by John Darer® CLU ChFC MSSC RSP CLTC
Give it up y’all, there’s another A+ rated structured annuity company “in the house”. The New York “house” of qualified funding assets for structured settlements. The A.M.Best “A+” rating action concerning First Berkshire Hathaway Life Insurance Company is great news for New York plaintiffs, particularly minors, incompetents or other cases where Court approval is required before a structured settlement can be finalized and the Court requires minimum third party ratings. It adds further diversification opportunities for large structured settlement cases and structured attorney fees. A.M. Best assigned a stable outlook according to our sources.
Summary of Berkshire Hathaway Structured Settlement program for New York personal injury and wrongful death settlements
- Annuity Issuer: First Berkshire Hathaway Life Insurance Company.Home Office:Flushing, NY
- Assignee: BHG Structured Settlements Inc.
- Guarantor:First Berkshire’s assignment company, BHG Structured Settlements Inc., is provided a guarantee from Columbia Insurance Company (Home Office:Omaha,NE), a well capitalized affiliate rated A++by A.M. Best AA+by S&P and Aa1 by Moodys at time of publication.
Call John Darer® for a structured settlement quote or consultation to explore your settlement planning needs at 888-325-8640.
A Best’s Financial Strength Rating is an independent opinion of an insurer’s financial strength and ability to meet its ongoing insurance policy and contract obligations. It is based on a comprehensive quantitative and qualitative evaluation of a company’s balance sheet strength, operating performance and business profile.
The Financial Strength Rating opinion addresses the relative ability of an insurer to meet its ongoing insurance policy and contract obligations. The rating is not assigned to specific insurance policies or contracts and does not address any other risk, including, but not limited to, an insurer’s claims-payment policies or procedures; the ability of the insurer to dispute or deny claims payment on grounds of misrepresentation or fraud; or any specific liability contractually borne by the policy or contract holder.For more information please refer to http://www.ambest.com/ratings/notice.asp
Structured settlement annuity issuing life insurance companies,along with applicable assignment companies. Click on column headings for each rating agency to read about their methodology.
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