The Critical Importance of Rating Agencies: Joseph Petrelli, CEO of Demotech (AoB S1E3)

Insurance company Rating Agencies perform a critical and yet, underappreciated function to society. As an impartial 3rd party, Rating Agencies evaluate insurance companies for their ability to pay future claims and remain solvent. Now the ability to pay future claims depends on a large part to the amount of assets and surplus an insurer has … Read more