Acuity Insurance

In an industry first, Vertafore delivers policy binding in PL Rating

Retrieved on: 
Wednesday, April 3, 2024
Fintech, Acuity Insurance, Insurance, Policy, Sale, P&C, Acuity

DENVER, April 3, 2024 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, today announced it has launched the industry's first bind capability within a personal lines rater. Agencies using PL Rating™, the independent insurance channels' top personal lines rating and quoting solution, can quickly find and bind the right coverage for their clients—all within a single platform.

Key Points: 
  • Agencies using PL Rating™ , the independent insurance channels' top personal lines rating and quoting solution, can quickly find and bind the right coverage for their clients—all within a single platform.
  • Independent agents have long relied on PL Rating for accurate, real-time coverage quotes for their clients.
  • Now, with participating carriers, agents can bind and issue policies directly in PL Rating.
  • Vertafore announced and demonstrated PL Rating's bind feature at Vertafore's user conference, happening now through April 4, 2024, in New Orleans.

Acuity Earns Top Claims Award at Excellence in Insurance, Sponsored by Insurity

Retrieved on: 
Monday, October 23, 2023
Data Analytics, Professional Services, Technology, Fintech, Software, P&C, Acuity Insurance, Triage, Weather, Organization, CAT, Learning, Risk, Claim, Acuity, Insurance

Acuity recently received the Claims Champion of the Year award, the only insurer nationwide to be recognized.

Key Points: 
  • Acuity recently received the Claims Champion of the Year award, the only insurer nationwide to be recognized.
  • “The Excellence in Insurance awards are designed to celebrate today’s leading innovators in the P&C industry while learning from their success,” said Sylvester Mathis, Chief Insurance Officer at Insurity.
  • That’s why we are so honored to be recognized as the Claims Champion of the Year,” said Melissa Winter, Acuity President.
  • “Unlike other carriers that wait for claims to come to them, Acuity hits the ground running thanks to our advanced technology,” said Jamie Loiacono, Vice President of Claims at Acuity.

Acuity Reports Increase in Cyber Liability Insurance Claims as Cybercrime Skyrockets

Retrieved on: 
Thursday, October 13, 2022
Insurance, Cyberbullying, Acuity Insurance, Policy, Risk, Research, AM Best, Standard, Multimedia, Acuity, S&P, Computer security

SHEBOYGAN, Wis., Oct. 13, 2022 /PRNewswire/ -- In recognition of Cybersecurity Awareness Month, Acuity Insurance — the sole regional insurance provider rated A+ by both AM Best and Standard & Poor's, with over $6 billion in assets — is reporting an increased need for cyber liability insurance across both personal and business policyholders. From June 2021 to June 2022, Acuity Insurance saw cyber liability insurance claims on its commercial insurance policies increase by more than 50%. For personal policies, Acuity saw more than a 90% increase in cyber claims being reported in 2021 compared with 2020.

Key Points: 
  • From June 2021 to June 2022, Acuity Insurance saw cyber liability insurance claims on its commercial insurance policies increase by more than 50%.
  • For personal policies, Acuity saw more than a 90% increase in cyber claims being reported in 2021 compared with 2020.
  • For personal policies, Acuity saw more than a 90% increase in cyber claims being reported in 2021 compared with 2020.
  • "Our lives, homes and businesses are more connected than ever before," said Steve Maliborski, general manager of commercial products at Acuity Insurance.

Applied Systems Announces 2022 Pinnacle Award Winners

Retrieved on: 
Monday, October 3, 2022
Solution, Marketing, Commercial, Towne, Insurance, Technology, Association, Intelligence, Industry, Convention center, Ireland, Automation, Adoption, Acuity, Gaylord Opryland Resort & Convention Center, International Institute for Applied Systems Analysis, Partnership, Policy, Efficiency, Independent, Republic of Ireland, United Kingdom, MGA, Organization, Tradition, Digital technology, Acuity Insurance, GLOBE, Bank, Financial adviser, Management, Risk management, Ivan Massow, BAE Systems Applied Intelligence

UNIVERSITY PARK, Ill., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Applied Systems today presented its annual Pinnacle Awards at Applied Net 2022, the worlds largest gathering of independent agents, brokers, insurers and MGAs, at the Gaylord Opryland Resort & Convention Center in Nashville, TN.

Key Points: 
  • UNIVERSITY PARK, Ill., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Applied Systems today presented its annual Pinnacle Awards at Applied Net 2022, the worlds largest gathering of independent agents, brokers, insurers and MGAs, at the Gaylord Opryland Resort & Convention Center in Nashville, TN.
  • The 2022 Pinnacle Award winners are Acuity Insurance Company, CalNonprofits Insurance Services, LMBF, AsurrUni & Panda7, StreetSmart Insurance Agency, and Towne Insurance.
  • We are proud to announce our Pinnacle Award winners for 2022, said Taylor Rhodes, chief executive officer, Applied Systems.
  • The IVANS and Applied products and logos are trademarks of Applied Systems, Inc., registered in the U.S.

Acuity Insurance Sees More Than 40% Increase in Severity of Commercial Auto Liability Claims as Road Safety Declines

Retrieved on: 
Thursday, September 29, 2022
Acuity, Income, Policy, Acuity Insurance, Accident, Major, Face, Compliance, S&P, AM Best, National Highway Traffic Safety Administration, NHTSA, Insurance, Small business, Multimedia, Standard, Road

SHEBOYGAN, Wis., Sept. 29, 2022 /PRNewswire/ -- This year to date, Acuity Insurance — the sole regional insurance provider rated A+ by both AM Best and Standard & Poor's, with over $6 billion in assets — has reported a more than 40% increase in severity for its commercial auto insurance liability claims.

Key Points: 
  • With the increase in accident severity and claims costs, it's imperative that businesses have the correct coverage for their business vehicles and the right coverage limits.
  • According to Acuity Insurance, the average commercial auto insurance claim is about 400% higher than an average personal auto insurance claim.
  • Without commercial auto insurance coverage, a business owner could be forced to pay out of pocket for these expenses, putting a serious strain on operations.
  • Compared with personal auto insurance, commercial auto insurance can offer business owners higher insurance limits, helping protect them from costly medical bills or damages and giving them peace of mind their business is well-protected.

New carrier partners go live on Commercial Submissions to streamline small commercial quoting

Retrieved on: 
Friday, September 9, 2022
Partnership, Westfield Insurance, Technology, Commercial, Insurance, Solution, Gold, Acuity Insurance, CNA, MGA, Acquisition, Stevie Awards, BOP, CNA Financial, Efficiency, Financial adviser, Internet service provider, Risk management

DENVER, Sept. 9, 2022 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, today announced Acuity Insurance, Westfield Insurance and CNA Insurance are the latest carriers to go live on its award-winning Commercial Submissions™ platform. These additions reflect the platform's growing momentum and bring even more choice to the solution and mark a new milestone in Vertafore's vision to modernize commercial insurance for the independent agency channel.

Key Points: 
  • Vertafore has long been the leader in market connectivity solutions that enable agencies and carriers to speed up binding and quoting.
  • The company built on this connectivity success when it set out to solve challenges of commercial insurance quoting.
  • The success of Commercial Submissions is the result of a dedicated, experienced Vertafore product and development teams, led by Wendy Haney and David Acker.
  • By building Commercial Submissions from the ground up, Vertafore has placed integration, connectivity, and design thinking at the core of the product.

New Insurance Claims Data Analysis Helps Commercial Businesses Mitigate Common Causes

Retrieved on: 
Tuesday, June 28, 2022
Insurance, Sprain, Slip, Orientation, Acuity Insurance, S&P, National Safety Month, Consultant, Standard, S&P Global Ratings, Risk, Environment, The Chartered Institute of Ergonomics and Human Factors, Acuity, Maintenance, Safety, Injury, Multimedia, Reinsurance, Risk management

Across the 120,000+ businesses Acuity protects, slips, strains and sprains are some of the most common commercial insurance claims.

Key Points: 
  • Across the 120,000+ businesses Acuity protects, slips, strains and sprains are some of the most common commercial insurance claims.
  • Almost 8% of all commercial claims over the last five years included a strain or sprain injury, representing 15% of all workers compensation claims.
  • "The data underscores the importance of prioritizing safety measures across all commercial properties," said Gwen Luscavage, loss control field director, Acuity Insurance.
  • "In assessing risk and preventing leading claims causes, customers reduce their premiums, minimize service interruptions and provide a safe employee environment."

Acuity Insurance Joins IVANS Distribution Platform

Retrieved on: 
Wednesday, February 23, 2022
GLOBE, International Institute for Applied Systems Analysis, Insurance, S&P, Army Network Enterprise Technology Command, VP, MGA, Solution, Acuity Insurance, Â, Risk management, Acuity

UNIVERSITY PARK, Ill., Feb. 23, 2022 (GLOBE NEWSWIRE) -- IVANS today announced that Acuity Insurance has joined the IVANS Distribution Platform, the industrys platform built to streamline the submission process by standardizing digital connections to agency-facing systems.

Key Points: 
  • UNIVERSITY PARK, Ill., Feb. 23, 2022 (GLOBE NEWSWIRE) -- IVANS today announced that Acuity Insurance has joined the IVANS Distribution Platform, the industrys platform built to streamline the submission process by standardizing digital connections to agency-facing systems.
  • IVANS Distribution Platform improves the entire commercial lines policy lifecycle.
  • IVANS Distribution Platform will enable Acuity to access agents across multiple distribution platforms, streamlining the submissions process for agencies and creating more profitability for all parties involved.
  • IVANS cloud-based software automates the distribution and servicing of insurance products.

Acuity Now Providing Commercial Rates on IBQ Comparative Rater

Retrieved on: 
Tuesday, July 21, 2020
Acuity Insurance, International Bank of Qatar, Acuity, Insurance, Financial services

SPOKANE, Wash., July 21, 2020 /PRNewswire/ --Acuity Insurance is now available to rate commercial products on IBQ's commercial comparative rater.

Key Points: 
  • SPOKANE, Wash., July 21, 2020 /PRNewswire/ --Acuity Insurance is now available to rate commercial products on IBQ's commercial comparative rater.
  • "Acuity strives to offer our agents the best products and pricing through multiple sales channels," said Ben Salzmann, CEO, Acuity Insurance.
  • IBQ offers a solution that our agents have been asking us for and we are happy to participate on the IBQ platform."
  • Founded in 1997, IBQ Systems is an insurance technology leader in personal and commercial lines comparative rating.