While incurred claim ratio of the company came down to 87 per cent from 89 per cent a year ago, its combined ratio,
indicating overall financial health of the company, has improved from 116 per cent to 111 per cent during the reporting period.
Not exact matches
A.M. Best ratings
indicate an insurer's
overall financial health: A + + and A + are considered superior, while A and A - are excellent.
In addition, HOA boards of directors have been able to reduce their expense - line item for bad debt on their budgets, which
indicates an
overall improvement in the
financial health of HOAs in California,» says Karen Conlon, president and CEO of the California Association of Community Managers.