What is an a-vii insurance rating

Rated A- (Excellent) by AM Best for financial strength and A- (Excellent) for long-term issuer credit for a company with a financial size category of VII ($100 Million to $250 Million).

What is an A AM Best rating?

AM Best uses both qualitative and quantitative measures to assess an insurance company's ability to pay claims and meet its financial obligations. AM Best's financial strength ratings range from the highest A++ to B+, to 10 vulnerable ratings, ranging from B to S, with the lowest indicating a rating was suspended.

Is an A rating for insurance good?

A and A- (Excellent) These grades are assigned to companies that have, in their opinion, an excellent ability to meet their ongoing obligations to policyholders. B++ and B+ (Very Good) These grades are assigned to companies that have, in our opinion, a good ability to meet their ongoing obligations to policyholders.

What is an AM Best rating of a VIII?

Five independent agencies—A.M. Best, Fitch, Kroll Bond Rating Agency (KBRA), Moody's and Standard ɪmp; Poor's—rate the financial strength of insurance companies. Each has its own rating scale, its own rating standards, its own population of rated companies, and its own distribution of companies across its scale.