A.M. Best Remains Top-Rated Rating Agency in Independent Survey of Insurance Professionals.OLDWICK, N.J.--(BUSINESS WIRE)--July 30, 1998--A.M. Best Co. is the rating agency that is preferred by insurance professionals and financial advisers responding to the American Society of CLU (language) CLU - (CLUster) An object-oriented programming language developed at MIT by Liskov et al in 1974-1975. CLU is an object-oriented language of the Pascal family designed to support data abstraction, similar to Alphard. & ChFC's recent PULSE survey. Among the 402 respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. , A.M. Best outscored other rating agencies in terms of respondents' confidence and the usefulness and understandability of ratings. This is the fifth time in seven years the society has asked its PULSE panel to "rate the rating services." As it has been every year, A.M. Best was found to be the most used rating service, surpassing Standard & Poor's, Moody's Investors Service Moody's Investors Service A leading global credit rating, research and risk analysis firm. Moody's Investors Service A leading firm engaged in credit rating, risk analysis, and research of fixed-income securities and their issuers. , Duff & Phelps, Weiss Research, S&P Insurer Solvency The ability of an individual to pay his or her debts as they mature in the normal and ordinary course of business, or the financial condition of owning property of sufficient value to discharge all of one's debts. solvency n. Review, Townsend & Shupp, IRIS Iris, in Greek mythology Iris (ī`rĭs), in Greek mythology, goddess of the rainbow; daughter of Electra and Thaumas. She was often represented as a messenger of Zeus and Hera. Ratios, and Morningstar. "A.M. Best's domination domination the relationship between animals and humans in which little consideration is given to the rights of the animals. The prevailing sentiment is one of proprietary domination. of the rating services market may be summarized in two words - usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab. and understandability," the society said in releasing the results. This is an important point, as 71% of the respondents said they use ratings to respond to their clients'concerns and 61% reported that they use ratings to boost clients' confidence in a company. More than half - 53% - said they use ratings to explain a company's strengths or weaknesses. In the category of respondents' confidence, A.M. Best's score increased, to 97% from 95%. The American Society of CLU & ChFC is a national association of 33,000 insurance and financial service professionals. The Pulse Survey panel has 640 members, of whom 55% are field agents, 11% are field managers, and 17% are financial advisers. The remainder work in other insurance industry positions. The PULSE Survey can be read on A.M. Best's Web site, at http://www.ambest.com. A.M. Best Co., established in 1899, is America's oldest and most widely recognized insurance rating and information source. For more information, visit A.M. Best's Web site at http://www.ambest.com.
CONTACT: Jeffrey Dunsavage
908/439-2200, ext. 5618
dunsavj@ambest.com
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