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Re: Company financial ratings

Posted by F. Klostermann on May 31, 2001 at 13:15:12:

In Reply to: Company financial ratings posted by David Gannon on April 29, 2001 at 20:39:07:

: I've been looking on and off for a policy for me and my wife, and I'm curious as to what level of financial quality is adequate. The reason I ask is that I read an article recently about 2 companies, penn treaty and conseco were having some trouble. Does anyone know what their ratings are? Should I only look at companies with the highest ratings?

I think it is very important to go with the highest rated Company. I represent a Co. with the highest ratings. Others are also rated high. Look up Penn Treaty in CNNFN or Reuters and you will see that the stock price has really dropped.
Go with a strongest Company because all have the legal right to raise rates if approved by the State Dept. of Insurance. If the price is the same go with the strongest, and the firn with strict Underwriting standards.

Claims will hopefully be lower for companies with high Underwriting standards, meaning no rate increases in the future, hopefully. Nothing is guaranteed, but if rates are based on actual claims, it is smart to go with the strongest firm that has the highest standards for coverage.

"Pay me now, or Pay me later"- Burma Shave.

Follow Ups:

Re: Company financial ratings : : I've been looking on and off for a policy for me and my wife, and I'm curious as to what level of financial quality is adequate. The reason I ask is that I read an article recently about 2 companies, penn treaty and conseco were having some trouble. Does anyone know what their ratings are? Should I only look at companies with the highest ratings? : I think it is very important to go with the highest rated Company. I represent a Co. with the highest ratings. Others are also rated high. Look up Penn Treaty in CNNFN or Reuters and you will see that the stock price has really dropped. : Go with a strongest Company because all have the legal right to raise rates if approved by the State Dept. of Insurance. If the price is the same go with the strongest, and the firn with strict Underwriting standards. : Claims will hopefully be lower for companies with high Underwriting standards, meaning no rate increases in the future, hopefully. Nothing is guaranteed, but if rates are based on actual claims, it is smart to go with the strongest firm that has the highest standards for coverage. : "Pay me now, or Pay me later"- Burma Shave.

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