Insurance Policy Review: Is AM Best Rating Important?

Aug. 14, 2012 - PRLog -- Visit Policy Price Check for details about the latest educational update entitled, "Insurance Policy Review: Is AM Best Rating Important?"

The story starts off by talking about why the AM Best rating is important, "The AM Best rating is an important part of the insurance policy review because it shows financial strength, indicates how the business is ran overall, and is a good benchmark for claims paying ability and the general financial solvency of the organization."

The post continues by discussing why the AM Best rating is not always important, "With home insurance, carriers can take a big hit when a natural disaster like a hurricane occurs.  Sometimes this can cause an insurance company to have to be a significant amount of claims and if they were not strong enough in the begging could go out of business.  This doesn’t really happen to car insurance carriers because the risk is lower and cars can be moved away from a hurricane."

To read the rest of the story go here to check it out: http://policypricecheck.com/insurance-policy-review-am-be...

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