James K. McCauley Insurance Agency

CONNECT

Address:

9220 Bonita Beach Road, Bldg B - Suite 105
Bonita Springs, FL 34135

Phone:

(239) 992-7888

Fax/Other:

(239) 405-8805

Evaluating Insurance Companies

 



 

HOW CAN I KNOW ABOUT THE FINANCIAL STRENGTH OF AN INSURANCE COMPANY?
 

Making sure that your insurance company is financially sound is an important part of helping to ensure your family's security.

Fortunately, there are a number of independent and reputable organizations that make these evaluations. They examine each insurance company in the areas of profitability, debt, liquidity, and other factors. From those results, they issue overall ratings.

Looking up an insurance company’s rating will provide you with a good picture of that company’s financial health. Monitoring the company’s rating on a regular basis may give you some advanced warning of trouble.

The four most prominent rating companies are "A.M. Best", "Standard & Poor", "Moody’s Investor Service" and "Fitch Ratings". Each of these services uses slightly different criteria when rating companies.

A.M. Best ratings are based on financial conditions and performance; Moody’s, Fitch Ratings, and Standard & Poor’s are based on claims-paying ability.

You may contact these services directly. All four services will provide ratings over the phone.



A.M. BEST COMPANY:                    (908) 439-2200 


STANDARD & POOR'S:                   (212) 438-2400 


MOODY'S INVESTOR SERVICE:      (212) 553-0377



FITCH RATINGS:                                 (800) 893-4824


However, it is important to remember that ratings are subject to change.


 

Check the background of this financial professional on FINRA's BrokerCheck
Check the background of this financial professional on FINRA's BrokerCheck