Ratings & Endorsements
Builders Mutual Announces A.M. Best Rating Affirmed
March 17, 2008
 Raleigh, N.C. –
Builders Mutual Insurance Company's rating of "A" (Excellent)
was reaffirmed on March 17, 2008 by A.M. Best Company, the leading
source for information on the financial condition and operating
performance of insurance companies worldwide. According to A.M.
Best, the rating "reflects the company's favorable operating
history, sound reserve position and strong niche market presence
in the residential construction market with a specific focus
on workers' compensation. These positive attributes are supported
in part by the company's local market expertise and affiliation
with the North Carolina Home Builders Association (NCHBA). Strong
underwriting results have contributed to solid earnings, providing
internally generated growth in surplus over the last five years."
Endorsements
BMIC has enjoyed a strong relationship with the HBA. We are
endorsed by the NCHBA and HBAT. Policyholders must be members
of a local association in these two states. For more information
on local membership please click
here to find your local association. |
The reporting forms are like clockwork, so we can manage our cash flow better by paying what we owe when we owe it.
