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AM Best Ratings Explained Commonly Misunderstood

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By: John Cain

The A.M. Best Company is one of the leading insurance and

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nancial company ratings rms. The company uses a standard
grading scale to provide consumers with information about the
Insurance co tells me my
stability and long term nancial outlook of nancial companies. At
$100,000 life insurance
a glance, someone who is comparing prices of di erent insurance
policy has no cash value?
companies can know whether they are dealing with a company that is in dire straits, is making a
crooks?
comeback from a nancial blow, or is riding on top of the heap. Here is the grading scale used by A.M.
Best Company, and what the grades mean to you. can i get a refund for paid
homeowners insurance if i
A.M. Best's Letter Gradations
decide to go through

A++ Superior Companies with either of these ratings are among the top rated in the industry. another company?

and are divorced spouses or

A+ step children eligible for
A Excellent These companies show a high degree of stability and a positive long term outlook. coverage?
and
A- If i live in Florida but want

B++ Good These companies are stable, but have room for improvement. The long term outlook to buy life insurance while
visiting Oklahoma, do I sign
and may be unsure.
B+ a Ok or FL application?

B Fair While currently stable, these companies have a lot of room for nancial improvement. Is it insurance fraud to buy
and Companies rated below a B+ may not be the best choices for long term insurance items lost in a re to get a
B- policies but may be suitable for short term policies such as car insurance. receipt for replacement
C++ Marginal Indicates that the company is going through some sort of nancial turmoil. Consumer value and then return the
and investment should only be made with extreme caution. Investors may be more item?
C+ interested in this rating because it shows the potential for future gains.
C Weak Indicates a company that is going through nancial problems of one sort or another.
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and Not a good choice for purchasing an insurance policy.
C-
D Poor This company has su ered some sort of major nancial stress and is currently on shaky Car Insurance for 26 Year
nancial ground. Companies with a rating of D may not be suitable for insurance Olds
purchases or long term investments. JD Power & Associates
E Under Indicates a company which is being investigated or administrated by outside agency. Insurance Company Ratings
regulatory
supervision Car Insurance for 21 Year

F In Indicates a company that is being liquidated to pay debts. An F-rated company is Old Drivers

liquidation probably not allowed to sell insurance products, and would not be a wise investment.
 S Suspended This company, for whatever reason, is no longer accepting new customers or An AAA Membership Can
investments. Help Save You Money on
Lack of a Rating Insurance

Just because you cannot nd a rating for any particular company, do not assume that the company is 9 of the Worst Foods to Eat
insolvent or even experiencing nancial turmoil. There are many reasons why a rating may not be While Driving
available, including the company being a subsidiary of a larger rm, lack of current information during
the ratings update, or company changes in name or ownership.
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Ratings Change Often
I work in the construction
Ratings have to be updated frequently in order to be kept up to date. Companies which have less than
industry and would like to
perfect ratings but which are known to be going through restructuring, selling portions of the company,
perform my own repairs.
or other nancial transactions may be slated for a rating upgrade soon. It is not unusual for a rating to
What is my home insurace
drop during a tumultuous economic season, and such temporary downgrades seldom last more than
company required to pay
one or two ratings periods.
for labor and materials
About the Author: John Cain is an avid writer and content specialist for US Insurance Agents. John related to a claim?
authors articles and other content for the company's insurance websites. Google+
I own a home, but my
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brother lives in it, I do not,
can he carry homeowner's
on it?
John Cain
Do historic homes need a
John Cain has been a content specialist with US Insurance Agents since 2008 and
special type of homeowners
continuously strives to provide users with information that will help them shop for and
insurance?
learn about insurance.
If I loan my car to
somebody, are they
Similar Entries covered by my auto
insurance policy?
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We own a camp used
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primarily during the
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summer. Can it be covered
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under our home policy?

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