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Question 1 of 13 in Insurance Company |
How can I check the company’s rating? |
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A. M. Best Company is the leading provider of financial information and ratings for property and casualty insurance companies. Check out their book (or CD-ROM) at many libraries, or you can visit their Web site (http://www.ambest.com). Moody’s Investor Service and Standard & Poor’s also rate some property and casualty companies. Each service uses a different rating scheme, so to make an informed decision, you should read the ratings definitions for that service. Stick with companies that meet the service’s criteria for being in the top categories--such as “excellent” or “very good.” Also, be sure that any ratings you use have not been changed since the publication date of the source. You should look for update sheets or call the rating company. |
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