Austin Mutual Insurance Company’s AM Best Rating is A- Excellent. This rating is assigned to companies that have an excellent ability to meet their ongoing obligations to policyholders. CLICK HERE to learn more about Austin’s Best Rating. 

Why is Best’s Financial Strength Important?
For insurance companies, a Best’s Financial Strength Rating is a strategic tool that can enhance consumers’ confidence in the organization’s stability, as well as its attractiveness to investors. A rating also enhances an insurer’s credibility with reinsurers – a valuable resource, particularly for insurers entering new markets.
Insurance professionals depend on a Best’s Financial Strength Rating to assess the creditworthiness of an insurer’s operations, to evaluate prospective reinsurance accounts, to compare company performance and financial condition, and more. A rating can influence an agent’s selection of plans to market.
A rating also is an important factor in the consumer’s decision-making process to purchase insurance. Today’s insurance consumers are well aware of how regional, political and economic instabilities can affect a marginal company. A Best’s Financial Strength Rating can provide consumers with the information necessary for an educated buying decision. In addition, A.M. Best now offers a special AMB Credit Report – Consumer.

Article courtesy www.ambest.com