Medical malpractice actuarial services

The New York Department of Financial Services has awarded a contract to Pinnacle Actuarial Resources Inc., effective October 7, 2026, through October 6, 2031. The five-year contract carries a cumulative value of $700,000. As the prime contractor, Pinnacle Actuarial Resources Inc. will deliver services related to actuarial analysis and evaluation in support of the Department of Financial Services' regulatory and operational objectives.

The contract period spans five fiscal years, with performance anticipated to be delivered primarily within New York State. The specific scope of work, detailed performance metrics, and designated places of performance are not elaborated in the available contract documentation. The $700,000 cumulative value represents the total contract consideration across the full performance period, equating to an average annual value of $140,000. This engagement reflects the state's need for specialized actuarial expertise to support financial services regulation and related departmental functions.