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Re: Company financial ratings

Posted by GM92 on September 25, 2001 at 01:40:04:

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

: I'm gonna assume you're looking at lenth of time in the LTC business, # of policy generations (don't be the guinnie pig for a company), etc, etc./etc. If so, my agency will not write with any carrier that doesn't have...at a minimum..."A" or better ratings with all rating services. Weiss excluded, we rarely consider his rating system, he's selling his wares just like everyone else. Nothing special about brother Weiss.
Interesting Steve. I like to follow the Weiss ratings. The GAO reported that Weiss predicts financial vulnerability 3 times more often than Best or Moodys. Companies have failed holding a A rating with Best.I guess my thoughts are if you pay a company to review you. Are they gonna bite the hand that feeds them. I agree with you on many issues. Just wanted to get my 2 cents in this one. Have a nice day- Gary

Follow Ups:

Re: Company financial ratings : : I'm gonna assume you're looking at lenth of time in the LTC business, # of policy generations (don't be the guinnie pig for a company), etc, etc./etc. If so, my agency will not write with any carrier that doesn't have...at a minimum..."A" or better ratings with all rating services. Weiss excluded, we rarely consider his rating system, he's selling his wares just like everyone else. Nothing special about brother Weiss. : Interesting Steve. I like to follow the Weiss ratings. The GAO reported that Weiss predicts financial vulnerability 3 times more often than Best or Moodys. Companies have failed holding a A rating with Best.I guess my thoughts are if you pay a company to review you. Are they gonna bite the hand that feeds them. I agree with you on many issues. Just wanted to get my 2 cents in this one. Have a nice day- Gary

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