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All About AIM
How We Began
I started Advanced Insurance Management back in 1987,
after having worked as an insurance agent and consultant
since 1976. My name is Ed Priz, and when I started the
company, it was just me, helping employers reduce the
cost of Workers Compensation insurance by correcting
mistakes by insurance companies and the rating bureau
(such as NCCI). I corrected mistakes in classification
codes, experience modification factors, and payroll
audits.
A Family Business: Two Generations of Expertise Serving
You
All these years later, Advanced Insurance Management LLC
still isn't some huge company--but it's also a little
bit more than just me nowadays. My son, Scott
Priz, joined
me here in 2003 after having graduated from the
University of Chicago.
And, while we originally helped mainly employers in our
home state of Illinois, these days we help employers all
over the U.S. We sometimes get hired by insurance
companies, too, and sometimes by insurance agencies, but
most of our work involves helping employers who have
been overcharged. We kind of like doing that sort of
work best, no offense to the folks at the insurance
companies and agencies.
Not All Consultants Are Created Equal
Sometimes, when I look at the websites of some of our
competitors, even though they all look very slick and
modern, I have a hard time figuring out exactly who are
the people behind those company names. And since this
field of Premium Recovery Consultants (or whatever you
want to call it) is unregulated and unlicensed, it
struck me that it might be really important to explain
who are the
people behind Advanced
Insurance Management.
As I said earlier, my name is Ed
Priz. I've
worked in the insurance business since 1976. I've worked
with all kinds of employers over the years, large and
small, ranging from small machine shops to Fortune 500
type corporations. I hold the professional designations
Chartered Property Casualty Underwriter (CPCU)
and Associate
in Premium Auditing (APA).
In addition to my consulting work, I often serve
as an expert witness in
court cases involving disputed Workers Compensation
insurance premiums. I've served as an expert in state
and federal courts across the U.S. including in two
federal criminal cases. You can find out more about that here. I've
been retained as an expert by policyholders, by
insurance companies, and by insurance agents and
brokers.
I'm also the author of three books on Workers
Compensation insurance (the most recent
of which was
co-authored by my son Scott.)
I'm a member of the National
Society of Insurance Premium Auditors, The National
Society of Chartered Property Casualty Underwriters,
and the Forensic
Expert Witness Association.
Oh, and I have also been approved as a Recommended
Expert Service Provider by
the A.M.
Best Company.
Advanced
Insurance Management LLC is
also a member of the Better
Business Bureau. Since our line of work is
unregulated and unlicensed, I thought that it was
important to have some kind of objective benchmark for
ethical business operations. Our current rating from the
BBB is A+.
Over the years, we figure we've produced around
$25,000,000--twenty-five million dollars--in Workers
Compensation insurance premium reductions and refunds
for clients. In the cases we review, we find significant
reductions or refunds in one-third to one-half of them.
You can find the answers to more Frequently
Asked Questions here.
If you're interested, you can also listen to an audio
interview I
did a few years ago, talking about the work we do here.
It might be more information than you can stand, but at
least there's a mute button on your computer.
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