Weiss Ratings Upgrades 33 Health Insurer Ratings; Downgrades 22

JUPITER, Florida (November 20, 2012)—Weiss Ratings upgraded the financial strength ratings of 33 health insurers and downgraded 22 based on its analysis of second quarter 2012 results. Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed 600 insurers providing health coverage.

Weiss Ratings Scale: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak Plus sign = top of grade range; minus sign = bottom of grade range

Among the 22 companies downgraded by Weiss, those listed as notable downgrades were identified as having the largest reductions in risk-adjusted capital following recent losses, which is a critical measure of the health insurer’s ability to cover possible future losses. Nothing is more important to a policyholder than the financial strength of their insurance company. Weiss Ratings recommends that consumers do business with insurance companies rated B+ (Good) or higher. Currently, 142 health insurers, or 23.7 percent, are rated B+ or higher, meriting inclusion on the Weiss Recommended List. For a complete list of Weiss Ratings’ strongest and weakest health insurers, visit www.weissratings.com/healthlists.  

About Weiss Ratings

Weiss Ratings is the nation’s leading independent provider of financial strength ratings on U.S. banks, credit unions and insurance companies as well as sovereign debt ratings. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs.