What is an Insurance Financial Rating?
An insurance financial rating is an independent evaluation of the financial strength and stability of an insurance company. Each institute bases its evaluations in different factors and methodology.
Why is an Insurance Financial Rating important when choosing a motorcycle insurance provider?
An insurance financial rating is important because it is an indicator of an insurer’s current financial status and its ability to pay claims.
What is Rider Insurance Company’s Insurance Financial Rating?
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of A- to Rider Insurance Company (Rider) (Woodbridge, NJ). The outlook assigned to these Credit Ratings is stable. Based on operational excellence, Financial Strength Ratings for Palisades Group and High Point Homeowners Group were upgraded to A- (“Excellent”) by A.M. Best Rating Services Inc, the world’s oldest and most authoritative insurance rating and information source, in 2018. The ratings reflect the companies’ strong operating performance, risk-adjusted capitalization strategies and balance sheet strength, which A.M. Best categorized as “very strong”.