A.M. Best Insurance Financial Rating System

There are so many different insurance companies to choose from that it is difficult for consumers to know if they are making a quality choice. In order to help them make a accurate choice there are a number of different rating companies that rate how insurance companies perform. These ratings range from customer service to financial stability.

One of the important ratings to consider is the financial stability of the insurance company. This would impact their ability to pay out to customers who make claims. A.M. Best is a company that provides a independent survey of financial stability and strength. They operate their rating scale on a A to F scale with S standing for suspended.

When considering a insurance company consumers should watch out for any company below a C++ rating. While new companies do take time to gain a higher rating, anything below a C should be considered a dangerous investment. Companies with a E or F rating are either under regulatory supervision or already in liquidation.

 

Filed Under: FeaturedInsurance Company Ratings

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