TITLE

Paying Attention to Strength Ratings…

PUB. DATE
May 2001
SOURCE
Journal of Financial Planning;May2001, Vol. 14 Issue 5, p24
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article focuses on the financial performance of insurance companies in 2000. It was said that basic financial planning emphasizes the importance of strength ratings for insurance companies. According to Standard & Poor's, 56 insurance companies failed in 2000, up from 40 in 1999. Five among the 56 insurance companies were life insurers, 31 were property/casualty, 17 were health and 3 were title insurers. It was noted that all but one of those carriers had fallen below Standard & Poor's secure financial strength rating before they failed.
ACCESSION #
4459863

 

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