Insurance Company Financial Rating Review

• 30 Insurance Companies became Insolvent (unable to pay their financial obligations) in 2000.

• 30 or more Insurance Companies Expected to become Insolvent in 2001 (per Business Insurance: June 19, 2002).

  (Insurance Journal, June 20, 2002, "A.M. Best Reports P/C Insolvencies Trends Continued in 2001.")

• Your Insurance Company may be unable to meet its financial obligations, meaning you may or may not receive full payment for your claim and you may not receive that amount for some time perhaps years after you make the initial claim.

  How can you avoid selecting an Insurance Company who may be financially unable to pay your claim(s)?

• Review the Insurance Company Financial Rating and Make the Smartest Choice.

The following firms provide insurance company financial ratings that indicate the financial stability of insurance companies:

• A.M. Best
  Insurance Company Financial Rating
  
• Moody's Investor Service
  Financial Ratings
  
• Weiss Research
  Insurance Company Financial Rating

You may check the Insurance Company Financial Rating upon receiving a quote, but is that enough? No, you need to be aware of the Financial Rating of your Insurers on an ongoing basis.

Insurance Company Financial Rating Firms, such as A.M. Best provide Financial Ratings for the Insurance Industry.

Individual Departments of Insurance in the State of Domicile of an insurer may perform a Financial Review and/or Audit of an insurer on a regular basis.

You pay for Your Insurance in hopes Your Insurer will be financially able to pay your claims.

You probably review the status of your investments on a regular basis. Did you know many people carry more Life Insurance than the total amount of invested assets they own?

If You carry more Life Insurance than the amount of investments you have THEN WHY WOULDN'T you check on the Financial Stability of your Insurer on a regular basis?