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Workers' Compensation Premium Audits Consultant and Expert Witness

Advanced Insurance Management LLC

Advanced Insurance Management LLC

3230 South Harlem Avenue
Suite 203

Riverside, Illinois 60546

Phone(800) 288-9256

Website www.cutcomp.com/expert.htm

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Advanced Insurance Management provides consultation services on Workers' Compensation insurance audits, classifications, experience modification factors and retrospective rating. We consult with employers to find and recover premium overcharges in Workers' Compensation insurance.
We also serve as expert witnesses in litigation over proper Workers Compensation insurance audits, classifications, experience modifiers, Large Deductible and Retrospective Rated policies.

We also serve as experts in litigation over insurance agent/broker professional duties.

Services

Advanced Insurance Management consults on Workers' Compensation insurance audits, classifications, experience modification factors, premium overcharges, & insurance agent errors and standard of care.

Mr. Priz has been retained by both plaintiffs and defendants to consult on matters in litigation, arbitration, and mediation that involve proper Workers' Compensation insurance classifications, audits, experience modification factors, commercial insurance coverage, and insurance agent standards of care.

Mr. Priz has been retained by policyholders, insurance agents and brokers, and insurance companies, as an expert in these fields.

Mr. Priz has qualified as an expert in these areas in federal and state courts including courts in Illinois, Virginia, Florida, Nebraska, Colorado, Tennessee, Ohio, Mississippi, and Texas.


Litigation Support Services

Edward J. Priz, CPCU, APA, has served as an expert regarding Workers' Compensation insurance premiums, audits, classifications, experience modification factors, payroll audits, and insurance agent/broker standards of care, in both federal and state courts, and in legal hearings before state insurance regulators. He has also consulted on the drafting of legislation pertaining to Workers Compensation insurance in Illinois, and has testified on insurance regulation before the Illinois legislature.

Areas of Expertise

Profile

Edward J. Priz has worked in the insurance field since 1976. He began his insurance career as an insurance agent/broker, then began to consult on Workers Compensation insurance and other commercial lines of insurance in 1983. In 1987 he began his own consulting practice under the name Advanced Insurance Management.

He holds the professional designations of Chartered Property Casualty Underwriter (CPCU) and Associate in Premium Auditing (APA). He has been accepted as an expert witness on Workers Compensation insurance premiums, audits, classifications, experience modifiers, insurance agent standards of care, and other lines of commercial insurance, in state and federal courts across the U.S.

He is the author of three books on Workers Compensation insurance. He currently serves as a member of the Workers Compensation committee of the Illinois Chamber of Commerce, and has testified before the Illinois legislature on issues pertaining to Workers Compensation insurance.

He has worked with clients all across the U.S. regarding their Workers Compensation insurance charges. Some well known clients have included Caterpillar, Inc., Federal Mogul Corporation, the San Francisco 49ers, and Bridgestone Firestone.

Consulting Practice

All States

Professional Experience

Our Principal Consultant has worked in the insurance field since 1976. He has specialized in consulting on Workers Compensation cost and coverage since 1982. He holds Chartered Property Casualty Underwriter and Associate in Premium Auditing professional designations. Has served as an expert witness in both state and federal courts, testifying for both plaintiffs and defendants.


Legal Experience & Services

Mr. Priz has provided expert testimony regarding commercial property and liability insurance, in both federal and state courts, and in legal hearings before state insurance regulators. He has also consulted on the drafting of legislation pertaining to Workers’ Compensation insurance in Illinois, and has testified on insurance regulation before the Illinois legislature.


Affiliations

Member Society of Chartered Property Casualty Underwriters and National Society of Insurance Premium Auditors
Member of the Employment Law Council of the Illinois Chamber of Commerce
Member, Forensic Expert Witness Association


Qualifications

Edward J. Piz has specialized in consulting on commercial insurance, particularly Workers' Compensation insurance, since 1982. He has worked in the insurance industry since 1976, serving as an insurance agent and broker, before concentrating on insurance consulting. He has served as Vice-President of a commercial independent insurance agency and brokerage.

He is the author of three books on Workers' Compensation insurance, and has testified on insurance legislation before the Illinois legislature. He has also served on a task force organized by the Illinois Department of Insurance to implement Workers' Compensation regulations.

He has provided expert testimony in both state and federal courts on a number of occasions regarding Workers' Compensation and other lines of commercial insurance.


Seminars & Training

Mr. Priz has also developed several seminars approved for Continuing Education credit for insurance producers by the Illinois Department of Insurance. He has also presented seminars and training for The Illinois Manufacturers' Association, Caterpillar, Inc., The International Risk Management Institute, the Workers Compensation Claims Association, the Midwest Society of Professional Consultants, and other business and professional groups.


Publications

Author of Workers Compensation Insurance: A Field Guide for Employers & Others.

Author of The Ultimate Guide to Workers' Compensation Insurance, published in 2005 by Entrepreneur Press.

Author of CompControl, Secrets of Reducing Workers' Compensation Cost, published in 1995 by Oasis Press.

Author of Chapter 22 of the Workers Compensation manual produced by the Illinois Chamber of Commerce in 2009.

The work done by Mr. Priz and AIM has also been featured on MSNBC.com, The National Underwriter, Nation's Business, Employer Practices Journal, Small Business Computing, AKFC Quarterly, and other publications.


Education

Mr. Priz holds the professional designation Chartered Property Casualty Underwriter (CPCU) from the American Institute of Property and Liability Underwriters, as well as the designation Associate in Premium Auditing, from the Insurance Institute of America. He is a 1974 graduate of Roosevelt University in Chicago.


Articles Published by Advanced Insurance Management LLC

 Large Deductible Workers Compensation Policies Not a Panacea for Employers

Many larger employers now purchase Large Deductible Workers Compensation insurance policies. They should do with eyes wide open about the benefits and potential pitfalls of such policies.

Read Article

 Upcoming Change in Experience Modification Factors

Changes in the NCCI experience rating formula will impact policyholders across the US. Starting in 2013 the National Council on Compensation Insurance (NCCI) has announced it will be changing the formula used to compute experience modification factors for employers.

Read Article



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