Who is AM Best? What’s an A (Excellent) rating? Why would I care?

A.M. Best Company is a global full-service credit rating agency dedicated to serving the insurance industry. It began assigning credit ratings in 1906, making it the first of today’s rating agencies to use symbols to differentiate the relative creditworthiness of companies.
Best’s Credit Ratings are independent opinions regarding the creditworthiness of an issuer or debt obligor. Best’s Credit Ratings are based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.
An A rating means that the financial stability of the company is “excellent.”
In other words, regardless of what happens, you don’t have to worry about your claims not being paid because of financial stability.