Insurance company ratings. There are dozens and they're all different. Which do you trust and which do you understand?
Industry ratings may seem like a complex mix of letters and numbers, so they can be difficult to decipher.
Well, remember back in school when you took a test? you typically got a simple score out of 100. For example, if you got 90 out of 100, you knew that was a good grade. There's a similar way to grade insurance companies. It's a COMDEX score. It takes all the major industry
ratings, averages them, and creates a single easy to understand composite ranking from 1 to 100.
It's important to note that Comdex uses ratings agencies in its calculations that are registered as nationally recognized statistical ratings
organizations with the US Securities and Exchange Commission, an independent federal government agency. These include
AM Best, Fitch, Moody's, and Standard Empors.
In a way, Comdex is like a simplified report card for insurance companies.
Our company scores near the top. That is a high mark that you can feel good about. In fact, only a small number of insurers are in that range.
US Treasuries ticked higher. Look, these days things are uncertain.
You don't want your financial services company to be.
So, consider COMDEX as a way to compare and contrast companies you can count on.
It's a simple way to see if the company you choose to do business with makes the grade.
For more information, please visit our sight.
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