For 116 years, AM Best has been issuing Financial Strength Ratings or opinions on the ability of individual insurers to pay claims on the coverage they have underwritten. To make the "Standing The Test of Time 2022" list, an insurance provider must have maintained an A or A+ rating for at least 75 years. This year, only 68 Insurance providers across the country made the grade.
The original rating system, implemented in 1906, was devised by the company's founder, Alfred M. Best, and has been modified over the years to account for changing business practices. The rating scale used today was adopted in 1932.