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Question for the Money Doctors

Question submitted on Jul 25, 2012.

Question

Can 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.

Answer

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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