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.
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.
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."
