What does A.M. Best Rating mean? Read on to discover the definition & meaning of the term A.M. Best Rating - to help you better understand the language used in insurance policies.
A.M. Best Rating
An evaluation published by A.M. Best Company of all life, property, and casualty insurers domiciled in the United States and U.S. branches of foreign property insurer groups active in the United States. The ratings are often used to determine the claims-paying ability, suitability, service record, and financial stability of insurance companies. Other rating agencies include Standard & Poor's, Conning & Company, Fitch, and Moody's.
We hope the you have a better understanding of the meaning of A.M. Best Rating.