Laura A. Maxwell
Timothy C. Mosler
Aaron N. Hillebrandt
Christina L. Negley
Arthur R. Randolph II
Joseph A. Herbers
Robert J. Walling III
Linda K. Brobeck
Roosevelt C. Mosley Jr.
Derek W. Freihaut
Pinnacle was great to work with and cooperated well with my folks.
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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Empathetic Customer Service, Superior Communication, Expertise, Better Business Decisions
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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Florida Automobile No-Fault Impact Analyses
In 2006 and 2007, Pinnacle was retained by Floridians for Lower Insurance Costs (FLIC) to conduct independent actuarial studies to determine the cost implications on the Florida Health Care system from various changes to the Florida No Fault Law.
First in 2006 we conducted an independent actuarial study to determine the cost implications of repealing Florida’s current no-fault law. Pinnacle also priced first party medical payments benefits of $2,500, $5,000 and $10,000 as replacements for current personal injury protection (PIP) benefits.
Then in 2007, Pinnacle determined the impact that would result from the sunset of Florida’s current no fault law. Pinnacle also determined what current PIP insurance costs will be absorbed by other insurance programs compared to costs that will go unreimbursed since the current PIP coverage will be eliminated at the time that no fault is sunset. Pinnacle testified before the Florida House Committee Working Group on Insurance in support of the analysis. The Florida No Fault Law was sunset only to be reenacted immediately thereafter.
Minnesota Automobile No-Fault Impact Analyses
The Insurance Federation of Minnesota retained Pinnacle in 2006 to conduct an independent actuarial study to determine the possible cost implications of changing Minnesota’s current no-fault law. The scenarios were:
Pinnacle was retained by a major national political organization to investigate the impact of several workers compensation reforms including: implementation of mandatory managed care, privatization of state workers compensation insurance funds and the permitting of private insurers to enter previously monopolistic workers compensation states. Our analysis looked at state-level differences in rate levels, insurer experience, coverage competition, the mix of medical and indemnity claims and numerous other metrics. The study was extremely well received and ultimately presented to more than half of the nation’s governors.
At Pinnacle, we partner with you to explore whatever path it takes to find the answers you need.
October 20, 2021
Financial Reporting Insurance (FINREP) Forum
October 21, 2021
October APEX Webinar -
An Update to Pinnacle’s Risk Retention Group Benchmarking Study