The History of Insurance
Posted by Mike F. on June 28, 2016 in Acuity

Today, June 28, we celebrate National Insurance Awareness Day. It is a day that few people think to celebrate but there are reasons we should. Your insurance is there to protect you in case something goes wrong. There is a whole industry of people dedicated to advising, helping, and supporting you for the unexpected in life. One of the best things about quality insurance is you shouldn’t have to worry about it—it should just be there for you in case you need it.


Now, since we are sure you’re on the edge of your seat, here is a brief history of insurance in America.


1735 – The first insurance company in the United States was founded. The short-lived mutual insurance company went out of business in 1740.

1752 – Benjamin Franklin, the founding father himself, established the Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the oldest insurance company in continuous operation in the U.S.

1864 – The first accident policy was issued in the United States. This policy was in reaction to new types of risks that were appearing as America grew.

1898 – The first auto insurance policy was issued in the United States, signaling a turn toward a more modern America.

1911 – Wisconsin became the first state to legally offer a workers’ compensation program.

1925 – Connecticut was the first state to pass a financial responsibility law for motorists, requiring the driver of any vehicle involved in an accident to demonstrate the ability to pay.

1925 – Acuity Insurance opened for business as the Mutual Auto Insurance Company of the Town of Herman.

1925 – Massachusetts passed the first compulsory automobile legislation, requiring drivers to buy auto insurance liability coverage.

1957 – Acuity changed their name to Heritage Mutual Insurance Company

1997 – The dot-com era brought the ability to purchase insurance online.

2001 – Acuity changed their name from Heritage Mutual Insurance Company to Acuity Insurance.

Today – Insurance is easier than ever. In minutes, you can research or quote coverages online on your own, or you can talk to an independent agent. Smartphones have changed the way the industry does business and will continue to do so for years to come.


While insurance may not be the most interesting topic in the world, it is an extremely important one. Knowing how much coverage you have and if you are properly protected is something that an Acuity independent insurance agent can help you with. Knowing you are protected puts your mind at ease so you can focus on what is important to you.


Happy National Insurance Awareness Day!

Mike F.
Mike F. knows ACUITY and insurance inside and out. He has more than 36 years of insurance industry experience, including 29 years at ACUITY. His expansive knowledge of home insurance makes him a valuable resource. One of his favorite things about the insurance industry is helping people recover from low points in their lives and getting them back on their feet. If he is going on a trip, you’ll likely find him somewhere warm and sandy

Get a quote today and Achieve Total Acuity.

Posted By: Lisa D. on April 30, 2018 in Acuity
Do you ever feel like you’re buried under a pile of paper? Even in today’s electronic world, there are many documents you receive in paper form and need to keep. Follow these tips to stay organized and keep paper under control.
Posted By: Paige N. on April 20, 2018 in Acuity
If you’re in the hotel industry, there's a good chance your property is working with online travel agencies (OTAs). These companies’ websites are often among the first places people check when looking for lodging. And while working with OTAs gives your property visibility, the 15-30% commission fees can cut into your profits.
Posted By: Addie B. on April 17, 2018 in Acuity
Getting a tax refund? You’re not alone. Most Americans overpay their federal taxes each year. The IRS reports that over 80% of filers receive a refund annually, and the average individual refund for tax year 2016 was over $3,000!