Insurance is a risk management tool that helps protect individuals and businesses from financial losses due to unexpected events. From car insurance to health insurance, life insurance to property insurance, there are many different types of insurance policies available. The insurance industry plays a critical role in our economy, providing financial protection and stability for individuals, families, and businesses. However, not everyone is aware of the interesting trivia and facts surrounding the insurance industry. Here are a few examples of insurance trivia questions that might test your knowledge:
- What is the oldest insurance company in the world?
- What is the name of the first insurance company in the United States?
- What is the purpose of an insurance premium?
- What is the difference between term life insurance and whole life insurance?
- What is the name of the insurance policy that covers damage or loss caused by natural disasters?
These are just a few examples of the many fascinating facts and trivia related to the insurance industry. Whether you're an insurance professional or just someone who wants to understand more about this important industry, these questions can be a fun and interesting way to learn more about insurance.
222 Insurance Trivia Questions Ranked From Easiest to Hardest (Updated for 2024)
- One of Boston's best-known skyscrapers, "The Pru's" nickname is short for the name of what insurance company?
Answer: Prudential
- Founded in 1922 by a retired, uh, agricultural professional, what insurance company didn't adopt their "Like a Good Neighbor" slogan until 1971?
Answer: State Farm
- In 1929, Baylor Hospital in Texas agreed to provide prepaid hospital care for some 1,500 teachers. This was the origin of what health insurance company? (Hint: it might help to think of the flag of Finland.)
Answer: Blue Cross
- What “B” term refers to a licensed person or organization that a person pays to look for insurance on their behalf?
Answer: Broker
- What federation of motor clubs, known for its roadside service and its repetitive acronym, was founded in 1902 in Chicago, Illinois? It is a privately held not-for-profit national member group.
Answer: American Automobile Association
- Progressive is one of the most well-known insurance providers that offers which type of “forgiveness”—for example, if you wreck your car, you might be able to get some extra coverage so that your rate won’t go up?
Answer: Accident
- Professional negligence and failure to perform professional duties can be covered by an E&O policy, namely "errors" and what thing we forgot?
Answer: Omissions
- 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?
Answer: Coffee
- The oldest insurance company in the United States, the Philadelphia Contributionship, was first organized in 1752 by what famous Philadelphian and Founding Father?
Answer: "Benjamin Franklin
- When you hear it, you might think of antiques or fine jewelry, but which term also applies when you’re evaluating a property to figure out its fair market value? (Hint: An insurance company will also require one before they agree to cover a claim for any damage)
Answer: Appraisal
- The Audubon Center in Columbus, OH is sponsored by what “G” insurance company, a Columbus based company since 1935? Its name is also the last name of the famous 1920s football running back known as the “Galloping Ghost.”
Answer: Grange insurance
- Which American insurer founded in 1912 is headquartered in Boston but has an NYC landmark in its logo? (Hint: You might recall the company’s mascot—an emu—from the TV commercials)
Answer: Liberty Mutual
- What insurance provider, founded in 1931 in Illinois, USA, offers liability among other insurance services, and owns Esurance? Their logo appropriately features two outstretched palms.
Answer: Allstate
- For insurance valuation purposes, actual cash value of property is defined as replacement cost minus what D-word that means decrease in value due to wear, tear, and/or the passing of time?
Answer: Depreciation
- AWS's HPC supports HIPAA, or the privacy protecting WHAT WHAT Portability and Accountability Act of 1996?
Answer: Health Insurance
- Which kind of policy will still cover a claim even if you file it after your policy period ends?
Answer: Occurrence
- What kind of liability insurance would be a handy thing to have in the event of a catastrophic loss raining down on you, so to speak, and your other insurance has run dry?
Answer: Umbrella
- Frequently associated with health insurance, what is the term that represents the amount of money paid by an insured individual before the payments from the insurance company kicks in?
Answer: Deductible
- What “C” term can be used to describe a first of third party in an insurance dispute, basically any person who asserts right of recovery?
Answer: Claimant
- Liability insurance is offered by what insurance company, which has a buck for a mascot and is “The” company associated with its Connecticut city?
Answer: The Hartford
- Which kind of policy can your company get (either as part of a general liability policy or as a separate policy) to cover you in the event that something you’ve made and sold to consumers causes injury or damage?
Answer: Product
- In the insurance business, what is the name for a person whose job it is to analyze statistics to calculate risks and price premiums accordingly?
Answer: Actuary
- Regis Philbin, Meredith Vieira, and Terry Crews all hosted what game show with an insurance policy that covers them if a contestant wins the titular jackpot amount?
Answer: Who Wants to Be a Millionaire?
- What is the "U" term for insurance that is considered excess of other specific policies for a policyholder? These plans originated in the late 1940s and were popularized in the 1960s in the U.S.
Answer: Umbrella insurance
- What is the seven-letter term for a life insurance policy provides fixed payments over a fixed period rather than a lump sum?
Answer: Annuity
- Which A-term applies to vintage automobiles that are usually 10-25 years old, have usually been restored in some way, and qualify to be covered by “classic” car insurance?
Answer: Antique
- The first known mortality tables were published in England in 1693 by what man more famously associated with a recurring comet?
Answer: Sir Edmund Halley
- North Michigan Avenue in Chicago is home to what “central” 100-floor skyscraper, funded by a life insurance company which got its name from a president of the Continental Progress with an alleged big signature?
Answer: John Hancock Center
- With a market cap of over $21 billion, QBE insurance is headquartered in which southern hemisphere country?
Answer: Australia
- Well-known for waggling it on stage, KISS singer Gene Simmons took out a $1 million insurance policy on what specific body part?
Answer: Tongue
- Liability insurance is available from what “T” insurance website, whose logo is a green metal cap with a closed end, used to protect the finger and to push the needle while sewing?
Answer: Thimble
- An 1889 public viewing of an accidentally electrocuted worker from what company (now known for money transfers) led to New York's law requiring utilities to be buried underground?
Answer: Western Union
- There’s a type of insurance for just about everything, including damage caused by which ceiling-based watering system for putting out fires?
Answer: Sprinkler
- In 1997, Pacific Life started using what massive aquatic mammal as the official symbol of the company to represent its strength, persistence, and performance?
Answer: Humpback whale
- Because of a belief in personal liability, Warren Buffett doesn't purchase D&O insurance for Berkshire Hathaway to cover what people that the D and O stand for?
Answer: Directors and Officers
- Nick Dunne increases the payout on the life insurance policy of the title character, his wife Amy, causing him to become a suspect in her disappearance in what 2014 movie based on a bestselling Gillian Flynn novel?
Answer: Gone Girl
- With an average of 139 per year, Texas ranks first compared to all U.S. states in what type of specific weather event?
Answer: Tornadoes
- The short-lived TV show "Cavemen", which starred Nick Kroll, was based on a series of commercials advertising what company?
Answer: GEICO
- What is the common term used in the insurance industry that arose from the practice of each risk-taker writing their name below the total amount of risk they were willing to accept for a certain premium?
Answer: Underwriter
- Keeping you from sweating in your khakis, auto insurance that covers the difference between compensation for a total loss and the amount owed on financing shares its name with what clothing store?
Answer: Gap
- Sounding like an item that holds office papers, what B-word means a temporary insurance contract issued while an applicant waits for a formal insurance policy?
Answer: Binder
- A general liability insurance policy may protect you in the event that something untrue and damaging to your reputation is published—the legal term for which is what?
Answer: Libel
- In property and auto insurance, ACV is one method of determining the damage for which the insured is liable. What does ACV stand for?
Answer: Actual Cash Value
- Two dudes with Midwest connections founded Farmers Insurance Group in what non-Midwest U.S. state that leads the world in almond production?
Answer: California
- 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?
Answer: The Incredibles
- Not just for baby food, which Nestle-owned company also has offered life insurance since 1967?
Answer: Gerber
- Designed to cover uninsured children in families with incomes that are modest but too high to qualify for Medicaid, what tasty sounding program administered by the HSS provides matching funds to states for health insurance to families with children?
Answer: CHIP (Children's Health Insurance Program)
- If you have health insurance, they might not agree to pay for a service your provider wants you to have unless they approve it first (and even then, they still might not agree to cover the cost). What’s the term for this process? (Hint: The word “prior” is also used).
Answer: Preauthorization
- Professional liability insurance is most often known in the U.S. as E&O which stands for what share of words?
Answer: Errors and omissions
- Which (rather dramatic) P-term applies to whatever terrible thing caused a loss (e.g., a fire, a flood, etc.)?
Answer: Peril
- Chris Paul and his fictional twin brother Cliff Paul are often seen as primary spokespeople in commercials for what insurance company?
Answer: State Farm
- Don't say Dungeons and Dragons! Taking a severe fall by slipping on 12-sided dice might be covered under an AD&D insurance policy, which stands for Accidental WHAT & WHAT?
Answer: Death and Dismemberment
- Which type of liability insurance protects your customer’s data in the event of a hack?
Answer: Cyber
- What numerical chapter of bankruptcy under U.S. bankruptcy code allows a company to reorganize?
Answer: Chapter 11
- Allstate’s name actually originated from a competition held in 1925 by which national department store that was looking for a good name for a new brand of tires?
Answer: Sears
- It sounds like a restriction you might put on your bed, but which term is actually used in property insurance to note when multiple buildings are covered under one limit rather than each one having its own?
Answer: Blanket
- Which E-term applies to what’s not covered by your policy—for example, damage that's done on purpose, workers’ comp, or pollution?
Answer: Exclusion
- There’s a specific kind of insurance coverage that you might want if you own a building with several floors—say, a mall—that has both elevators and which kind of moving staircase that could potentially injure people?
Answer: Escalators
- More restrictive than a PPO (Preferred Provider Organization) in an EPO insurance plan, the E stands for WHAT?
Answer: Exclusive
- A turntable ladder is a piece of "special purpose aerial apparatus" most commonly associated with what niche, but oft-seen and oft-heard type of vehicle?
Answer: Firetruck
- Like an ouroboros of risk management, what term is used for the insurance that an insurance company buys from another insurance company to protect itself?
Answer: Reinsurance
- What D-term refers to money that someone who has caused a loss has to pay either to compensate the person who experienced the loss or as a punishment for causing the loss (punitive)?
Answer: Damages
- Dora the Explorer, former Houston Rockets center Dikembe Mutombo, and Salt-N-Pepa have all been part of ad campaigns for what insurance company?
Answer: GEICO
- Even though it only offers plans in 14 states as of 2023, which health insurance provider ranks #2 after UnitedHealth by revenue, pulling in more than $138 billion in revenue? (Hint: It’s part of the 50 statewide Blue Cross Blue Sheild network)
Answer: Anthem
- Modern property insurance today is typically considered to have been created due to what 1666 European event?
Answer: Great Fire of London
- According to a UK insurance expert, there would be a 5-million-pound payout for Jake and Elwood's drive through an Illinois shopping mall in what fraternal 1980 musical comedy?
Answer: The Blues Brothers
- Which term means that the estimate you gave for an insurance premium was way off (Hint: It could also apply if you bungled a line from your favorite movie or attributed a saying to someone who did not actually say it)
Answer: misquote
- Because it is home to major offices of companies such as Aetna and Travelers, a city in what STATE is often nicknamed "Insurance Capital of the World"?
Answer: Connecticut
- What “A” French startup company offers online insurance on a price-quality ratio plan, and its name is also the first name of groundbreaking computer scientist Turing and “Watchmen” author Moore?
Answer: Alan
- The San Francisco-based company Ethos was valued at a valuation of more than $2 billion in May 2021 after spending its existence focusing on what common type of insurance product?
Answer: Life insurance
- By a margin of about $20 million over Berkshire Hathaway, the largest writer of property/casualty insurance in 2020 was what company with a type of property in its name?
Answer: State Farm
- Though they're based in New Jersey, the logo for Prudential Insurance is what massive hunk of limestone at the bottom tip of the Iberian Peninsula?
Answer: Rock of Gibraltar
- The third-largest mortgage lender in the U.S. in 2019 was a bank that was founded in California in the 1850s. What company is this?
Answer: Wells Fargo
- What Connecticut-born composer is famous for pieces like "Concord Sonata" and "Central Park in the Dark," but also made a fortune as a life insurance salesman?
Answer: Charles Ives
- Because it is home to major offices of companies such as The Hartford, Aetna, and Travelers, the city of Hartford, Connecticut, is nicknamed "Capital of the World" of what industry?
Answer: Insurance
- Liability insurance is available from what modern insurance company, known for its humorous commercials and characters, founded by Joseph Lewis and Jack Green with headquarters in Mayfield, Ohio?
Answer: Progressive
- Liability insurance is offered by what California based Insurance Group, owned by the Zurich Insurance Group? They have recently run a series of commercials in which JK Simmons presents exhibits of unusual insurance cases.
Answer: Farmers Insurance
- What “W” insurance company, whose name is a contraction of a three-word phrase about career/home balance, is part of the Cameron Insurance Group? In addition to liability insurance, they also offer personal and business plans.
Answer: Woligo Insurance
- If you purchased "rideshare insurance" because you drive for Uber or Lyft, somewhat ironically that would be what R-word for a policy provision that adds benefits to your basic insurance?
Answer: Rider
- Red-headed Flo smiles her way through Progressive Insurance commercials, while State Farm is repped by what smiling dude in a red sweater?
Answer: Jake
- What term applies to the amount you pay (usually monthly) to your insurance company for coverage?
Answer: Premium
- In 1930, Allstate issued its first policy that cost $41 per year. Which type of car-wagon hybrid was the insurance for?
Answer: Studebaker
- A plaintiff claims that exposure to asbestos at work caused them to get chronic lung disease. Which type of tort claim is this an example of?
Answer: Toxic
- Which D-term, usually preceded by “accidental,” would apply to an accident where someone loses a limb?
Answer: Dismemberment
- Which online insurance broker by Aon lets small businesses easily compare quotes from places like Liberty Mutual, Chubb, Progressive, and CNA to find the most cost-effective plan to—as its name suggests—safeguard their monetary assets?
Answer: Coverwallet
- In 2022, the American health insurance provider formerly known as Anthem Inc. changed its name to what?
Answer: Elevance Health
- Which liability insurance company that’s great for freelancers has a name that might conjure up an image of a bouncy, spring-loaded childhood toy?
Answer: Pogo
- If someone claims that you stole their idea for your company’s commercial, what kind of general injury insurance coverage would cover you?
Answer: Advertising
- In four states, employer's liability insurance is not included as part of worker's compensation coverage. In these states—North Dakota, Ohio, Washington, and Wyoming—employers have to purchase specific employer's liability policies. What one-word term is used to describe these states?
Answer: Monopolistic
- Which American insurance carrier based in New Jersey with a Naval name has been providing professional liability insurance for especially high-risk businesses since 1974?
Answer: Admiral Insurance Group
- In 2019, which U.S.. financial company based in Santa Ana that provides indemnity insurance and settlement services to the real estate industry experienced a data breach that exposed 885 million client records to hackers?
Answer: First American
- According to 2022 data, over 84 million Americans are covered by which government health insurance?
Answer: Medicaid
- The year 1870 is the earliest time that what insurance company first used its iconic red umbrella logo for its advertisements?
Answer: Travelers
- The first step in an insurer honoring their responsibility to defend the insured is to determine whether a claim is covered under the policy. This can sometimes involve applying to a court for what type of judgment?
Answer: Declaratory
- Which kind of liability insurance is extra protection on top of your policy, and shares a name with a handheld device for staying dry in the rain?
Answer: Umbrella
- The famous judgement legal liability Donoghue v Stevenson is more commonly known as when what animal was found in a bottle of soft drink?
Answer: Snail
- From 1985 until 2016, MetLife obtained the licensing rights to use Snoopy and other famous characters from what comic strip series for their commercials and advertisements?
Answer: “Peanuts”
- What New England state was the first in the U.S. to have a commissioner of insurance, with the first commissioner appointed in 1851? Other states had already passed laws regulating insurance companies.
Answer: New Hampshire
- What two-word term is given to the temporary contracts to protect the insured while the procedures for the preparation and issuing of the insurance policy are progressing?
Answer: Cover Note
- If it turns out your business is contributing to polluting the Earth in some way, what kind of liability insurance policy can help cover the costs of remediation?
Answer: Environmental
- Insurance isn’t just for big things like your house and your car—what policy might you want to consider getting from the manufacturer of your new iPhone or iPad?
Answer: AppleCare
- What American mathematician and abolitionist is sometimes referred to in the United States as "the father of life insurance?" He campaigned to regulate the insurance business, requiring among other things that insurance companies provide "surrender values" to policyholders on request.
Answer: Elizur Wright
- What is the name for a provision in an ocean marine insurance policy that adds coverage for damage directly resulting from the bursting of boilers or other mechanical failures, latent defects in the ship's equipment or machinery, and errors in the navigation or management of the ship? The beginning of the term sounds like a unit of measure.
Answer: Inchmaree clause
- What is the name for medical malpractice by an entity not in the business of offering medical services? (An example might be malpractice by an on-site nurse at a factory.) This malpractice would be covered by a general commercial liability policy.
Answer: Incidental
- Far from being beer, in an insurance context an IPA is the name for a health maintenance organization (HMO) that sees patients in-network for the HMO, but also sees patients that are not enrolled in the HMO. What does IPA stand for?
Answer: Independent Practice Association
- COBRA requires group health insurance to be continued even after certain events have transpired, such as employee termination or divorce, which would otherwise have resulted in the insurance being discontinued. What are such events called?
Answer: Qualifying events
- What is the name for coverage that insures contractors, allowing them torecover for the costs a contractor incurs in correcting a design defect that is discovered after construction but before the defect causes a liability claim?
Answer: Rectification coverage
- In what city (in present-day Italy) was the first documented stand-alone insurance policy written in 1347? Previous insurance had been tied to specific loans or contracts.
Answer: Genoa
- What term is given to a policy condition whereby no claim is admissible unless the loss exceeds a specified amount, at which point the Insurer pays the full amount of the claim?
Answer: Franchise
- Which for-profit health insurance company based in Louisville, Kentucky was founded in 1961 as Extendicare Inc., and almost got bought out by Aetna (a major competitor) in 2015?
Answer: Humana
- The Saline Substances Contamination Endorsement is a general liability endorsement that excludes liability arising from using saline substances in what sort of operations?
Answer: Drilling
- What term beginning with ‘C’ is given to the amount of insurance or reinsurance available from one insurer or from the entire insurance market in a particular locality or country?
Answer: Capacity
- UIM coverage applies to damages arising out of what type of accident? The provision kicks in when the person who is liable for the damages does not have sufficient insurance to pay for all of the damages.
Answer: Car
- What two-word term is what is found on a customer’s credit report when they have opted out of receiving pre-screened offers of credit or insurance?
Answer: Promotional Block
- If you miss Open Enrollment—the specific time of year when you can buy Marketplace insurance—but you have a qualifying event (like losing your job), what kind of enrollment period might you still be able to get?
Answer: Special
- What is the name for a policy clause that provides payment to the owner of the other vessel in a collision (when the policyholder's vessel is at fault) for costs resulting from the loss of the use of the vessel and the delay caused in the voyage caused by the accident?
Answer: Demurrage
- The Centers for Medicare & Medicaid Services (CMS), the federal agency that runs the Medicare, Medicaid, and Children's Health Insurance Programs, and the federally facilitated Marketplace, is overseen by what federal department?
Answer: Health and Human Services
- What exclusion in some Directors' and Officers' (D & O) policies precludes claims made by individuals who own a significant percentage of a company's stock?
Answer: Major Shareholder Exclusion
- What is the term for a clause in a contract that permits an insured to report claims made after a policy has expired or been canceled if the wrongful act that gave rise to the claim happened during the lapsed/canceled policy?
Answer: Tail coverage
- What kind of renewable term life insurance gradually offers smaller benefits as the years go by, but the rate at which shrinks is pre-set?
Answer: Decreasing
- What insurance company was created by Leo and Lillian Goodman in 1936, aimed at providing insurance to federal employees and some classes of military officers?
Answer: GEICO
- Once voiced by comedian Gilbert Gottfriend, a talking duck is the mascot of what American insurance company?
Answer: Aflac
- What term is given to any outside interest in, or right to, property founded on legal grounds? Examples of this could be a mortgage, lien for work and materials; or a right of dower?
Answer: Encumbrance
- What is the term for the difference between the cost of acquiring the entity and the reporting entity's share of the book value of the acquired entity?
Answer: Goodwill
- On its website, it says that the firm is now nationwide law with marquee private and insurance clients in the United States, United Kingdom, and which archipelago in the North Atlantic Ocean?
Answer: Bermuda
- What is the name for RV (motor home) coverage for liability that occurs from incidents while your RV is parked and being used for recreational purposes (e.g., at a campsite)?
Answer: Vacation Liability
- What nonprofit organization publishes insurance loss statistics for most motor vehicle models on U.S. roads?
Answer: Highway Loss Data Institute
- What is the name of coverage that protects the insured in the case of identified events that meet certain criteria, such as a hurricane of a specified intensity?
Answer: Parametric insurance
- The "captain of the ship" doctrine applies when what professionals are held liable for the actions of subordinates under their direction and control?
Answer: Physicians
- What type of liability can arise from the actions of agents, partners, independent contractors, employees, or children of the insured?
Answer: Vicarious
- The AFIS certification developed by the International Risk Management Institute is designed to educate insurance professionals about issues facing insurers in what field?
Answer: Agriculture
- When insurers set prices for miscellaneous professional liability coverage, they group unrelated professionals together into classes based on potential risk. What is this rate practice called?
Answer: Hazard Class Pricing
- A family exclusion (which prohibits coverage when one insured family member sues another insured family member) can sometimes be found in D & O (Directors and Officers) liability coverage for what sort of company?
Answer: Privately held
- Federal Insurance Contributions Act (FICA) is a federal payroll tax law that states Medicare and what other tax must be collected from both employees and employers?
Answer: Social Security
- What S term meansto terminate or cancel an insurance policy before the maturity date?
Answer: Surrender
- A&E isn't just a cable television network—in the insurance world, it refers to liability insurance for what professionals?
Answer: Architects & Engineers
- The destruction from what storm was so severe that it led the Texas state government to create the Texas Catastrophe Property Insurance Association, known today as the Texas Windstorm Insurance Association?
Answer: Celia
- Automobile insurance policies often include provisions covering anyone using the covered vehicle, even if not named in the policy, if they have permission to drive the car, called what type of clause?
Answer: Omnibus
- In insurance, what S-word means the assumption by a third party, (such as an insurance company) of a policyholder's legal right to collect damages?
Answer: Subrogation
- Which legal term also applies if you want your health insurance provider to take another look at a claim they denied and reconsider (especially if your provider submitted more documentation that showed the services you got were medically needed)?
Answer: Appeal
- The Cincinnati Reds play in what home run friendly Ballpark, opened in 2003, which gets its name from a presumably tremendous national insurance company?
Answer: Great American Ballpark
- Advertising for insurance companies has been a relatively large sector of the advertising industry for at least 100 years. The attached image of an advertising poster from the 1910s is for an insurance company in what country?
Answer: Netherlands
- Silent film star Ben Turpin was one of the first celebrities to purchase an insurance policy to protect his body parts. What unique ocular feature did Turpin insure for $100,000 in 1928 that is scientifically known as “strabismus”?
Answer: Crossed eyes
- The first compulsory car insurance program was introduced with the Road Traffic Act 1930 in what country?
Answer: United Kingdom
- Founded in Columbus, Georgia 1955, the company Aflac's name was initially an acronym standing for WHAT WHAT Life Assurance Company?
Answer: American Family
- Unsurprisingly, what nation had more than 50% of all liability insurance premiums written in 2013? Although the nation has probably dipped to less than 50% of the global share at this point, it is still the largest liability insurance claimholder in the world.
Answer: United States
- On what NBC sitcom does the titular standup comedian tease the customer service he’s receiving at a car rental agent? He mimics the conversation between the receptionist and his manager, and he opts for the rental car insurance because he assures the agent “I’m gonna beat the hell out of this thing.”
Answer: Seinfeld
- Because he frequently performed dangerous stunts while filming, Daniel Craig insured his body for $9.5 million for what 2008 film where James Bond stops supervillain Dominic Greene from taking over Bolivia’s water supply?
Answer: Quantum of Solace
- Dutch winemaker Ilya Gort was prohibited from riding motorcycles or working as a knife-thrower's assistant in an $8 million policy insuring what specific body part of his?
Answer: Nose
- What was the last name of the 17th century entrepreneur "of London" whose namesake coffee house provided a reliable meeting place for sailors and merchants, and which led to the establishment of a longstanding insurance market and journal?
Answer: Lloyd
- In Germany, health insurance is mandatory. The majority of the country’s population is enrolled in health insurance that is known by which S-term that means it’s required by law?
Answer: Statutory
- Older auto insurance policyholders may qualify for a discount if they take what kind of road safety-focused education class?
Answer: Defensive driving
- If you won’t be able to get your policy documents for a while, your insurance provider can give you a form that proves you have coverage. What term is used for this short, temporary paperwork?
Answer: Binder
- Which hyphenated term applies to the person who is legally responsible for the damage caused by an accident?
Answer: At-fault
- The Office Sharing Exclusion is a provision that excludes coverage for what professionals simply because they share an office with the insured professional?
Answer: Lawyers
- What “A” term is used in liability insurance to describe the total amount of claims that a company will pay within a specified time period?
Answer: Aggregate Limit Of Indemnity
- The TV commercials for which Philadelphia-based life insurance company claim to guarantee policies for older Americans? (Hint: Alex Trebek was the long-time spokesperson and got royalties from those commercials. After his death, the company arranged for those benefits to continue for his family).
Answer: Colonial Penn
- It started out as The National Union Life and Limb Insurance Company in 1863. Today, which insurance company will you find in an NYC skyscraper bearing its name on Park Ave and 45th Street?
Answer: MetLife
- In one of the world's most famous cases of insurance fraud, the Beverly Hills ophthalmologist Steve Cooperman faked the 1999 theft of two paintings worth millions of dollars (they were being stored in a Cleveland storage locker) to claim a $12.5 million insurance payout. With one guess, name either of the two artists behind the "stolen" works.
Answer: Monet and Picasso
- In 2003, Allstate's official spokesperson reins were put in the good hands of what deep-voiced actor who played President Palmer on "24"?
Answer: Dennis Haysbert
- Every year in January, which tournament of the PGA Tour is held on the Torrey Pines Golf Course?
Answer: Farmers Insurance Open
- Which part of an insurance policy goes over what you’re responsible for as well as what your rights are?
Answer: Conditions
- Which insurance company that is well known investing the premiums wisely is based at the Blackstone Plaza in Omaha, Nebraska?
Answer: Berkshire Hathaway
- The Hartford, an investment and insurance company that’s based in the namesake capital city of Connecticut, uses the male species of what antlered animal on its official logo?
Answer: Elk
- In what country was the first employer's liability insurance law enacted in 1871, which allowed employees who were injured on the job to sue their employers? The second act of this nature was Britain's Employer Liability Act of 1880, which allowed employees to sue without having to prove that their employer was negligent.
Answer: Germany
- Also called an “endorsement,” what horseback riding term is also used when you amend an insurance policy to add or remove coverage?
Answer: Rider
- Brownstar Insurance is the hard-to-swallow name of a company in a 2011 Ed Helms comedy film set in and named for what second-largest city in Iowa?
Answer: Cedar Rapids
- Workers’ compensation laws were first introduced and implemented in the 1880s by what "Iron Chancellor" of Germany?
Answer: Otto von Bismarck
- When discussing liability insurance incidents, there's a particular type of case in which an individual is obliged to pay for the losses or damages incurred by a different person in the event of an accident. What is this "i" case?
Answer: Indemnification
- What “B” startup company allows users to get life insurance without doctor visits or traditional paperwork? It is a word that means to confer or present, and is often associated with scenes of royal pageantry.
Answer: Bestow
- Which term describes the cost-sharing arrangement where the person covered by a health insurance plan is responsible for a set amount of money for a medical test or procedure and their plan will cover the rest?
Answer: Copay
- What is the term for a liability policy which provides coverage only for losses occurring from causes specifically mentioned in the policy, as opposed to general liability?
Answer: Named perils
- Which F-term refers to a policy that covers an employer in the event that an employee does something illegal or dishonest (like stealing money)?
Answer: Fidelity
- What is the homeowner's insurance exclusion that means that the insurer is not on the hook if your dog bites someone or damages property? This exclusion was originally developed for owners of breeds assumed to be aggressive, like Doberman Pinschers and Rottweilers.
Answer: Canine liability exclusion
- The Rhode Island-based insurance company Amica was originally founded to cover fire, theft, and what other basic type of coverage that's right in its acronymic name?
Answer: Auto
- Matt Damon plays a lawyer who takes on a corrupt insurance company in what 1997 movie based on the John Grisham novel of the same name?
Answer: The Rainmaker
- Policybazaar and ZhongAn Insurance are both technology-based insurance companies that have received large amounts of funding through the Vision Fund which is one of the world's largest venture capital funds and is associated with what Japanese telecom giant?
Answer: SoftBank
- Businesses can save money on liability insurance by getting a policy with SIR. No, that’s not a person. What is SIR an acronym for?
Answer: Self-insured retention
- What type of insurance for sea farers is the oldest kind in human history, going back to ancient civilizations who didn’t want to risk losing all their valuable cargo?
Answer: Maritime
- Although it spun off as an independent company in 1993, Allstate was founded in 1931 as part of what major American corporation?
Answer: Sears, Roebuck and Co.
- What is the one-word term that Nationwide insurance defines as, "The insurance company's right to pursue legal action in the policyholder’s name against the party legally liable for a loss or damage"?
Answer: Subrogation
- As its full name indicates, it operates both in the USA and globally. Which multinational insurance corporation has sponsored both The Women's Open in golf, and the New Zealand national rugby team?
Answer: American International Group (AIG)
- With a plump name and operations in 54 countries, which insurer is the largest public-traded casualty and property insurance company in the world?
Answer: Chubb
- In 1886, the Endicott & Macomber Agency of Boston wrote the first Employer’s Liability Insurance policy for the Gender and Paeschke Manufacturing Company. In what Midwestern "M" city was the Gender and Paeschke Manufacturing Company located?
Answer: Milwaukee, Wisconsin
- Which Nebraska-based insurance provider was started by a young man who sold insurance to pay his way through medical school in 1909, and a century later has grown to become a Fortune 500 company?
Answer: Mutual of Omaha
- Though arguably just a publicity stunt, the actress America Ferrera insured her smile (including her teeth and gums) via her sponsor for more than $10 million. What "A" brand was her unsurprising dental sponsor?
Answer: Aquafresh
- The building regarded as the world’s first skyscraper, the Home Insurance building, was built in 1884 in which American city?
Answer: Chicago
- Which insurance company founded over 100 years ago by Cornelius Vander Starr offers general liability policies as well as professional policies in specific industries? (Hint: When it was formed, Vander Starr was an American living and working in China, so he called the company American Asiatic Underwriters)
Answer: AIG
- What Michigan-based fintech insurance company acquired the naming rights to the Pittsburgh Steelers’ home stadium in 2022?
Answer: Acrisure
- The first employer’s liability insurance in New York was written for Otis Brothers & Company. What modern convenience did the company manufacture?
Answer: Elevators
- Insurance isn’t just for big things like your house and your car—what policy might you want to consider getting from the manufacturer of your new iPhone or iPad?
Answer: AppleCare
- SafetyWing, a Y Combinator-backed company, provides global traveller's insurance in a low priced subscription model. SafetyWing's product is marketed at remote workers which self-identify with what two-word moniker describing their ability to work from anywhere?
Answer: Digital Nomad
- What comedy podcast made by comedian Christian Duguay is about a freelance insurance adjuster who is investigating potential criminal activity in Burbank’s Rancho Equestrian District? The two-word references the high temperatures in the part of LA the story takes place in, and also the crime.
Answer: Valley Heat
- What kind of liability insurance might you want to get for your business in the event that an employee or customer gets hurt while they’re on your property?
Answer: Premises
- Typically lasting between 10-30 days, what kind of complementary-sounding two-word period is a window of time at the start of your policy when a person is able to change or completely cancel their coverage without penalty and is eligible for a refund of their paid premiums, according to PolicyGenius.com?
Answer: Free Look Period
- What is the alliteratively-named San Francisco-based technology company that offers pay-per-mile car insurance? The company was founded in 2011 and went public in February 2021.
Answer: Metromile
- What’s the protective name of Berkshire Hathaway’s general liability insurance for specific industries, with aggregate limits up to $6 million and premium discounts for businesses?
Answer: Guard
- Liability insurance written after the event creating liability has happened is called what? Although uncommon these policies can be written when the costs arising from the event are uncertain.
Answer: Backdated
- What term beginning with W is an agreement that gives the holder the right to purchase an underlying financial instrument at a given price and time or at a series of prices and times?
Answer: Warrant
- What four-letter term refers to a quality inherent in goods or their packing which produces deterioration or loss or damage to the goods without the assistance of another party and by its own action? It may have nothing to do with gambling, smoking, or other bad habits.
Answer: Vice
- An insurance company that is a wholly-owned subsidiary company created to only provide insurance to its parent company and its affiliates is known by what "C" word?
Answer: Captive
- What “M” Canadian insurance company based in Toronto mainly operates in the United States through John Hancock Financial, while operating in Canada and Asia under its own name? Its logo is a green chart.
Answer: Manulife
- Also the name of a major U.S. insurance company, what sort of "F" insurance guarantee covers loss sustained through fraudulent or dishonest acts committed by employees?
Answer: Fidelity guarantee
- Also the name of a citrus soda, what S-word company offers a cloud-based platform for creating liability insurance products?
Answer: Slice
- “Straight” or “ordinary” refers to which kind of life insurance that covers you for as long as you live?
Answer: Whole
- USAA provides insurance and banking services to members of the military, veterans, and their families. What does USAA stand for?
Answer: United Services Automobile Association
- What Munich-based group is the largest insurance company in Europe, and the third largest in the world, as of 2022?
Answer: Allianz
- The large insurance and financial services company Northwestern Mutual is not headquartered in the Northwestern part of the United States nor in the same state as Northwestern University. In which state is this 1857-founded company headquartered? The company's most recent major FinTech acquisition was the financial planning app LearnVest for over $200 million in 2015.
Answer: Wisconsin
- Farm Bureau Mutual Insurance was in 12 states and D.C. in 1955, when they changed their name to what more aspirational one that the company still goes by?
Answer: Nationwide
- What classic 1944 noir film stars Barbara Stanwyck as a housewife who seduces an insurance rep to commit fraud and eventually murder?
Answer: Double Indemnity
- They probably will have their own general liability policy, but which additional endorsement can you get to protect the people who sell and distribute your product?
Answer: Vendors
- What “H” insurance company, an Anglo-Bermudan provider of liability insurance founded in 1901, has a red fleur de lis as its logo?
Answer: Hiscox
- Jolyon Wagg is an annoying insurance salesman in what Belgian comic strip that was adapted into a 2011 animated film?
Answer: The Adventures of Tintin
- In ocean marine insurance, "PA" is the abbreviation for what term that refers to a partial loss sustained by a specified cargo or vessel?
Answer: Particular Average
- "Insurance coverage for transportation firms that must carry a customer’s goods, as long as they’re willing to pay for it," is the definition of WHAT Carrier Liability?
Answer: Common Carrier Liability
- Which C-term describes the maximum amount that can be paid as a lump sum to the insured person (for example, after they are seriously injured in an accident)?
Answer: Capital
- In economics, what is the two-word term for a situation where an entity (a person, for example, or a corporation) has an incentive to act in risky ways because they will not bear the full costs of that risk? This term can be found as far back as the 17th century and was widely used by British insurance companies by the late 19th century.
Answer: Moral hazard
- Which alliterative insurance provider in the UK started out as a humble coffee house in England where folks would meet to catch up on shipping news and plan tier voyages?
Answer: Lloyd's of London
- What is the name for coverage endorsement that protects employers from the cost of defending claims that a non-exempt employee (i.e., eligible to receive overtime) was not paid the overtime they were due?
Answer: Wage and Hour Insurance Coverage Endorsement
- What Latin phrase meaning "by favor" is used for a payment made by an insurer to a policy holder when there is no legal obligation to do so?
Answer: Ex gratia
- The period in which an insurance customer must incur medical expenses equal to the deductible in order to establish a benefit period is what kind of “A” word?
Answer: Accumulation
- Despite its name, which Chicago-based insurance company isn’t just for financiers?
Answer: Bankers Life
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Eli Robinson is the Chief Trivia Officer at Water Cooler Trivia. He was once in a Bruce Springsteen cover band called F Street Band.
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