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Ratings for insurance companies matter because they highlight the financial stability of an insurer and help people gauge if the company will be able to provide them with the money they need in ...
Insurance fraud poses a significant problem, and governments and other organizations try to deter such activity. Studies suggest that the greatest total dollar amount of fraud is committed by the health insurance companies themselves, intentionally not paying claims and deleting them from their systems, [2] and denying and cancelling coverage. [3]
Traditional companies such as AM Best, Moody's Investors Service, Standard and Poor’s, and Fitch Ratings do rate insurance providers, but typically only large national companies. [4] Demotech was founded in 1985 [ 1 ] [ 2 ] to provide financial analysis of, and actuarial services for, niche markets ignored by Big Three (credit rating agencies) .
A credit rating is an evaluation of the credit risk of a prospective debtor (an individual, a business, company or a government). It is the practice of predicting or forecasting the ability of a supposed debtor to pay back the debt or default . [ 1 ]
In 2022, news that 27 of Florida’s property insurance companies were potentially facing a financial rating downgrade from Demotech, the state’s primary financial rating firm, created panic in ...
Atlanta woman follows advice of used car salesman, falls prey to insurance scam after missing this major red flag — and she’s not the only one Danielle Antosz October 2, 2024 at 3:57 AM
Auto insurance costs jumped by 22.2% last month from a year earlier, according to the latest Consumer Price Index data, new vehicle prices actually declined 0.1% and used prices dropped 2.2% over ...
The Ripoff Report home page also says: "Complaints Reviews Scams Lawsuits Frauds Reported, File your review. Consumers educating consumers", which allows a reasonable inference that the Ripoff Report encourages negative content. Moreover, Ripoff Report's webmaster affirmed that positive posts about a company are not allowed in the website.