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INSURERS ARE RATED A+ to C---AND THEN SOME
I'am sure your sidebar "The rating game: When A+ equals C-" (Cover Story, Aug. 5) helped your readers better understand the different scales used by raters of insurance companies.
You omitted, however, in your table's lowest rating category, "Nonviable or about to be," the reference to our NA-7 (Below Minimum Standards) classification assigned to companies that do not qualify for our minimum rating of C-. A. M. Best's analysis of 1,525 life/health insurers assigned a rating of A+ to C- to 765 companies, an additional 46 were rated NA-7, and the remaining 530 were not eligible for a rating.
Arthur Snyder, Chairman
A. M. Best Co.
Oldwick, N. J.