Perr&Knight In the News: Hales & Lenz Featured in Arkansas Press Democrat

Recently, Perr&Knight’s Kyle Hales and Charles Lenz appeared before the Arkansas State Legislature’s Executive Subcommittee, presenting their commissioned report and recommendations to help alleviate costs from rising insurance premiums incurred by the State’s public schools and colleges.

Highlights from the report and some additional comments made during the presentation by Kyle Hales were outlined in a featured article in the Arkansas Press-Democrat. With the report suggesting the formation of a captive entity to better serve the state, Hales explained: “It’s a true net savings. While the commercial insurance marketplace functions as a reasonably effective means to transfer insurance-related risk, it is by no means a perfectly efficient model. Commercial insurance carrier expenses such as commissions, marketing, advertising, premium taxes and overhead expenses are incorporated into the final premiums paid by policyholders.”

To read the complete article summarizing the hearing, please click HERE.