Insurance: Government Information & Financial Stability Ratings

National Association of Insurance Commissioners (NAIC)

http://www.naic.org/state_web_map.htm

The National Association of Insurance Commissioners (NAIC) has a lot of regulatory information. This link takes you to a map where you can select a specific state’s insurance department.

Massachusetts Insurance Laws
http://www.state.ma.us/legis/laws/mgl/index.htm

Laws can be found on the web at this website. You can either link to a specific chapter or section, if you know the citation, or you can simply search the laws using keywords.

Massachusetts Insurance Regulations
http://www.state.ma.us/doi/legal_hearings/legal_regs_on_1.html

Regulations can be found on the Division of Insurance’s Website. To find the regulation in which you are interested you can page through the citations.

Massachusetts Automobile Insurance Bureau
www.aib.org

The Automobile Insurers Bureau of Massachusetts (AIB) has auto insurance rates and manuals and copies of the auto insurance policies.

Commonwealth Auto Reinsurers (CAR)
www.commauto.com

The Commonwealth Auto Reinsurers (CAR) provides information on experience rating and plans of operation.

FINANCIAL STABILITY RATINGS

Financial stability ratings are an important factor to look at when deciding on an insurance company. The ratings indicate how likely a company is to stay in business in the future and how financially able they would be to pay any claims you would make. A.M. Best is one of the companies that give financial stability ratings. There are five main companies that give financial stability ratings (I think that you can get Best’s, Moody’s, and S&P without a subscription. You might have to register but I believe it is free):

A.M. Best Company
http://www3.ambest.com/ratings/advanced.asp

Registration is free.

Fitch
http://www.fitchratings.com

Moody’s
http://www.moodys.com/

Registration is free.

Standard and Poor’s
http://www2.standardandpoors.com/servlet/Satellite?pagename=sp/Page/CreditRatingsDeskPg&r=1&l=EN&b=2&s=142&ig=313

Registration is free.

Weiss
http://www.weissratings.com

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