The Safety Group Receives A Insurance Company Ratings

insurance company ratingsInsurance companies are continually rated by a variety of rating companies to insure they are continually reliable financially. One of the major rating companies, AM Best rates insurance agencies by their financial strength, issuer credit and debt ratings. Ratings are given on a scale from A++ down to F.

Secure companies are ones that have a rating above B+. AM Best has recently reviewed the ratings of The Safety Group and its subsidiaries. The company has a credit issuer and financial strength rating of A, the third highest rating possibility.

AM Best’s ratings are influenced by the Safety Groups positive capitalization, as well as their operating income. One of the factors that is holding the company back from a higher rating is that they specialize their business only in Massachusetts. AM Best has been rating insurance companies since 1899 and is considered the most authoritative rating resource.

 

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