Direct answer
You should check the company’s financial strength ratings from independent agencies like AM Best, Fitch, or Moody’s, which assess the insurer’s ability to meet long-term obligations. It depends on the specific rating scale used, but generally, an ‘A’ rating or higher indicates a strong capacity to meet policyholder requirements.
Independent credit rating agency reports for insurance company financial strength. For additional information about insurance company oversight and financial analysis, see the National Association of Insurance Commissioners (NAIC) website.
What this means for you
You should check the company’s financial strength ratings from independent agencies like AM Best, Fitch, or Moody’s, which assess the insurer’s ability to meet long-term obligations. It depends on the specific rating scale used, but generally, an ‘A’ rating or higher indicates a strong capacity to meet policyholder requirements.
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