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Knights’ Top Rating Re-Affirmed
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Business New Haven
3/18/2002
By: BNH
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NEW HAVEN - Citing a “very strong market presence in the Catholic community,” an “extensive distribution network” of insurance agents, and “consistently profitable operations,” the A.M. Best Co. announced that the Knights of Columbus had received an A++ (superior) rating.
This is the highest financial strength rating accorded by A.M. Best. This marks the 27th consecutive year the Knights have earned an A++ rating from the independent insurance ratings agency.
The Knights of Columbus offers insurance and annuities to its members and their families. The sale of insurance has been a part of the Order's program since its founding in 1882 by Father Michael J. McGivney. The total amount of insurance in force exceeds $43 billion.
The Knights of Columbus is the world's largest Catholic service organization, with more than 1.6 million members in nearly 12,000 local councils. It provides members and their families with volunteer opportunities in service to the Catholic Church, the community, families and young people.
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