The ratings services for insurance carriers

By Steve Savant

Every month we troll the online watchdog ratings services for indications of impending rating changes regarding insurance carriers’ upgrades or downgrades. Ever since the debacle of Executive Life in the early 90s, rating services are attempting to stay on top of the financial stability and claims-paying ability of carriers. The actual letter or number rating system is not standardized, so an A+ with one rating service may be three levels lower in another rating service. Learning the rating levels and their definitions is at the heart of understanding how to use them. Steve and Ken introduce you to the world of ratings due diligence with unique commentary that may be of added value to your presentations.