Acuity earned a 2019 Stakeholder Team Accomplishment Recognition™ (STAR) award from independent financial analysis firm Demotech, Inc., putting the company among the top 1 percent of insurers nationwide. Acuity is one of only three companies to earn a STAR award in each of the last four years.
“In a competitive, regulated industry subjected to a variety of economic influences, Acuity’s consistent ability to meet the objective financial standards associated with the criteria underlying our STAR awards is a tribute to management and the enterprise risk management practices they have put in place,” said Joe Petrelli, Demotech Co-Founder and President.
The Demotech STAR award recognizes insurers whose performance benefits all stakeholders, including agents, customers, employees, consumers, regulators, and reinsurers. Acuity was honored with a STAR award for exceeding performance criteria and maintaining outstanding financial strength and stability, profitability, claim handling, and compensation to employees and agents. Nationwide, just 27 of nearly 3,000 property-casualty carriers evaluated qualified for a STAR award.
“Acuity’s consistent performance benefits everyone who depends on us and reflects our commitment to our employees, agents, and customers,” said Ben Salzmann, Acuity President and CEO. “We can all be proud of performing among the top 1 percent of companies and being one of only three companies to earn a Demotech STAR award for four straight years.”
Demotech, Inc. is an independent financial analysis firm located in Columbus, Ohio. Since 1985, Demotech, Inc. has been serving the insurance industry by providing consulting services as well as accurate and proven Financial Stability Ratings® (FSRs) for property and casualty insurance companies of all sizes.
Acuity Insurance, headquartered in Sheboygan, Wisconsin, insures over 100,000 businesses, including 300,000 commercial vehicles, and nearly a half million homes and private passenger autos across 27 states. Rated A+ by A.M. Best and S&P, Acuity employs over 1,300 people.