Insurance Company Ratings and Stability
When selecting an insurance policy, you are also selecting an insurance company and you may wish to know how stable that company is financially. Many firms rate the financial soundness of insurance companies. Some provide the ratings free while others charge a fee, ranging from a small fee for an online rating to a larger amount for quarterly reports. Each firm has a different rating scale and firms may differ in the conclusions they reach about a specific insurance company. Therefore, you may wish to check with more than one firm before selecting an insurance company.
Listed below are some of the firms that rate insurance companies along with their phone numbers and web addresses:
A.M. Best Insurance Review
1-908-439-2200 ext. 5742
Moody’s Investor's Service
Standard & Poor’s