As the insurance industry grapples with weather volatility, increasing litigation, and cost to replace property, we’ve recently seen several insurance companies be downgraded by financial rating agencies. An insurance company credit rating indicates an insurance company’s solvency, financial strength, and ability to pay policyholder claims.
As an independent insurance agency, we are very selective about the insurance companies we choose to represent. Also, being independent allows us to monitor insurance companies’ financial performance and geographic presence. Being protected by a financially stable insurance company is critical in today’s ever changing environment.
