Question for the Money Doctors
Question submitted on Jul 25, 2012.
QuestionCan you direct me to a website that reviews/rates insurance companies that would be totally unbiased? I looked for a sight that was not a ".com", but could not locate one. Thank you.
Thank you for the question. The three most widely recognized ratings services are:
AM Best (www.ambest.com),
Moody's (www.moodys.com/insurance), and
Standard & Poor (www.standardandpoors.com)
I''m not sure what your definition of unbiased is, but these are the three that most people turn to when looking at the financial health of a company. I would recommend looking not only at the current rating, but the trend as well. Has the company kept their rating, or have they been downgraded recently?
I hope this helps.
, MBA, CPA/PFS
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