What does the A.M. Best rating requirement in our bylaws mean?
Carrier ratings are generally issued by A.M. Best, the leading provider of financial strength ratings and data of carriers in the insurance industry. Secure carriers are rated A++ or A+ (Superior), A or A- (Excellent), and B++ or B+ (Very Good). Carriers with ratings of B or less are considered vulnerable to being unable to pay claims in the event of a catastrophic loss or event that affects many insureds. Many insurance buyers only want to consider buying insurance coverage from companies they believe have sufficient financial capacity to provide the necessary policy limits to insure their risks. For more information on financial size and ratings, contact us, or visit www.ambest.com.
