Public Policy

We provide input on the probable impact of legislation and policy changes pertaining to state insurance markets.

  • Retained to help address insurance availability crises and opining on the feasibility of establishing state insurance mechanisms.
  • Assisted on a proposed regulation related to the use of credit reports in personal lines underwriting and rating.
  • Drafted Regulations and Bulletins for two states related to credit property and creditor-placed insurance products.
  • Quantified revenue and reviewed other effects of a proposed state legislation including changes to the Premium Tax Statutes and Mandatory Auto Insurance Law.
  • Consulted with a governor’s office on how to alleviate certain medical malpractice issues their state was facing.
  • Provided input on how to effectively regulate and respond to various prevalent ratemaking and examination issues.

Special Projects

Our consultants have been engaged in a wide variety of projects for regulatory entities.

  • Participating on multi-state examinations of a global insurance conglomerate related to false reporting of workers’ compensation premiums.
  • Assessing changes in the law and the effect of the change in the law on workers’ compensation rates and loss costs in South Carolina.  We provided testimony concluding that the law change had a significantly larger effect on loss costs (increase) than what the NCCI concluded as part of their rate filing.
  • Involvement with the National Association of Insurance Commissioners (NAIC) including assisting the Credit Property Working Group in its development of the Credit Personal Property Insurance Model Act; assistance in the development of revisions to the Credit Insurance Experience Exhibits; assisting the chair of the Personal Lines Modernization Working Group, P&C Insurance committee, in developing general guidance for the regulation of personal line rates by the states.
  • Assisting a state insurance commission and Governor’s office on how to alleviate certain medical malpractice issues that they were facing.  We worked with the Governor’s office and the State Legislature to ensure the creation of a new medical malpractice program as well as developing rates and the rating plan for the new program.
  • Participation on the professional team of a state entity that reviews  organizations’ catastrophe models.
  • Review of a company’s application to exploit one state’s law related to the acceleration of the runoff of a solvent insurer. 

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