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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.
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.

Cost Versus Value
Chris Holt April 03, 2018 Posted in: Blog Posts, Pricing & Product Management
With every product we buy comes an expected cost and a value proposition. Our individual purchasing decisions are always based on more than cost alone.  Hence, “Is the protection plan worth it?” is in the eye of the buyer.
Autonomous Vehicles and the Future of Auto Insurance
On March 18th a transportation network company’s (TNC) self-driving car hit and killed a woman in Arizona. This crash brings up insurance questions similar to those generated by the December 31, 2013 fatal accident that first brought the issue of ridesharing and insurance into the spotlight. Transportation network companies wanted personal insurers to cover the exposure, but insurance industry trade groups believed commercial insurance should apply from app on to app off. This led insurance trade groups, insurers and TNCs to develop a compromise model bill. Since then, 48 states and the District of Columbia  have enacted TNC legislation. It also prompted insurers to create new products for TNC drivers.
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