Naic Insurance Ratings

Top FAQs for Naic Insurance Ratings

Rating Agencies

Issue: Rating agencies are for-profit entities whose business is a-sessing the creditworthiness of issuers of specific fixed income securities for investors. The likelihood the debt of issuers, such as corporations and governments, is repaid in whole or part, is expressed in ratings arranged in a credit quality scale. The NAIC has eliminated its reliance on credit ratings provided by rating agencies for residential and commercial mortgage-backed securities but still continues to rely on rating agencies for other a-set classes. The NAIC's Valuation of Securities (VOS) Task Force is actively monitoring these other a-set classes to determine whether continued reliance is appropriate.

Overview: Rating agencies only a-sess credit risk without consideration of other risks, such as, market risk. Credit rating agencies were founded on the premise they provide informed, expert and neutral a-sessment of the likelihood of default on or the expected loss of debt (issued by entities, such as corporations, governments, and more recently, securitizers of mortgages and other a-set types) to a-sist investors compensate for the information asymmetries they face in the market.

A category of credit rating agencies, called nationally recognized statistical rating organizations (NRSROs) was created by the Securities and Exchange Commission (SEC) in the mid-1970s when it was decided to use their credit ratings to a-sess the riskiness of securities for regulatory purposes.

Until 2006, just five rating agencies (Standard & Poor's, Moody's, Fitch, DBRS and AM Best) had been certified as NRSROs by SEC. The U.S. Congress, in order to increase competition, improve transparency and reduce barriers to entry, eliminated the SEC's existing no action process and passed the Credit Rating Agency Reform Act (CRARA) of 2006. The statute requires that entities that meet defined criteria register with the SEC as a condition of being designated as NRSROs. The Act also gave SEC information-gathering powers, limited oversight powers on the NRSROs and rule making authority. As a result the number of NRSROs has increased; as of May 2021, there are nine rating agencies certified as NRSROs by SEC.

Credit rating agencies’ reputation suffered after the great financial crisis revealed serious failures in rating structured securities, especially those related to residential mortgages. The loss of public confidence in rating agencies greatly increased public policy attention to ameliorate any weaknesses in oversight.

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NAIC - Supporting Insurance, Regulators, & Public Interest

The National A-sociation of Insurance Commissioners serves to protect public interest, promote competitive markets, and improve state regulation of insurance.

For over 150 years, NAIC members have united across political and geographic lines to protect consumers and stabilize markets. In a world full of challenges and division, our commitment to supporting one another fuels our progress, growth, and effectiveness.

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What Is an NAIC Number? How Do You Find It? - NAIC Numbers

Category: A Five-digit Identifying Number For A Specific Insurance Company

Each insurance company in the United States has an NAIC number. How do you find an insurers NAIC number? Find out in this article.

Each insurance company in the United States has an NAIC number. Some companies have multiple NAIC numbers – say, one number for each subsidiary organization or different numbers for different states.

Just like a Social Security Number (SSN), the NAIC number makes it easy to track certain information. You can use the NAIC number to check complaints about a specific company or view license information, for example.

The NAIC number is also known as an NAIC code. Most insurance companies list this NAIC code on your insurance policy, on their website, and elsewhere. You can easily search for a number to learn more about a specific insurance company or view recent complaints about that insurance company.

Please note that some companies have multiple insurance numbers. A single company could have one NAIC number for its auto insurance division and another number for its home insurance division. Make sure you’re looking up the right number.

As noted above, every company has a unique NAIC number to help people identify it. Below is a list of the NAIC numbers of the top auto insurance companies in the United States.

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NAIC SVO Understanding the Evolving Regulatory Capital Landscape

54:27 - 2 years ago

https://www.mayerbrown.com/en/capabilities/practices/capital-markets?tab=overview Join Mayer Brown partners, Paul Forrester ...

NAIC Carrier Code Lookup

Find the NAIC code for a specific carrier or carrier group.

Carrier GroupGroup Code 7710 INS CO9076 ACUITY A MUTUAL INS CO9000 AEGIS GRP313 AETNA GRP1 AG WORKERS INS GRP2438 AIC HOLDINGS GRP4680 AIM MUT GRP2498 AIMCO MUTUAL INS CO9057 AK NATIONAL INS CO9001 ALLEGHANY GRP501 ALLIANCE NATIONAL INS. CO.9002 ALLIANZ INS GRP761 ALLSTATE INS GRP8 AMBAC A-SUR CORP GRP1248 AMERICAN AND FOREIGN INS CO9003 AMERICAN CONTRACTORS INS GRP594 AMERICAN EUROPEAN GRP383 AMERICAN FAMILY INS GRP473 AMERICAN FINANCIAL GRP84 AMERICAN INTL GRP12 AMERICAN MANUFACTURERS MUTUAL INS CO9058 AMERICAN MOTORISTS INS CO9004 AMERICAN NATL FIN GRP408 American Property INS CO9059 AMERICAN PROTECTION INS CO9005 AMERICAN RESOURCES INS CO INC9006 AMERISAFE GRP680 AMERISURE CO GRP124 AMERITRUST GRP748 AMFED GRP3528 AMTRUST NGH GRP2538 AMWEST GRP2 ARBELLA INS GRP586 ARCH INS GRP1279 ARGONAUT GRP457 ARROWPOINT CAPITAL GRP553 ASCENDANT COMMERCIAL INSURANCE9088 ATHENE GRP4734 ATLANTIC CO GRP24 ATLAS FINANCIAL HOLDINGS GRP4795 AU HOLDING CO GRP4962 AUTO OWNERS GRP280 AXA INS GRP968 AXIS CAPITAL GRP3416 BADGER MUTUAL INS CO9077 BALDWIN & LYONS GRP867 BANCINSURE INC9007 BANKAMERICA CORP GRP1281 BANKERS INS GRP689 BARRETT BUSINESS SERV GRP4875 BCBS OF MI GRP572 BCBS OF SC GRP661 BENCHMARK HOLDING GRP4886 BERKSHIRE HATHAWAY GRP31 BRETHERN MUTUAL INS CO9008 BRICKELL INS HOLDINGS LLC GRP4968 Brotherhood Mut Ins Co9009 BUILDERS GRP4507 BUILDERS INS GRP1302 BUILDING INDUSTRY INSURANCE A-SOCIATION INC9087 CAGC INS CO9010 CALIFORNIA CAS MGMT GRP33 CANAL GRP262 Care West INS CO9060 CAROLINA MUTUAL INS INC9011 CASUALTY RECIP EXCH GRP56 CATALINA HOLDINGS GRP4746 CENTRAL MUT INS CO GRP36 CENTRAL NATL INS CO PR GRP217 CHARTER INS GRP1178 CHEROKEE INS CO9012 CHUBB LTD GRP626 CHURCH MUT GRP4851 CIGNA HLTH GRP901 CINCINNATI FIN GRP244 CNA INS GRP218 COLUMBIA INS GRP807 CONIFER HOLDINGS GRP4720 CONNECTICUT INDEMNITY CO9061 CONSOLIDATED INTL INS GRP344 COOPERATIVE MUTUAL INS CO9078 COPPERPOINT GRP4485 COUNTRY INS & FIN SERV GRP50 COVERYS GRP1154 CUMBERLAND GRP54 CUNA MUT GRP306 DEALERS CHOICE MUTUAL INSURANC9013 DIAMOND INS CO9082 Diamond Insurance Company9083 Discovery INS CO9062 DOCTORS CO GRP831 DONEGAL GRP250 ELECTRIC INS GRP57 EMC INS CO GRP62 EMPLOYERS HOLDINGS GRP3363 ENSTAR GRP4725 ERIE INS GRP213 EVEREST REINS HOLDINGS GRP1120 EVERETT MUT GRP4761 FAIRFAX FIN GRP158 FAIRFIELD INS CO9014 FAIRMONT INS CO9015 FAIRMONT SPECIALTY INS CO9016 FARMERS INS GRP69 Farmers Insurance Company of Flemington9098 Farmers Mutual Fire Insurance Co of Salem County9089 FCCI MUT INS GRP474 FEDERATED MUT GRP7 FEDERATED RURAL ELECTRIC9017 FFVA GRP4906 FHM INS CO9018 FIRE & CASUALTY INS CO OF CONNECTICUT9063 FIRE DISTRICTS NY GRP4671 FIRST BENEFITS INS MUTUA9019 FIRST COMMERCIAL GRP4072 FORESTRY MUTUAL INS CO9020 FRANK WINSTON CRUM INS CO9021 FRANKENMUTH GRP1309 FRANKLIN MUT GRP762 FREEDOM ADVANTAGE INS CO9022 FREMONT GEN GRP790 GENEVE HOLDINGS INC GRP450 GLOBAL IND GRP920 GLOBE INDEMNITY CO9023 GOODVILLE & GERMAN MUT GRP4787 GRANGE MUT CAS GRP267 GRAY INS GRP1208 GREATER NY GRP222 GREYHAWK GRP4908 GRINNELL MUT GRP518 GROCERS INS CO9024 GROUP ONE THOUSAND ONE GRP4794 GUIDEONE INS GRP303 GULF INS CO9025 HALLMARK FIN SERV GRP3478 HANNOVER GRP517 HARFORD GRP447 HARTFORD FIRE & CAS GRP91 HASTINGS MUTUAL INS CO9090 HEREFORD HOLDING GRP4695 HIGHLANDS INS GRP1116 HIGHMARK GRP812 Hiscox Ins Co Inc9026 HOUSING & REDEVELOPMENT INS EXCHANGE9105 HOUSTON INTL INS GRP4381 IAT REINS CO GRP225 ICW GRP A-SETS INC GRP922 IFIC SURETY GRP4705 ILLINOIS CASUALTY COMPANY9095 IMPERIAL CASUALTY & INDEMNITY CO9064 IMT MUT HOLDING GRP3991 INDEPENDENCE HLTH GRP INC GRP936 INDUSTRIAL ALLIANCE GRP315 INS CORPORATION OF AMERICA ( ICA )9065 INTACT FINANCIAL GRP4904 IOWA FARM BUREAU GRP513 JAMES RIVER GRP3494 KEMPER CORP GRP215 KERNAN GRP3384 KIEWIT HOLDINGS GRP369 LANCER FINANCIAL GRP456 LAUNDRY OWNERS MUTUAL LIABILITY INS A-SN9101 LEGION INS GRP1172 Lg Ins Co Ltd Us Br9066 LIBERTY MUT GRP111 LINCOLN GENERAL INS CO9027 LION9028 LUBA MUT GRP4873 LUMBERMEN'S U/W ALLIANCE9029 LUMBERMENS MUT CAS GRP108 MAG MUT INS GRP413 MAIN STREET AMER GRP311 MAINE EMPLOYERS MUT INS GRP1332 MAJESTIC INS CO9030 MARKEL CORP GRP785 MEIJI YASUDA LIFE INS GRP1348 MERCHANTS MUT GRP226 METROPOLITAN GRP241 MGI HOLDINGS GRP4980 MICHIGAN COMMERCIAL INSURANCE9085 MidSouth Mutual INS CO9079 MIDWEST BUILDERS CAS GRP4767 MIDWEST FAMILY GRP4911 MIDWEST FINANCIAL HOLDINGS GRP4810 MILLERS CAPITAL INS CO9031 MO EMPLOYERS MUTUAL INS CO9081 MOTORISTS MUT GRP291 MOUNTAIN STATES INDEMNITY CO791 MS & AD INS GRP4715 MUNICH RE GRP361 MUTUAL BENEFIT GRP640 National Amer Ins Co9032 NATIONAL HEALTHCARE CORP GRP4905 NATIONWIDE CORP GRP140 NEVADA CONTRACTORS INS GRP1328 NEVADA MUT & FIRST CHOICE CAS GRP4789 NEW JERSEY MANUFACTURERS GRP708 NEW YORK LIFE GRP826 NHRMA MUTUAL INSURANCE COMPANY9084 NORFOLK & DEDHAM GRP144 NORMANDY INS CO9033 NORTH CAROLINA FARM BUREAU GRP324 NORTHERN A-SURANCE CO OF AMERICA9067 NORTHWESTERN NATIONAL CASUALTY CO9068 OKLAHOMA FARM BUREAU GRP220 OLD GLORY INS CO9034 OLD REPUBLIC GRP150 ONEBEACON AMERICA INS CO 9035 PACIFIC EAGLE INS CO9069 PEKIN INS GRP153 PENNSYLVANIA CASUALTY CO9070 PENNSYLVANIA LUMBERMENS GRP246 PENNSYLVANIA NATL INS GRP271 Petroleum Cas Co9036 PHARMACISTS MUT GRP775 PHICO INS CO9037 PHOENIX A-SURANCE CO OF NEW YORK9071 PINNACOL A-SURANCE9108 PREVISOR INSURANCE COMPANY9099 PRIMERICA GRP4750 PRINCIPAL FIN GRP332 PROASSURANCE CORP GRP2698 PROGRESSIVE GRP155 PROSIGHT GRP256 PROVIDENCE PROPERTY AND CASUALTY INS CO9072 PUBLIC SERV GRP853 PURE COMPANIES GRP4664 QBE INS GRP796 RAM Mutual Insurance Company9097 RANDALL & QUILTER INVESTMENT GRP4234 RAS DAKOTA GRP1124 RENAISSANCE HLTH SERV CORP GRP477 RETAILERS CASUALTY INS C9038 RETAILFIRST GRP4713 RLI INS GRP783 ROCKFORD MUTUAL INS CO9100 ROYAL INS CO OF AMERICA9039 RURAL TRUST INS CO9040 SAFECO INS CO OF AMERICA9041 SAFEGUARD INS CO9042 SAMSUNG FIRE & MARINE INS9043 SECURA INS GRP96 SECURITY INS CO OF HARTFORD9044 SELECTIVE INS GRP242 Self-Insured9998 SENTRY INS GRP169 SERVICE INS HOLDINGS GRP681 SFM GRP4279 SIRIUSPOINT GRP5001 SM MARIANO GRP3493 SOBC HOLDING LTD GRP4883 SOCIETY INSURANCE A MUTUAL COM9091 Society Insurance A Mutual Company9092 SOMPO GRP3219 SOUTHERN MUTUAL CHURCH INS CO9045 SOUTHERN STATE INS EXCHANGE9046 SOUTHERN TRUST INS CO9047 STANDARD AND PREFERRED9096 STARR GRP4670 STATE AUTO MUT GRP175 STATE FARM GRP176 State Fund9999 STATE NATIONAL INSURANCE CO93 STEADPOINT INSURANCE COMPANY9080 STONETRUST COMMERCIAL INS CO9048 Summitpoint Insurance Co4768 SUN LIFE A-SUR CO OF CN GRP549 SUPERIOR NATL INS GRP1252 SWISS RE GRP181 SYNERGY COMP INS CO9050 SYNERGY INS CO9051 Texas Hospital INS Exchange9054 TEXAS MUTUAL INS CO9052 THE HANOVER INS GRP88 TIG PREMIER INS CO9073 TOKIO MARINE HOLDINGS INC GRP3098 TRANS CITY CASUALTY INSURANCE CO9106 TRANSCONTINENTAL INS CO9053 TRANSIT GEN GRP4901 TRAVELERS GRP3548 TREBUCHET INS GRP4829 TRIANGLE INSURANCE COMPANY INC9102 TUSCARORA GRP3407 UNION LABOR GRP781 UNITED BUSINESS INS CO9086 UNITED FIRE & CAS GRP248 UNITED NATIONAL CASUALTY INS CO9074 UNIVERSAL SURETY GRP199 UPMC HLTH SYSTEM GRP1324 USIC GRP3593 UTAH BUSINESS INS CO INC9075 UTICA GRP201 VIRGINIA FARM BUREAU GRP203 WARRIOR INVICTUS HOLDING CO GRP4727 WEST BEND MUTUAL INS CO9093 West Bend Mutual Insurance Company9094 WESTERN NATL MUT GRP309 WESTFIELD GRP228 WINTAAI HOLDINGS GRP4949 Work First Cas Co9055 WORKERS COMP FUND GRP1147 WR BERKLEY CORP GRP98 WT HOLDINGS GRP4869 XL AMER GRP1285 YORK INS CO9056 ZURICH INS GRP212

NAIC Carrier Codes are a-signed by the National A-sociation of Insurance Commissioners (NAIC). The NAIC is an authoritative source for insurance information. They a-sign unique codes to each Carrier Group and to each Carrier.

The LCM is a factor that allows the carrier to adjust the standard rate (LC) to account for their own expense provisions. The LCM is specific to the Carrier’s experience and therefore can vary greatly from Carrier to Carrier. All this variance creates a very competitive WC market with exploitable opportunities, with the right tools of course.

Note that in some states a carrier may have ‘sub’ LCM filings for specific Class Codes or have tiered LCM filings (e.g. standard/preferred). Also note that one ‘Carrier’ may have multiple ‘underwriting companies’ - each with their own LCM filing (e.g. Travelers Casualty, Travelers Indemnity and Travelers Property Casualty are all part of Travelers, but each has its own LCM filing). Read more about Loss Cost & LCM and Mod Rating.

What is a Loss Cost? What is a Loss Cost Multiplier? As a Commercial Insurance Producer, why is this information important to me? Grab that ‘world’s best insurance agent’ mug, fill it up with some cheap office coffee and lets get cracking.

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ratings.ambest.com - Company and Rating Search

WebRating Action Rating Category Select one Adequate Excellent Exceptional Fair Good In …

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What Are AM Best Ratings and NAIC Numbers? | Video

Category: Insurance Rating

AM Best is an insurance rating company enabling businesses to check vendor ratings and ensure they are credible and reliable. This video explores this rating system and related NAIC numbers.

Before you decide on a place to eat at (or order take out from) I am sure you check some type of reviews or rankings to make sure that you are getting the best Pad Thai around. No one wants subpar Pad Thai just like no one wants to work with vendors who have subpar insurance carriers. AM Best provides us with a way to check the ratings of our vendors insurance carriers so we can make sure they are credible and reliable.

The AM Best is an insurance rating company used to measure the strength of insurance companies in the marketplace. This ranking is based off of the insurance carrier’s stability and reputation, because these are strong indicators of the financial health of the company.

You should decide which rankings are sufficient for your company. Any service provider you are working with must have a carrier of a certain ranking or higher to be able to work with you. Any vendor you are hiring should be able to provide evidence of insurance through their broker using insurance companies with AM Best ratings.

On the COI, next to the “insurers affording coverage” section you will see a column for an NAIC #. The North American Industry Classification System (NAICS) is the system used by Federal statistical agencies in classifying individual business locations with an NAIC #.

But what is its purpose? This system serves as a way to facilitate the collection of statistical data and its analysis. Also, this system promotes uniformity since it compares individual business across North America economy according to their statistical data.

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Auto Insurance Company Ratings - Reviews.com

Category: The National Association Of Insurance Commissioners

You’ve probably noticed that financial strength scores are about as discernible as alphabet soup. We help you understand AM Best, JD Power, and more.

Advertiser Disclosure: We recommend products and services based on unbiased research from our editorial team. We make money via affiliate links, which means if you click a link on our site, we may earn a commission. Any commissions we receive do not affect our recommendations; if you want to know more about how that works, read more.

We love car insurance. Or, more accurately: We love helping you find the best car insurance and the best cheap auto insurance companies. And thanks to seven years’ worth of research and reviews, we’re pretty familiar with the industry’s big players. Below, we share our ratings for the top 22 car insurance companies in the U.S. (listed according to our own Reviews.com rating). Combined, these companies insure just under 80% of the nation’s drivers — so odds are you’ll be looking at at least a few of them in your search.

Our scoring system considers multiple ratings in each category: some from official agencies like A.M. Best and the National A-sociation of Insurance Commissioners, and some from consumer advocacy groups such as J.D. Power. You can find more information about our rating system below, plus advice about next steps once you’ve narrowed down your list of companies.

ProvidersReviews.com Average RatingFinancial Strength Ratings in AM BestNAIC Complaint IndexJ.D. Power Customer Satisfaction ScoreCustomer SupportCoverage OptionsOnline ResourcesAffordability Score (Discounts)Featured on Reviews.comAmica 5/5A+1.025/55/55/55/55/5★$American Family4.6/5A0.525/55/55/55/55/5$Country Financial4.4/5A+0.285/55/55/54/53/5n/aUSAA 4.4/5A++n/a5/54/55/55/53/5★State Farm4.4/5A++0.693/55/55/55/54/5★Liberty Mutual 4.4/5A5.53/55/55/54/55/5★Progressive 4.4/5A+0.953/55/55/54/55/5★Esurance4.4/5A+1.32.55/55/55/55/5n/aNational General4.4/5A-n/a2/53/55/53/53/5n/aGEICO4.2/5A++0.813/55/55/55/53/5★$Travelers4.2/5A++10.253/54/55/55/54/5n/aAuto-Owners4.2/5A++0.463/54/55/55/52/5$Safeco4.2/5A1.573/54/55/55/54/5n/aAllState4.2/5A+1.093/54/54/54/55/5n/aNationwide4/5A+0.433/54/55/55/53/5$Farmers4/5A0.863/55/55/55/52/5$Automobile Club Group4/5A-n/a3/53/54/55/55/5n/aMAPFRE Insurance4/5A7.42/54/55/55/54/5n/aThe Hartford3.8/5A+n/a3/54/55/55/52/5n/aCSAA Insurance Group3.75/5A-1.243/53/54/55/5n/an/aErie 3.6/5A+1.253/53/55/54/53/5★$MetLife3.6/5A+1.493/54/53/55/52/5n/a

You’ve probably noticed that financial strength scores are about as discernible as alphabet soup. AM Best uses its rating system to judge the strength of a company’s financial holdings and a-sets. The short of it is these ratings determine a provider’s ability to pay out claims and fulfill their duty to you, the policyholder. Much like a school grading scale, you want straight As, which means that the provider can handle your claims better.

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Use of Ratings in Insurance Industry - American …

WebUse of Ratings in Insurance Industry Background on Risk Based Capital (RBC) Minimum …

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NAIC Ratings Definition | Law Insider

Define NAIC Ratings. means the quality ratings a-signed by the Securities Valuation Office of the NAIC to investments of the Guarantor and the Primary Insurance Subsidiaries. References in this Agreement to particular NAIC ratings are references to such ratings as currently defined and classified by the Securities Valuation Office of the National A-sociation of Insurance Commissioners and if such rating system is changed then each reference to a particular rating in this Agreement shall be deemed to be a reference to the rating under such changed rating system which most closely

NAIC Ratings means the quality ratings a-signed by the Securities Valuation Office of the NAIC to investments of the Guarantor and the Primary Insurance Subsidiaries. References in this Agreement to particular NAIC ratings are references to such ratings as currently defined and classified by the Securities Valuation Office of the National A-sociation of Insurance Commissioners and if such rating system is changed then each reference to a particular rating in this Agreement shall be deemed to be a reference to the rating under such changed rating system which most closely

NAIC Ratings means the quality ratings a-signed by the Securities Valuation Office of the National A-sociation of Insurance Commissioners to investments of the Guarantor and the Primary Insurance Subsidiaries. References in this Agreement to particular NAIC ratings are references to such ratings as currently defined and classified by the Securities Valuation Office of the National A-sociation of Insurance Commissioners and if such rating system is changed then each reference to a particular rating in this Agreement shall be deemed to be a reference to the rating under such changed rating system which most closely approximates the credit quality of the particular rating as currently defined. The Guarantor will use its best efforts to at all times have not less than 90% of its bond portfolio and that of the Primary Insurance Subsidiaries covered by NAIC Ratings. If for any reason beyond the control of the Guarantor NAIC Ratings are unavailable for such percentage of the bond portfolios of the Guarantor and the Primary Insurance Subsidiaries or the NAIC rating system is discontinued then in that event the Guarantor and the Banks agree to negotiate in good faith for an amendment to this Agreement replacing Sections 6.11 and 6.12 hereof with new covenants measuring the credit quality of the bond portfolio of the Guarantor and the Primary Insurance Subsidiaries and which are not materially more liberal nor restrictive than Sections 6.11 and 6.12 hereof as presently in effect, but in the event that the Guarantor and the Required Banks are unable to agree to such an amendment within 60 days of the date the NAIC rating system is discontinued or the Guarantor is unable to comply with the preceding sentence then in that event this Agreement may, at the option of the Required Banks or the Guarantor, terminate whereupon the Commitments shall terminate and all outstanding Loans, together with interest thereon and any amounts due the Banks under this Agreement, including Section 2.5 hereof, shall be repaid.

The Guarantor shall not permit the portion of the Invested A-sets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from five to six to exceed 13% of Total SAP Adjusted Capital.

The Guarantor will not at any time permit the portion of the invested a-sets of the Guarantor and the Primary Insurance Subsidiaries consisting of notes, bonds and other obligations of a character classified as "Bonds" on a consolidated balance sheet of the Guarantor and the Primary Insurance Subsidiaries prepared in accordance with AAP which bear NAIC Ratings of from 3 to 6 both inclusive to exceed 5.5% of Net Invested A-sets.

The Guarantor shall not permit Invested A-sets of the Guarantor and its Primary Insurance Subsidiaries consisting of notes, bonds and other obligations classified as bonds which bear NAIC Ratings from three to six, both inclusive, to exceed 7.0% of Net Invested A-sets.

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Comments of Rating Agency Working Group of the National A-sociation of Insurance Commissioners on S7-12-03

Comments of Rating Agency Working Group of the National Association of Insurance Commissioners on S7-12-03

Thank you for the opportunity to comment on the U.S. Securities and Exchange Commission Concept Release: Rating Agencies and the Use of Credit Ratings under the Federal Securities Laws. On behalf of the Rating Agency Working Group (RTAWG), of the National A-sociation of Insurance Commissioners (NAIC), I am pleased to provide you with comments in response to your Invitation to Comment.

(The RTAWG is comprised of state insurance commissioners and regulators. It is the views of these individuals that are represented in this comment letter. Although liaison relationships have been formed with several rating agencies, this comment letter does not necessarily represent the opinions of the rating agencies on the SEC Concept Release. It is our understanding that the rating agencies will submit individual comment letters.)

Formed in 1871, the NAIC is a voluntary organization of the chief insurance regulatory officials of the 50 states of the United States of America, the District of Columbia, American Samoa, Guam, Puerto Rico and the Virgin Islands. The mission of the NAIC is to a-sist state insurance regulators, individually and collectively, in serving the public interest and achieving the following fundamental insurance regulatory goals in a responsive, efficient and cost-effective manner, consistent with the wishes of its members:

In fulfilling this mission, the NAIC developed the `Securities Valuation Office' (SVO), which is responsible for the day-to-day credit quality a-sessment and valuation of securities owned by state regulated insurance companies. Unlike, ratings of nationally recognized statistical rating organizations (NRSROs), the NAIC designations are not suitable for use by anyone other than the NAIC.

Ratings issues by the NAIC SVO have historically been administered on a credit quality-risk gradation range from highest quality (least risk) to lowest quality (greatest risk) The NAIC has six NAIC Designation Categories to denote a category of credit quality:

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What Is the NAIC? | Bankrate

When you research insurance companies, you may occasionally see a reference to the NAIC and wonder how that affects your coverage decisions. The NAIC can help you know what you should be able to get from your insurance provider.NAIC stands for National A-sociation of Insurance Commissioners. The organization oversees insurance regulation across the United States.

We are an independent, advertising-supported comparison service. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence. Bankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover.

The offers that appear on this site are from companies that compensate us. This compensation may impact how and where products appear on this site, including, for example, the order in which they may appear within the listing categories. But this compensation does not influence the information we publish, or the reviews that you see on this site. We do not include the universe of companies or financial offers that may be available to you.

Lauren Ward has nearly 10 years of experience in writing for insurance domains such as Bankrate, The Simple Dollar, and Reviews.com. She covers auto, homeowners, life insurance, and other topics in the personal finance industry.

Mariah Posey is an auto and homeowners insurance writer and editor for Bankrate.com. She aims to make the insurance journey as convenient as possible by keeping the reader at the forefront of her mind in her work.

At Bankrate, we strive to help you make smarter financial decisions. To help readers understand how insurance affects their finances, we have licensed insurance professionals on staff who have spent a combined 47 years in the auto, home and life insurance industries. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money. Our content is backed by Coverage.com, LLC, a licensed entity (NPN: 19966249). For more information, please see our Insurance Disclosure.

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Company Profile - California

Web877-688-2724. Old Company Names Effective Date. FIRST AMERICAN INSURANCE …

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Police officer shot in West New York, New Jersey - CBS New York

One police officer was shot, but his injuries are not life-threatening. He was taken to a local hospital.

Officials said around 10:30 p.m. the scene was secure, but the situation was far from over. State police have now taken over this investigation and SWAT teams were still surrounding a home down the block.

As of 10:40 p.m., we know a police officer was shot in the shoulder and is expected to survive. Witnesses say at least one civilian was shot, but at this hour, we don't know his condition or how many people in all were injured.

"I was, like, hiding in that corner right over there and I'm, like, peeping, and I see the guy, like, run out, and he's, like, shooting. And I see, like, the police officer start shooting at him. All I see is the guy, like, laying on the ground," he said.

Ali Bauman joined CBS2 News as a general a-signment reporter in 2016. Ali is a proud millennial who embraces social media for storytelling to bring news to a new generation of viewers.

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