Commercial
How many states are part of Acuity's core commercial footprint?
31
(non-core WC states include AL, NV, OK)
What does YTD mean?
Year-To-Date
refers to the period beginning from the first day of the current calendar up to the present date.
In what animated film does the government make superheroes illegal, forcing Robert "Bob" Parr to abandon his secret identity to become an insurance claims adjuster?
The Incredibles
Well-known for waggling it on stage, KISS singer Gene Simmons took out a $1 million insurance policy on what specific body part?
Tongue
What is our largest commercial industry segment by written premium?
Contracting
$910M in WP in 2025
What does TME stand for?
Twelve Month Ending
a reporting period covering the immediately preceding 12 consecutive months
At one time, Acuity insured the commercial auto for this beloved HGTV couple.
Chip and Joanna Gaines
Many people think her lawsuit was frivolous, but Stella Liebeck needed skin grafts for the third-degree burns the drive-thru disaster caused. She just wanted McDonald’s to pay $20,000 to cover her medical bills. When they said no, the case picked up steam. Which menu item was involved in the famous 1994 product liability suit?
Coffee
This specialized type of property insurance is designed to protect goods, materials, and equipment while they are in transit over land.
Inland Marine
What does CAGR stand for?
Compound Annual Growth Rate
measures the mean annual growth rate of a business metric over a specified period longer than one year
The Fujita (foo-gee-ta) scale is used for rating tornado intensity, and it is mostly based on the damage inflicted by the tornado on human-built structures and vegetation. What is the maximum value on the scale?
F5
This was the largest single personal lines insurance loss event in US history.
Hurricane Katrina in 2005, with insurers paying over $40 billion in claims to homeowners and businesses
What type of business coverage protects companies and individuals against claims of negligence, mistakes, oversights, or failure to perform professional services?
Errors and Omissions (E&O) insurance, also commonly referred to as professional liability insurance
What does KPI stand for?
Key Performance Indicator
a quantifiable measure used to evaluate the success of an organization, employee, or project in meeting objectives
Within $500, what is our average Personal Lines policy size on new business?
$4,500
Within $25,000, what was the largest pet claim?
$158,000 (dog)
$53,000 (cat)
Which business operation would be ineligible for Acuity on General Liability?
Tree Trimming, Roofing, Liquor Stores, Hospitals, Fuel Dealers or Distributors, Loggers, Sawmills
Hospitals
What's the difference between accident year (AY) versus calendar year (CY)?
Accident year focuses on when a loss occurred, while calendar year focuses on when a transaction was processed
AY: Rate-making, evaluating underwriting profitability
CY: Financial reporting, tax filing, overall solvency
"Nuclear verdict" is the term assigned used to describe rogue claims of $10M+. What is the general benchmark for a "thermonuclear verdict"?
$100M+
In December 2021, a Texas jury awarded a historic verdict against Beer Belly's Sports Bar in Corpus Christi for overserving a driver who caused a fatal 2017 drunk driving crash. The lawsuit claimed the bar served 11+ drinks to a patron who later drove 91 mph, killing a 59-year-old and her 16-year-old granddaughter. Within $50M, what were the damages awarded?
$301 billion