An insurance company's financial strength is an important consideration when choosing a policy. By choosing a financially strong company you will have comfort knowing that the company will most likely be able to pay your claims or be able to pay your life insurance benefits.
For this reason insurance companies are given ratings. These ratings are administered by independant companies. They are sort of like a report card on various aspects of a company's finacnial strength.
Best's Insurance Reports is an expample of an independant insuance rating company. They rate the financial strength of many companies for property and casualty (auto, home), life and health.
Find more about what Best's grades mean at:
Best's Insurance Rating Classifications.
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