Linda K. Brobeck
Robert J. Walling III
Derek W. Freihaut
Roosevelt C. Mosley Jr.
Laura A. Maxwell
We were really impressed with the work. All-in-all we were very satisfied.
Pinnacle has compiled relevant databases for use as the basis for legislative costing analyses and other studies.
Pinnacle provides costing and impact analysis of proposed legislative changes and also provides written and oral testimony in support of our analyses.
Pinnacle’s team of experienced experts can provide expertise to help craft and quantify the impact of solutions for issues affecting the insurance market in today’s rapidly changing environment.
Pinnacle has experience not only determining the cost of potential legislative changes, but also assessing their impact on affected segments and stakeholders.
Pinnacle excels in providing expected changes in insurance costs due to proposed legislation on behalf of state insurance regulators, state legislative committees, insurance trade organizations, and state associations of physicians, hospitals and trial lawyers.
With insurance laws and regulations constantly evolving, being alert to changes and their implications is only part of your challenge. Since even a seemingly small modification can have a material impact, you need actuarial experts who can detect a potential law’s implications on insurance markets quickly and accurately.
Our experienced property/casualty actuaries can apply their expertise to help you understand the potential legislative impact in your state. Our costing studies of proposed insurance legislation help policy makers in many states sift through legislative implications. And, as you work to meet unrealistic deadlines in even more complicated political circumstances, we will make sure our analysis is both timely and easy to understand.
We are also available to provide both written and oral testimony to support our findings. As expert witnesses, our actuaries assist insurance trade organizations and state regulators, legislative committees and industry associations, including physician and hospital groups.
As innovators in the actuarial profession, we helped create the underwriting and pricing practices that are now industry standards. We remain on the cutting edge of actuarial science through our recognized commitment to the actuarial profession and thought leadership. We combine our deep expertise and insight gained from working with a wide range of clients with unique qualities that help us ensure we stand apart from other providers:
Independent. Solely-owned by our professional staff, Pinnacle is not affiliated with any insurance company or accounting firm. Pinnacle’s independence is demonstrated by the variety of clients who trust us for legislative support projects including: state insurance regulators, state legislative committees, insurance trade organizations, and state associations of physicians, hospitals, insurers and trial lawyers.
Credible. Our legislative support spans a variety of cases and venues. As recognized leaders in the actuarial profession, our legislative analyses are given the highest standard of credibility.
Experienced. Along with our seasoned actuaries, our team includes training actuaries who can provide a fresh perspective. We pull from our deep bench to assemble the right team for each assignment.
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Pinnacle Health Care Industry Brochure Pinnacle’s experts understand the spectrum of risks inherent in delivering healthcare services in today’s litigious environment.
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Colorado Automobile No-Fault Impact Analyses More »
Pinnacle Actuarial Resources prepared an independent actuarial analysis on behalf of the Colorado Auto Insurance Working Group to determine the cost implications of changes to the Colorado no-fault law. One of the scenarios analyzed was the complete repeal of the no-fault law, replacing it with medical payments coverage.
The analysis employed data from a recent study by the Insurance Research Council (IRC) to assess the impact of a $2,500 economic loss threshold relative to BI losses. Loss and trend information from the Fast-Track monitoring system was reviewed to estimate the impact of implementing no-fault systems from other jurisdictions. Moreover, the Fast Track data was evaluated to assess the impact on costs of other jurisdictions that had previously repealed their no-fault systems.
Lastly, the indicated cost estimates for the state of Colorado were compared to those of tort states in order to assess the reasonableness of the study’s outcomes. The results from this study were used to support rate filings of several of our clients in support of the reforms.
Low Cost Auto More »
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 Damage Caps More »
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.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
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