Best, Alfred M. and Company

A.M. Best and Company

A company known for its ratings of the credit quality of insurance companies. A rating issued by A.M. Best and Company measures an insurance company's ability to pay claims that might be made. The ratings can be between A and F, with A being the highest rating. Best's ratings have historically been issued for insurance companies exclusively, but, more recently, they have been applied to a few small banks.
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Best, Alfred M. and Company

A firm that is widely recognized for its ratings of insurers. The highest Best rating for insurers is A++, and some financial advisers suggest that individuals limit selections to companies rated A++ and A+. Other insurance-rating companies include Duff & Phelps, Moody's, Standard & Poor's, and Weiss.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.