Most Popular

Parametric Insurance: A New Spin on an Old Product
During this year’s Pinnacle University (Pinnacle U) event, we presented an overview of parametric insurance. Unlike traditional insurance coverage, parametric insurance is not an indemnification product. Instead, it determines a benefit payable in advance of the policy purchase by estimating the loss as accurately as possible, subject to certain conditions being satisfied. The cost of the policy is based on a pre-determined trigger. Examples might include maximum sustained wind speed for hurricane coverage or earthquake magnitude as measured by the Richter scale.
Will Wildfire Losses Continue to Spread?
Zach Brogadir June 05, 2018 Posted in: Blog Posts, Homeowners, Insurance / Insurers, News
At the Casualty Actuarial Society (CAS) Spring Meeting, I had the pleasure of moderating a session entitled, What You Don't Know about Wildfires… Can Cost You. The topic drew a lot of interest, as 2017 was the most destructive and costly wildfire season ever recorded in the United States. The devastating wildfires affecting Northern California in October and Southern California in December claimed 43 lives and caused an estimated nearly $12 billion of insured losses. While California claimed the majority of 2017 wildfire losses, only about 13% of the total U.S. acres burned were in California. According to the National Interagency Fire Center, less densely-populated Montana and Nevada saw an even greater amount of burn. In total, wildfires scorched nearly double the 2016 area.
Tags:
Pinnacle’s Commitment to Community through Pinnacle U
Joe Herbers May 30, 2018 Posted in: Blog Posts, General, News, Community Involvement
Pinnacle recently hosted the 5th annual Pinnacle University (Pinnacle U) event in our Bloomington office. The Pinnacle U program is a collaborative effort with Illinois State University (ISU) to provide training and development opportunities to both our employees and local college students. Consistent with our firm’s commitment to community, Pinnacle U is well-received in the Bloomington-Normal area.
Pinnacle’s Clients Say It Best
Derek Freihaut May 15, 2018 Posted in: Blog Posts, General, News
Each year, we ask our clients to rate their level of satisfaction with Pinnacle’s services and request their input as to how we can improve their overall client experience. We’re proud that our 2017 client survey yielded a 99% satisfaction rate, and we sincerely thank our client participants for their responses.
Tags:
Significant Reductions in Workers’ Compensation Pure Premium Rates for California
Another big California workers’ compensation rate reduction is coming, effective mid-year 2018. This will be the seventh straight decrease, with the last reduction taken January 1, 2018.

This past week, the Workers’ Compensation Insurance Rating Bureau of California (WCIRB) approved and released the pure premium rate filing, effective July 1, 2018. This rate reduction has not yet been approved by the California Department of Insurance, and is open to a public comment period and hearing.

12345678910Last
«June 2018»
SunMonTueWedThuFriSat
272829303112
3456789
10111213141516
17181920212223
24252627282930
1234567