The History of Weiss Ratings

In 1971, Dr. Martin D. Weiss founded his research firm, reviewing U.S. banks for consulting clients and newsletter subscribers.  The acquisition of the bank ratings division of T.J. Holt & Company in 1987 launched Dr. Weiss into the rating business, and later that year the company published its first guide rating 13,000 banks and savings and loans. 

The organization continued to grow with the development of multiple rating models in the insurance industry and investment marketplace:

1989

Weiss issues the nation’s first independent financial strength ratings of life and health insurance companies

1991

Weiss issues financial strength ratings of Blue Cross Blue Shield plans.

1993

Weiss issues financial strength ratings of property and casualty insurance companies.

1994

Weiss Ratings, Inc. is established as a separate corporation.

 

A landmark study by the U.S. Government Accountability Office (GAO) concludes that Weiss far outperforms all of the nation’s major rating agencies, including Standard and Poor’s, Moody’s and A.M. Best, in warning of future life and health insurance company failures, including the failures of Executive Life of California, Executive Life of New York, Fidelity Bankers Life, First Capital Life, Mutual Benefit Life of New Jersey, and others. Source: U.S. Government Accountability Office (GAO) — Insurance Ratings: Comparison of Private Agency Ratings for Life/Health Insurers.

 

Weiss Ratings issues the nation’s first financial strength ratings of health maintenance organizations.

1995

Weiss Group, LLC is founded as a holding company of four subsidiaries—Weiss Research, Weiss Ratings, Weiss Capital Management, and the Weiss School.

1998

Weiss Ratings issues its first ever investment ratings of open-end mutual funds.

2001

Weiss Ratings issues investment ratings of stocks.

2003

Weiss Ratings issues investment ratings of exchanged-traded funds and closed-end mutual funds.

2005

Weiss Ratings awarded several contracts with Wall Street brokerage firms as part of the global settlement requiring the major firms to provider independent equity research to their clients.

2006

Weiss Group, LLC announces the sale of Weiss Ratings to TheStreet.com.

2010

TheStreet.com announces the sale of the insurance and bank ratings back to the Weiss Group and an agreement between the two firms that Weiss will also distribute TheStreet’s stock, mutual fund, and ETF ratings.

 

Weiss Ratings, LLC is established.

2011

Weiss Ratings issues its first-ever sovereign debt ratings.

2012

Weiss Ratings issues its first-ever global bank ratings.