I recently had a discussion with a client about insurance companies. He had quotes from a couple of insurance companies and wanted to know which one was better. Better, of course, is a relative term, but one of the things he was looking at were the AM Best ratings.
I won’t even attempt to delve into a topic like that. AM Best ratings are very complicated. But, you can go here for more information on the ratings. I will tell you this: A+ is a great rating. Anything above that is even better. I dont really worry about the ratings unless the insurance company is a B+ or worse. At that point, you want to make sure you really know what you are buying.