakeholders.
Pinnacle has consultants who are experienced as expert witnesses in arbitrations and also ARIAS-certified arbitrators.
Pinnacle consultants deal with auditors daily, assisting them in serving their customers and evaluating the work products of other actuaries.
Pinnacle strives to construct benchmarks for any analysis, whether ratemaking, loss reserving or some other use, as close as possible to replicating the nature of the underlying data being reviewed.
Pinnacle can assist you in controlling your property
catastrophe exposure by determining the impact of policy changes, including
deductibles, or reviewing geographic areas where exposures are driving your
Pinnacle has experience working with model output from all the major catastrophe modelers for hurricane, other wind, earthquake and fire, and making recommendations for rating plans, territory boundaries, catastrophe loads, rate filings, and reinsurance/risk financing structures.
Pinnacle understands a critical fact for government insurers: unlike private insurance, your program must provide sound financial protection and cannot fail. Further, the ability to set appropriate loss reserve levels for very long tail lines and/or significant catastrophic loss potential is key to your program’s financial stability and may be subject to governmental intervention. At the same time, legislative costing efforts are often incredibly important, as misestimating a law’s impact can affect a program for decades.
That’s why our team of experienced consultants focuses on the unique requirement of your specific industry. We have specific expertise in programs that protect the public welfare, such as programs for infants with birth-related injuries or petroleum storage tank pollution coverage. As well, we understand programs that provide individuals with personal protection, like mine subsidence or wind coverage on a residence, or insurance of last resort for personal auto insurance coverage. We also serve workers compensation and medical professional liability programs protecting injured workers and patients, as well as the businesses and health care providers involved.
Whether you need to set up a new program, require assistance to maintain your existing program, want to evaluate your program’s long-term viability or desire to assess how a new law will impact your program, we can help you understand the challenges you face and find the right solutions for your needs.
We have specific line of business expertise with government insurers in many property and casualty lines, including:
January 2018 APEX Webinar
Statements of Actuarial Opinion at Year-End 2017
Authored by Joseph A. Herbers and Aaron N. Hillebrandt.
January 2017 APEX Discussion Series
Statements of Actuarial Opinion Year-End 2016
Authored by Joseph A. Herbers and Aaron N. Hillebrandt.
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Dedicated Fund Review
Pinnacle was asked by a State Insurance Department to review the financial soundness of a State controlled, dedicated fund. The review consisted of establishing the State’s outstanding liabilities and future funding needs. Detailed historic exposure and loss experience were not readily available from the State because the program was administered by individual insurers. Pinnacle designed and conducted an industry data call on behalf of the State. The collected data was then used by Pinnacle in support of their analysis. As the data was still somewhat limited, additional industry data was gathered from other states to supplement Pinnacle’s analysis. Pinnacle then provided the State with a report detailing the determination of the estimated liabilities, the indicated rate changes, and recommendations on data capturing for enhancement on future studies.
Low Cost Auto
Pinnacle was retained by an industry trade organization to provide an independent review of the proposed costing of a new private passenger auto insurance program for low income insureds. The project included working in an open session with legislators and public members to arrive at a workable rate and classification plan for the new program.
Medical Malpractice PCF
Pinnacle has developed an excellent working knowledge of patient compensation and birth-related injury funds in many jurisdictions, including Florida, Indiana, New Mexico, Ohio, Virginia, and Wisconsin. In several of these states, we not only complete regular rate indications and loss reserve analyses, we are frequently involved in legislative costing of proposed laws that may impact the fund. These proposed laws have included addition, modification and removal of damage caps, changes to primary coverage limits, revisions to program eligibility or mandatory coverage requirements, and program benefits changes. In all of these states, policymakers have benefitted from Pinnacle’s expert analysis, understandable reports and insightful advice.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
March 29, 2018
April 08, 2018
SAS Global Forum 2018
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Pinnacle is an actuarial firm focused on property/casualty insurance, including alternative markets, captives, self insureds, enterprise risk management, predictive analytics, commercial lines and more. We serve trucking, insurance, health care, medical professional liability, reinsurance, workers compensation, public entities and other companies and concerns.
Our services include expert witness, loss reserving, litigation support, pricing, ratemaking, rate filing, statements of actuarial opinion, feasibility studies, capital modeling and other actuarial services and products.
Phone: (309) 807-2300
Fax: (309) 807-2301
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