David and Kathy have asked you about A.M. Best Reports services. They specifically want to know if there are any criticisms of Best's and other rating agencies. You would be correct if you told them:

Question

Quizplus · Accepted Answer

While all the statements may have some truth to them, the most important criticism of rating agencies like A.M. Best is that ratings are not guarantees of a company's future performance. Ratings are merely estimates based on the information available at the time, and unforeseen events or changes in the market can have a significant impact on an insurer's financial stability.

David and Kathy Have Asked You About A