Transportation

Our expertise with transportation companies includes:

Agricultural and livestock haulers
Automobile carriers
Bus companies
Chemical and petroleum tankers
Coiled steel
Distributors of food, beverages, heating oil, hardware and other products
Hazardous material (HAZMAT) transporters
Less than trailer load (LTL)
Limousines, including black and silver car services
Logistics companies
Moving and storage companies
Taxicabs

Regardless of your industry segment, you must deal with these exposures every day. Taxicab and livery risks depend on unique workers' compensation laws and dramatically different usages by operator. Bus operations face a variety of legal differences by state. Trucking companies deal with issues ranging from pollution claims for tankers, cargo liability for less than trailer load (LTL) operations, and spoilage risk for agricultural and refrigerated trucking, just to name a few.

At Pinnacle, our focus is to quantify your claims liabilities’ expected ultimate costs and reflect your risk exposures’ unique characteristics. Our extensive experience indicates such exposures are not only manageable, but are controllable. Effective loss control, risk management and safety programs are essential to keep costs in check.

To help address your needs, we consider the multitude of your operation’s real-world circumstances to the maximum extent possible. Our reserve analyses estimate proper accruals for prior years’ claims. Our funding studies can estimate expected costs for next year’s claims. We can also help insurers design a specialty insurance product for your specific business requirements.

Whether your goals involve developing rates for trucking, taxi and school bus insurance products; funding feasibility studies for single parent and homogeneous group captives owned by trucking and public livery companies; analyses of transportation reinsurance programs or more, Pinnacle provides the tools and solutions you need.

Transportation Experts

Derek W. Freihaut

Joseph A. Herbers

Robert J. Walling III

Aaron N. Hillebrandt

Laura A. Maxwell

Gregory W. Fears, Jr.

Darcie R. Truttmann

Erich A. Brandt

Transportation Services

Benchmarking

Pinnacle strives to construct benchmarks for any analysis, whether ratemaking, loss reserving or some other use, as close as possible to replicating the nature of the underlying data being reviewed.
Collateral Negotiations

Pinnacle provides loss reserve analyses and other diagnostics in support of collateral negotiations associated with deductible and/or self-insured retentions.
Cost Allocations

Pinnacle is experienced developing cost allocation mechanisms by member or department in the most equitable manner using elements such as – exposure, geographic cost differences and actual loss experience.
Deposition Support

Pinnacle’s consultants are experienced in helping lawyers ask the right questions and understanding the answers in depositions of other actuarial expert witnesses.
Alternative Risk Transfer Program Design

Pinnacle helps alternative market risk owners, captive managers and service providers determine risk retentions that optimize the balance between the cost of risk transfer and loss volatility.

Transportation Solutions

Alternative Markets

Whether it's a captive insurance company, large deductible program, self-insured entity, public entity pool or syndicate, an alternative market entity is a risk retention program outside the traditional commercial property/casualty market. By virtue of the growth in the alternative markets for more than 30 years, the premium volume outside the mainstream markets is now greater than that written by the traditional markets.

Enterprise Risk Management

Enterprise Risk Management (ERM) is a critical component of increasing your organization’s value by assessing, controlling, exploiting, financing and monitoring risk. The importance of ERM is self-evident due to the demands for information by rating agencies, regulators and financing institutions. While economic capital modeling is an essential element of ERM, it is only part of the process and not sufficient in and of itself.

Legislative Costing

Legislative costing can be challenging to navigate, as insurance laws and regulations are constantly evolving. Since even a small modification can have a material impact, you need actuarial experts who can detect a potential law’s implications on insurance markets quickly and accurately.

Litigation Support/Expert Witness

From routine business support to complex litigation, Pinnacle brings a wealth of experience and insight. As property/casualty insurance and financial litigation continue to grow in complexity, it is essential to have independent, credible and expert actuaries who can explain actuarial matters clearly and effectively.

Loss Reserving

Pinnacle is a leader in the evaluation of indicated accruals for unpaid claims liabilities and other reserves held by companies for financial reporting purposes. Our consultants take leadership positions in professional committees that promulgate standards for loss reserving and are active participants in discussions pertinent to such services. We rely both on both traditional methodologies and innovative techniques that may be warranted given circumstances of the particular assignment.

Who We Serve in Transportation

Accountants and Auditors

Our expertise in providing audit support includes traditional insurance companies, reinsurers, risk retention groups and a wide variety of captive insurance companies. We are regularly called on to provide audit support for insurance, alternative markets and self-insurance operations.

Captive Managers

Pinnacle has expertise in many lines of coverage, alternative risk transfer structures, regulatory jurisdictions and industry niches. Our team of experienced consultants understand the needs of captive managers, and bring local knowledge unique to individual market segments.

Insurers

Whether you need to develop an enterprise risk management program, identify best practices for your industry or procure expert insight and analysis for a broad range of projects, our team of experts is focused on doing whatever it takes to exceed your expectations, time and time again.

Regulators

Pinnacle provides a variety of services to insurance regulators. Services include financial exams including risk-focused examinations, rate filing reviews and model reviews. Pinnacle has also assisted regulators with captive applications reviews, training, and legislative costing.