What type of rating should consumers target?
Anything below a B rating is unacceptable. You have to be looking for at least an A or higher for stability. Here’s an example of a carrier that has an A.M. Best rating of a B. They have an A.M. Best rating, so they are a sizable enough company and they are recognized within the insurance industry. But a rating of a B or worse could signify that a company is on the brink of bankruptcy. You want to find an insurance company that only works with carriers with an A.M. Best rating of A or better. That shows a commitment to you, their client. You want an insurer that takes every step to make sure you have the best security available. On top of that, there is a rating outlook that can be added to the financial strength. The outlook is used to indicate an insurer’s potential direction over an intermediate term (12 to 36 months). This is useful because a company can have a superior financial stability mark, but at the same time its outlook can be positive, negative or stable. That is another p
