How do I find ratings for insurance companies?
Before you buy, check out the insurance company’s financial rating:
- A.M. Best Co. ( www.ambest.com) 908-439-2200.
- Fitch Ratings (www.fitchratings.com) 800-893-4824.
- Moody’s Investor Service, Inc. ( www.moodys.com)
- Standard & Poors (www.standardandpoors.com) 800-523-4534.
- Weiss Ratings (www.weissratings.com) 877-934-7778.
What does ACORD stand for insurance?
Association for Cooperative Operations Research and Development
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries.
Is AA rating good for insurance?
Insurers that are determined to be financially strong are then assigned an “A” rating….A-rated insurance companies.
| Company | MetLife |
|---|---|
| Standard & Poor’s | AA- |
| Moody’s | Aa3 |
| AM Best | A+ |
How do I find my A.M. Best rating?
For the latest Best Ratings and Best Company Reports, visit the A.M. Best web site at www.ambest.com (or call 908/439-2200, ext. 5742). There is no charge for this service because Best bills the rated insurance companies.
How do I get A.M. Best rating?
To get started in obtaining a Best’s Credit Rating, contact the Business Development Manager who handles your company type and location. Please have corporate structure, domicile, and premiums/ asset information available. This will enable an initial fee quote to be developed.
What is AM Best A+ rating?
AM Best uses both qualitative and quantitative measures to assess an insurance company’s ability to pay claims and meet its financial obligations. AM Best’s financial strength ratings range from the highest A++ to B+, to 10 vulnerable ratings, ranging from B to S, with the lowest indicating a rating was suspended.