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Rating Agencies Track Records

Posted by Scott A. Olson, CLTC on June 02, 2001 at 13:06:58:

In Reply to: Re: Company financial ratings posted by Steve Eads, CLU on June 01, 2001 at 14:32:35:

Funny you should say that there's nothing special about Weiss' Ratings. Regarding Executive Life of California, Weiss downgraded them to "vulnerable" more than a year before they were taken over by regulators. AM Best downgraded Executive Life 6 days before they were taken over.

That same story is repeated regarding Mutual Benefit, Kentucky Central, etc... Weiss has generally been way ahead of the pack.

There was a very thorough study done by the General Accounting Office comparing the various ratings agencies.

If you'd like to read that study, you can check it out at www. weissratings.com

I highly recommend it.

sao

Follow Ups:

Re: Rating Agencies Track Records Steve Eads, CLU 20:17:51 06/14/01 (1)
- Weiss Research vs. AM Best Scott A. Olson, CLTC 13:26:24 06/19/01 (0)

Re: Rating Agencies Track Records : Funny you should say that there's nothing special about Weiss' Ratings. Regarding Executive Life of California, Weiss downgraded them to "vulnerable" more than a year before they were taken over by regulators. AM Best downgraded Executive Life 6 days before they were taken over. : That same story is repeated regarding Mutual Benefit, Kentucky Central, etc... Weiss has generally been way ahead of the pack. : There was a very thorough study done by the General Accounting Office comparing the various ratings agencies. : If you'd like to read that study, you can check it out at www. weissratings.com : I highly recommend it. : sao

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