How Do Automobile Insurance Companies Get Their Ratings?
Question by nap4gbp | Posted in Insurance & Registration
looking for new auto insurance and some are much less than others but I was told by some that the low quotes are from low rated companies, so how do they define high rated from low rated?
Answer: There are several companies that rate the insurance companies. We go with A. M. Best's ratings. The look various items that say how well the company is doing and how likely they are going to have the money to pay claims. A lower rated company does not have as much money, so in the event of a lot of losses they may not have the money to pay all the claims. Example of a major loss is Katrina. Some insurance companies went out of business due to all the money they had to pay.
How Should I Answer My Senator's Response (below) To My Plea That She Vote Against The Bailout? ?
Question by serenely, soMEone | Posted in Elections
Dear Mr. [soMEone]
Thank you for contacting me regarding the Emergency Economic Stabilization Act of 2008. I welcome your thoughts and comments on this issue.
On September 19, 2008, Treasury Secretary Henry Paulson announced a plan by the Bush Administration to stabilize the financial services sector of the economy. This plan included broad authority for the Treasury Secretary to purchase troubled financial instruments with very limited oversight and few protections for taxpayers.
In July, I voted against a similar proposed bailout of Fannie Mae and Freddie Mac because it did not provide taxpayer protection and limits on executive compensation for
Answer: Write her back and tell her you will work tirelessly to see her ousted from office next time up for election.
Explain two reasons why:
1. She is either totally asleep or so stupid that she actually believes the rhetoric spewed in her letter to you,
or alternatively,
2. She has proven that she has been bought and paid for by the banksters and the power elite,
and either way, she is unfit for public office.
EDIT,
Hmmm. Did you notice this sentence in her letter
" ... Despite this realization, I was still not inclined to support the Paulson plan. After weeks of
auto insurance ratings | best auto insurance ratings
www.MoreInform.com -- About auto insurance ratings The leading source for auto insurance ratings. Learn about auto insurance ratings and other top ...
Your Credit Rating Affects the Price of Auto Insurance ...
by admin
When an insurance company is underwriting a policy, they will usually attach a numerical score called a credit score which is determined by the individual’s credit history. Insurance companies will charge more for car insurance to those individuals they find to be riskier to insure. Auto insurance companies have determined that there is a correlation between your credit score and the chance that you will file a claim. You can lower your insurance costs by maintaining good credit.
OLDWICK, NJ, May 11, 2012 (BUSINESS WIRE) -- AM Best Co. has downgraded the financial strength rating to B- (Fair) from B (Fair) and issuer credit rating to "bb-" from "bb" of Workmen's AutoInsurance Company (WAIC) (Los Angeles, CA).
The Hartford was recently cited as delivering the most satisfying auto insurance shopping experience among all carriers, getting a perfect five-circle overall rating in the 2012 US Insurance Shopping Survey conducted by JD Power and Associates.
AP Health NewsBrief at 2:09 pm EDT AP Health NewsBrief at 12:15 pm EDT AM Best Co. has downgraded the financial strength rating to A- (Excellent) from A (Excellent) and issuer credit rating to "a-" from "a" of Badger Mutual Insurance Company (BIC)
The popular Mexican auto insurance online provider, which strictly focuses on Mexico car insurance, decided to only handle policies from top-rated insurers in order to provide its customers with the very best. "One of the easiest ways to discern
OLDWICK, NJ, Apr 26, 2012 (BUSINESS WIRE) -- AM Best Co. has downgraded the financial strength rating to C+ (Marginal) from C++ (Marginal) and issuer credit rating to "b-" from "b" of Interstate Auto Insurance Company, Inc. (Interstate Auto) (Baltimore
The Hartford was recently cited as delivering the most satisfying auto