Insurance is only as good as the ability of a company to pay claims. Is your insurance company up to the task of paying your claim?
Fortunately, we need not guess. There are many insurance ratings agencies that review the financial health of insurance companies regularly, and report to the public how reliable their coverage is for home, health and casualty.
The chart below explains the meanings of the various scores given by the listed ratings agencies. O’Connor Insurance is an independent agency, so we are able to make sure our clients are always covered by companies that are top shelf.
If you have any questions about the financial health of the insurance companies that protect your family or business, please contact your O’Connor insurance agent. We’ll be happy to provide details for you.
| Rating Description | Rating Services | ||||
| A. M. Best | Fitch | Moody’s | Standard & Poor’s | TheStreet.com | |
| Superior Highest ratings, most financially stable and able to meet obligations. |
A++ A+ |
AAA | Aaa | AAA | A+ |
| Excellent Excellent claim-paying ability, financially stable. |
A A- |
AA+ AA AA- |
Aa1 Aa2 Aa3 |
AA+ AA AA- |
A A- |
| Good Above average financial strength, and ability to pay claims. |
B++ B+ |
A+ A A- |
A1 A2 A3 |
A+ A A- |
B+ B B- |
| Adequate Greater risk than companies rated “good” |
B B- |
BBB+ BBB BBB- |
Baa1 Baa2 Baa3 |
BBB+ BBB BBB- |
C+ C C- |
| Below Average | C++ C+ |
BB+ BB BB- |
Ba1 Ba2 Ba3 |
BB+ BB BB- |
D+ D D- |
| Financially Weak | C C- D |
B+ B B- |
B1 B2 B3 |
B+ B B- |
E+ E E- |
| Nonviable | E F |
CCC CC C DDD DD D |
Caa Ca C |
CCC CC R |
F |
