![IMG_2337[73]](https://www.businessofbenefits.com/wp-content/uploads/sites/832/2025/04/IMG_233773.jpg)
Executive’s Life’s 1991 collapse made a mockery of the insurance company rating system. Just months prior to its demise, S&P had given that insurer its highest rating (AAA, “Extremely strong capacity to meet financial commitments”) and Moody’s was awarding it one of their highest ratings at a1. An excellent review of this debacle was published