A.M. Best Upgrades Ratings of Harleysville Group Inc. and Its Subsidiaries MarketWatch (press release)
27.04.10
OLDWICK, N.J., Apr 27, 2010 (BUSINESS WIRE) --
A.M. Best Co. has upgraded the financial strength rating (FSR) to
A (Excellent) from A- (Excellent) and issuer credit ratings (ICR) to "a"
from "a-" of Harleysville Insurance (Harleysville), including
the lead company of the group, Harleysville Mutual Insurance Company
(Harleysville Mutual) and its property/casualty pooling affiliates.
Concurrently, A.M. Best has upgraded the FSR to A- (Excellent) from B++
(Good) and ICR to "a-" from "bbb+" of Harleysville Life Insurance
Company (Harleysville Life), a direct life/health subsidiary of
Harleysville Mutual. In addition, A.M. Best has upgraded the ICR and
debt ratings to "bbb" from "bbb-" of the 47% publicly traded downstream
holding company, Harleysville Group Inc. (HGIC) [NASDAQ: HGIC]'.
The outlook for all ratings has been revised to stable from positive.
All companies are headquartered in Harleysville, PA. (See below for a
detailed list of the companies and ratings.)
Source:
How To Find The Right Term Life Insurance Company?
Reader’s Question:
My mom’s been bugging me to help her find the right term life insurance company since she will be getting an insurance coverage soon. I don’t have any idea about life insurance much more about getting it from the right insurance company. Can anyone help me?
Odessa
East Seattle, WA
Sure Odessa!
It’s very important that your mom buys her insurance coverage from the right term life insurance company. And here are what you mom should consider in getting her insurance coverage from the right company:
Complaint History: It’s very important to know whether the potential insurer has a high percentage of customer complaints. As you can see Odessa, the more complaints a certain insurance company gets, the more it tells about what kind of insurer it is. You can check with your state’s office of insurance commissioner to know more about company’s complaint history.
Licensing Status. Of course you don’t want your mom to purchase life insurance coverage from a company that does have the legal rights to conduct business here. To check about this you can also contact the Washington Insurance Consumer Hotline or even check their website.
Customer Service. As a paying customer of course you only want the best service that you can get. To give you a first hand experience on this, call the insurance company’s hotline number. How do they handle prospect customers? Do they keep you waiting for a long time?
Financial Stability. This is very important to make sure that the insurance company can settle its claims. There are published ratings about insurance company’s financial strength, you can check that when you visit public libraries.
Now that you know those things, I’m sure you could help your mom in finding the right term life insurance company. Make sure you know those things by heart!
Source: Buy Cheap Term Life Insurance Online
