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Understanding Insurance Ratings – How Does Your Company Measure Up?

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-
AA+ 
AA 
AA-
Aa1 
Aa2 
Aa3
AA+
AA 
AA-

A-
Good
Above average financial strength, and ability to pay claims.
B++ 
B+
A+ 

A-
A1 
A2 
A3
A+ 

A-
B+

B-
Adequate
Greater risk than companies rated “good”

B-
BBB+ 
BBB 
BBB-
Baa1 
Baa2 
Baa3
BBB+ 
BBB 
BBB-
C+

C-
Below Average C++ 
C+
BB+ 
BB 
BB-
Ba1 
Ba2
Ba3
BB+ 
BB 
BB-
D+

D-
Financially Weak
C- 
D
B+ 

B-
B1 
B2 
B3
B+ 

B-
E+

E-
Nonviable
F
CCC 
CC 

DDD 
DD 
D
Caa 
Ca 
C
CCC 
CC 
R
F