Weiss Ratings upgraded the safety ratings of 138 property and casualty insurers and downgraded 12, based on first quarter 2016 results.

The small number of downgrades and a handful of upgrades in Q1, 2016, may indicate an improvement in the industry, but a two-year quarterly trend shows the number of highest rated insurers is at a two-year low.

Out of 2,364 rated property and casualty insurers, 19 received an A rating, representing 0.8 percent of the entire industry, recording the lowest number of A’s over the last two years. To give you some perspective, there were 56 A rated companies in Q1, 2014, representing 2.3 percent of the industry. This is a 66 percent drop of A-rated companies in just 24 months.

Weiss Ratings recommends that consumers do business with institutions rated B+ or better. Currently, there are 56 property and casualty insurers, or 2.4 percent, rated B+ or higher. This number had also declined over the last two years. It went from 108 recommended insurers in Q1, 2014 down to 56 in Q1, 2016. A 48 percent drop.

The most recent quarter rating changes may be a positive sign, but the big picture indicates that, overall, the number of highest rated insurers has declined.

So was your insurer one of the very few downgraded? Click here to check your P&C insurer’s rating, be sure to click on the “History” tab to see its prior ratings together with other relevant data.