Public Entities

The Tollway has used Pinnacle as its workers' compensation actuary for many years. We look forward to many more.

— Public Entity

Services

Public Entities

No matter what their purpose, government entities each have their own distinct challenges and demands. Pinnacle understands the insurance challenges these entities face and are equipped to help meet them, regardless of insurance program and service provider involved.

We are nationally-respected actuarial experts who offer a full range of services customized to meet the unique needs of public entities, including traditional loss reserve analysis for exposure within deductibles or self-insured retentions, comparing alternate program structures; analyzing retention levels; and developing feasibility study documents.

Our team of experts has a wide range of experience with individual public entity types, including:

  • Workers compensation and unemployment coverage for cities and municipalities
  • Vehicular liability for transportation authorities
  • General liability coverage for counties
  • Professional liability for sheriffs, police and fire departments
  • Property coverage for school districts and public universities
  • Other entities including park districts, toll authorities, and libraries

As well, Pinnacle is well versed in the intricacies of mechanisms in alternative markets structures for public entities, including:

  • Large deductible policies 
  • Single parent captives 
  • Group captives 
  • Association captives

Publications and Media

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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Case Studies

Reinsurance Price Optimization
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Reinsurance Price Optimization

Pinnacle was approached by an insurance company to provide an independent review of their reinsurance program. The first step was to review historic ceded premiums and losses by treaty layer to determine the overall reinsurer profitability. Pinnacle then independently priced the existing reinsurance program to benchmark the current market pricing. Finally, Pinnacle provided a cost benefit analysis to help the client determine the optimal retention levels for its insurance program. With this information in hand and our support, our client was able to negotiate better terms for their reinsurance program.

Retention Analysis
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Retention Analysis

Pinnacle was asked by a large self-insured regional transportation authority to assess the impact of increasing their self-insured retentions for both workers compensation and automobile liability. We developed a stochastic simulation analysis, based on the program’s historical claims experience and industry benchmarks, that examined not only the increase in expected losses but the program’s additional potential loss variability. Finally, we discussed with the customer the relationship between their current capital position, as well as the current reinsurance market, to ensure the retention they selected for their program was appropriate for them. The authority ultimately increased their retentions, put some of their excess capital to work, and realized substantial savings in their reinsurance costs.

Risk Management Assessment
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Risk Management Assessment

Pinnacle was asked by a state department of corrections to provide a comprehensive, independent review of the adequacy of their property and casualty insurance plan. The independent insurance plan review was necessary for compliance purposes with state insurance regulators. The facility had even stricter self-imposed standards for their insurance plan. It was Pinnacle’s job to review the guidelines for reasonableness and appropriateness as part of an overall risk management strategy. Pinnacle reviewed and adhered to the state code as well as the additional standards provided by the facility. Moving through each line of insurance coverage, Pinnacle offered recommendations and approval notations. The result was an increased level of risk control for the facility, and subsequently led to a follow up review by Pinnacle at the next required consultation.

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