With most major purchases, consumers consider the reputation of the company they choose to do business. Buyer beware is one thing but, understanding the financial stability of your insurance company may be a completely different story. The average consumer wouldn’t have the first clue about what to look for, or why it matters when investigating the stability of an insurance company.
Insurance agents are aware of the largest and longest-established company in business to provide in-depth reports and financial-strength ratings about insurance companies and organizations. The publication and database, “Best’s Insurance Reports,” publishes the largest coverage of insurers and reinsurers in the United States, Canada, the United Kingdom and worldwide of any interactive rating organization.
The AM Best Company was founded in 1899 by Alfred M. Best. During the more then 100 years of history offering insurance rating and information. AM Best is an issuer of fixed-instrument debt ratings that cover bonds, notes, securities products and other financial instruments issued by insurers and reinsurers. AM Best’s debt and commercial paper ratings are used by capital-market issuers and professionals worldwide.
AM Best publishes books, directories, CD-ROM products and Internet-based services about the insurance industry. The focus is on insurance company financial information, underwriting information, providers of legal representation and claims adjusting services to the insurance industry, and company-specific or industry-wide analytical information in the United States, Canada, Europe, Middle East and Asia insurance markets.
Am Best is the longest-running, largest, and most-recognized resource for insurance news and information. Articles written by A.M. Best’s news staff are published in Best’s Review magazine, BestWeek, through its real-time news channels and distributed via more than a dozen international media and information distributors.
Best’s Statement file is regarded as a premier source for regulatory statement financial information. Bests sets the industry standard with quality of their products and reports. AM Best is viewed and respected as the most reliable, accurate and comprehensive statement-source information about insurance companies and organizations operating in the United States and Canada.
Individuals are welcome to visit the AM Best Website and learn about your own insurance company’s financial stability as well as other interesting insurance related news.
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