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Who determines insurance company ratings?

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Quick Answer

Insurance company ratings are determined by four companies: Standard and Poor���s Insurance Ratings Services, Moody���s Investor Services, Fitch Ratings and A.M. Best Company Inc., explains the Insurance Information Institute. Each company uses its own independent rating system.

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Who determines insurance company ratings?
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Full Answer

As ratings can vary among the reviewers, an insurance company may emphasize a positive rating from one reviewer while downplaying a poor review from another, warns the Insurance Information Institute. Consumers are advised to research the ratings from two or more reviewing agencies before buying a policy. Consumers should also fully understand the ratings system of each reviewing agency before making a decision.

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