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

Asbestos Liabilities
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Asbestos Liabilities

In 2009, Pinnacle provided expert testimony about the evolution of insurance industry asbestos liabilities in an arbitration hearing among several insurance companies and a pool manager. This assignment drew on our knowledge of the history of insurance industry asbestos liabilities, e.g., the evolution of the legal aspects surrounding coverage determinations, the interplay of primary, excess and reinsurance contracts, the history of failed attempts to control the problem and the impact of bankruptcies among other factors. The assignment also drew on our mass tort / latent liability reserving expertise.

Baltimore Territory Issues
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Baltimore Territory Issues

In 2006, Pinnacle was retained by a group of several automobile insurance companies representing a significant share of the Maryland automobile insurance market to conduct an independent actuarial analysis of the Abell Foundation report, Actuarial Discrimination: City Residents Pay Up To 198% More For Car Insurance Than County Residents (Abell report). This report discusses many factors which contribute to higher automobile insurance rates in urban areas than rural areas with particular emphasis on Baltimore and attempts to quantify the magnitude of this as noted by the title of his report.

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.

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