Famous Disasters & Claims
This “unsinkable” ship hit an iceberg in 1912 and became one of the most famous insurance losses ever.
Titanic
This big, expensive event involving a couple is often insured so deposits aren’t lost if it gets canceled.
Wedding
Who is the faculty sponsor of the Actuarial Society?
Professor Aaron Tenenbein
This park serves as the center of NYU’s campus
Washington Square Park
This number is widely considered unlucky in Western culture
13
This 2020 global event caused huge business interruption claims, but many insurers denied payouts due to lack of physical damage.
COVID-19
This type of insurance policy protects professionals like doctors and lawyers from claims of negligence or mistakes in their work.
Malpractice Insurance
Where did ActSoc go on retreat this year?
Hunter, NY
This nickname is used for NYU athletic teams.
The Violets
How many years of bad luck does breaking a mirror bring?
7
This recent hurricane flooded New Orleans in and led to massive disputes over flood vs wind insurance coverage.
Hurricane Katrina
This type of insurance provides extra liability coverage beyond standard policies like auto or homeowners, kicking in when those limits are exceeded.
Umbrella Insurance
How many alumni mingles have taken place since its inception?
10
When and by who was NYU founded?
Founded in 1831 by Albert Gallatin
In poker, this is widely considered the worst starting hand
7-2 offsuit
This 2010 offshore disaster in the Gulf of Mexico became the largest marine oil spill in history and led to tens of billions in insured and uninsured losses.
Deepwater Horizon Oil Spill
This pop star, often called the “Queen of Christmas,” reportedly insured her voice for 35 million.
Mariah Carey
When was the Actuarial Society founded?
1979
This NYU building, now used for classrooms, was the site of the 1911 Triangle Shirtwaist factory fire
Brown building/Silver Center
This NFL team went 0-16 in 2008, becoming the first in league history to lose every game in a 16-game season.
Detroit Lions
This 1992 hurricane led to over $15B in insured losses, bankrupted multiple insurers, and directly contributed to the creation of the Florida Hurricane Catastrophe Fund.
Hurricane Andrew
This specialty insurance market, headquartered in London, is famous for underwriting unusual risks like body parts, satellites, and even alien abduction policies.
Lloyd’s of London
What was ActSoc’s first instagram post?
Stern Club Fair Post
Facing financial hardship, NYU sold a campus to CUNY, what is the name of the school that occupies it now?
Bronx Community College
This head fund collapse in 1998 after highly leveraged bets on bonds spreads went wrong, requiring a federal reserve bailout
Long-Term Capital Management (LTCM)