National Contractors Insurance Co., Inc. a Risk Retention Group, Announces Initial A.M. Best Rating of B+ (Good)
Bigfork, Montana, December 22, 2009 –National Contractors Insurance Company, Inc., a Risk Retention Group (“NCIC”) domiciled in Bigfork, Montana, has announced that A.M. Best has assigned NCIC an initial financial strength rating of B+ (Good), with a “stable” outlook.
In notifying NCIC of the B+ (Good) rating assignment, A.M. Best further stated that the ratings “reflect NCIC's adequate capitalization and experienced management team as well as its solid business plan, which is also weighed into the profitability metrics of the rating”.
Douglas Rubino, President of NCIC, outlining his perspective on the A.M. Best’s rating, responds: “We are pleased with receiving an initial rating of “B+ (Good)” from A.M. Best. Our B+ rating, which signifies NCIC’s financial position in A.M. Best’s “secure” category along with other highly rated carriers, is the result of years of careful management, responsible underwriting and fiscal conservatism overseen by the talented team of professionals I am fortunate to work with at NCIC.”
Mr. Rubino added “We look forward to the news of our strong rating assignment being enthusiastically received by our highly valued risk retention group members and our superb network of independent agents and brokers.”
NCIC exclusively serves those in the building profession, offering commercial general liability insurance coverage to builders and contractors in a large number of states through a network of independent insurance agents and brokers. |
