AM Best Ratings for Insurance Companies
AM Best the largest credit rating agency in the world specializing in the insurance industry. AM assess the creditworthiness of over 16,000 insurance companies worldwide. Am best ratings are important because it represents an insurance company's ability to meet its obligation to policyholders. Ratings are focused on an insurance carriers ability to pay claims, and the credit quality of its obligations. As a result, an AM best rating is incredibly important to an insurance company and is a strong indicator of its financial strength and ability to pay claims to its policyholders.
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