Independent Contractor and Consulting Actuary

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Areas of Focus



LeRoy Boison

LeRoy Boison is a Consulting Actuary with LeRoy A. Boison, Jr., LLC, and has over 40 years of experience in insurance pricing for property/casualty insurance. His areas of focus include predictive analytics, product management, personal lines usage based insurance, expert witness testimony, data management and business intelligence, among others. Mr. Boison was a Principal with Pinnacle and retired from the firm in 2013. He continues his association with Pinnacle, working as an Independent Contractor.

Mr. Boison is a Fellow of the Casualty Actuarial Society and a Member of the American Academy of Actuaries. Mr. Boison is the current Chair of the American Academy of Actuaries (AAA) Automobile Committee. He is the past Vice President – International of the Executive Council of the Casualty Actuarial Society (CAS). He is also the past Chair of the Actuarial Standards Board Casualty Committee, the CAS Ratemaking Committee and the Board of Directors of the Actuarial Education and Research Fund. Mr. Boison is certified by ARIAS (AIDA Reinsurance and Insurance Arbitration Society) as one of some 400+ certified reinsurance arbitrators in the U.S. Prior to joining Pinnacle, Mr. Boison was Senior Vice President at Insurance Services Office, Inc. (ISO), in charge of Actuarial Operations and also the International area.

Publications and Media

Impact Analysis of Florida HB 119
Actuarial Analysis Conducted by Pinnacle Actuarial Resources, Inc.
Authored by LeRoy Boison and Steven G. Lehmann.

February 2012 Apex Discussion Series
Personal Injury Protection Trends
Authored by LeRoy Boison.

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Case Studies

Catastrophic Risks

Catastrophic Risks

Pinnacle was retained by an insurance company specializing in catastrophic risk to identify and test alternative sources of risk financing capacity including traditional reinsurance and catastrophe bonds. In order to complete the project, Pinnacle designed a dynamic financial model to determine the cost/benefit of alternate risk financing strategies.

Minnesota Automobile No-Fault Impact Analyses

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:

  • A complete repeal of the no-fault law, which would be replaced with a tort system including mandatory liability insurance. We also priced first party medical payments benefits of $2,500, $5,000 and $10,000 as replacements for current personal injury protection (PIP) benefits.
  • Implementing a medical fee schedule. This option would consider two different fee schedules: the Minnesota Worker’s Compensation fee schedule, and 115% of the Medicare fee schedule.
  • Introducing a Michigan-style verbal threshold implementation with several PIP limit options.
  • Capping treatments on soft tissue injuries to $2,500.
  • Making alternative care optional for an additional premium.
  • Reducing the PIP benefit limit from $20,000 each for the separate medical and non-medical limits (with $40,000 of coverage total) to $10,000 for each separate sub-limit. This would also include an additional $10,000 of coverage for “trauma care.” 

New Jersey Automobile No-Fault Impact Analyses

New Jersey Automobile No-Fault Impact Analyses

Save Choices for New Jersey Drivers (SCNJD), an ad-hoc coalition of insurers, trade and business associations asked Pinnacle to determine how proposed legislation would affect drivers.

The New Jersey Auto Cost Reduction Act eliminated the judicial requirement that permanent injuries that do not meet the other eligibility criteria for tort claims in no fault cases must have a “serious impact” on the claimant’s life. Pinnacle evaluated the affect of eliminating this requirement and determined the law would “significantly increase “losses eligible for tort recovery. Hence, Bodily Injury (BI) Liability and Uninsured/Underinsured Motorist Coverage (UM/UIM) costs and premiums would increase for drivers selecting the verbal threshold.

On June 14, 2005, two years after Pinnacle conducted its analysis, the New Jersey Supreme Court concluded does not imply a "serious impact" requirement for those seeking damages for non-economic losses (Octavio Serrano v. Jacqueline Serrano, et al. (A-99-03) and DiProspero v. Penn, et al., (A-66-03). As a result, injured claimants may seek recompense from the at-fault party for losses such as pain and suffering. SCNJD hired Pinnacle again to update the analysis based upon the later Insurance Research Council (IRC) data, which became available subsequent to the release of its 2003 report. 

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