“Stay safe.”

It’s surprising how fast a phrase can become a part of everyday life or how quickly two little words can begin providing a measure of personal connection as we close out calls, emails, and messages to friends and colleagues alike.

Is “adequate” adequate? This is not an existential question, but one every insurance analyst asks all the time. “Adequate” is the rating level of an insurance company that is considered investment grade. Being labeled as investment grade means that the company has a relatively low risk of defaulting on its obligations. In terms of bonds, an investment-grade rating is B++ (or higher) according to A.M. Best or Baa3 or higher according to Moody’s Investors Service or BBB- or higher according to S&P, Kroll, or Fitch Ratings.