Ratings & Endorsements

Builders Mutual Announces A.M. Best Rating Affirmed

May 22, 2009

Raleigh, N.C. – Builders Mutual Insurance Company’s rating of A (Excellent) was reaffirmed by A.M. Best Company, the leading source for information on the financial condition and operating performance of insurance companies worldwide, on May 22, 2009. In addition, A.M. Best assigned a rating of A (Excellent) and issuer credit ratings of "a" to Builders Mutual Group and its member, Builders Premier Insurance Company. According to A.M. Best, "The rating actions are based on Builders' excellent capitalization, strong underwriting and operating performance and consistently favorable reserve development trends driven by effective loss control practices and aggressive claims management. The ratings also reflect the group's local market expertise and affiliation with the North Carolina Home Builders Association (NCHBA)."

"We’re proud to have our A (Excellent) rating confirmed for the tenth consecutive year," states John Beard, BMIC President/CEO, "It is a tribute to the hard work and customer service standards practiced by our employees."

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.