Contractor Insurance Company Contractor Insurance
About Us Get Started Claims Customer Service News Contact Us

News

12/22/09

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.

For additional information, visit the NCIC Web Site at www.4ncic.com or contact Alan Ring, Director of Sales & Marketing, at 714-612-8616 / aring@4ncic.com.

   
10/1/2009

NCIC Names Alan Ring as Director of Sales & Marketing

Alan Ring has joined National Contractors Insurance Company, Inc., a Risk Retention Group ("NCIC") headquartered in Big Fork, Montana, as Director of Sales & Marketing.

Prior to joining NCIC, Mr. Ring was a Regional Manager for construction-related publications and affiliated online properties, including CONTRACTOR, Green Mechanical Contractor, Engineering Green Buildings and Building Design + Construction.

Mr. Ring also served as a Business Development Manager for Brown & Brown of California, Inc., located in Orange, California.

Prior to Brown & Brown, Mr. Ring was Vice President / Sales & Marketing for Wells Publishing, publishers of Insurance Journal. While at Wells, he expanded and managed the sales team as Insurance Journal grew from two to five regional editions with nationwide print and online news coverage. He also developed a producer development scholarship program.

“NCIC is pleased to have Alan join our firm”, states Douglas Rubino, NCIC President. “We value his unique blend of direct experience and in-depth knowledge of insurance, construction, business media, sales and marketing.

Mr. Ring has a BA in History from UCLA, a Professional Designation in Advertising & PR from UCLA Extension, and a Construction Risk & Insurance Specialist (CRIS) Certification from the International Risk Management Institute (IRMI).

Mr. Ring can be reached at NCIC’s Anaheim Hills, California, office - aring@4ncic.com / 714-612-8616.

   
9/21/2009

NCIC Announces Expansion to Additional States: LA, NC, TN, WA

National Contractors Insurance Company, Inc., A Risk Retention Group ("NCIC") has announced that the filing process has been completed in the States of Louisiana, North Carolina, Tennessee and Washington for the Company is begin writing Commercial General Liability coverages in those states.

   
6/12/2009

National Contractors Insurance Company, Inc., A Risk Retention Group
("NCIC"), releases 2008 numbers

The highlights:

  • NCIC business has remained extremely stable in a challenging marketplace,
    with 2008 premiums holding steady compared with 2007
  • NCIC continues to be reinsured by an A.M. Best rated A- ix reinsurer, 90:10
    quota share after 1st $10,000, continuing its track record as one of the strongest RRG’s in the construction market
  • Ongoing strong customer service, including 24 hour turn around on quotes
  • Online quick-rater premium indicator launched one year ago helps producers estimate premium pricing
   
2/5/2009

Redomestication to Montana

National Contractors Insurance Company, Inc., A Risk Retention Group ("NCIC") has announced its redomestication to Montana and its expansion to AR, GA, ID, KY, NJ, OR, PA, SC, & WY with appointments pending in LA, NC, TN, & WA.

   
6/11/2008

The 2007 numbers are in for National Contractors Insurance Company, Inc., A Risk Retention Group

  • Another year of solid growth, with 2007 premiums increasing by 16.5% over 2006
  • Strength and security – reinsured by am best rated a- ix, 95:5 quota share after 1st $10,000 – arguably one of the strongest RRG’s in the construction market
  • Fabulous customer service, including 24 hour turn around on quotes
  • Online quick-rater launching June 15, 2008
   

5/1/2007

Greenlight Reinsruance, Ltd

It is our pleasure to announce effective May 1, 2007 Greenlight Reinsurance, Ltd (GL Re) is the reinsurance carrier for National Contractors Insurance Company, Inc., a Risk Retention Group ("NCIC") on a 95% / 5% quota share of all losses in excess of $10,000.  GL Re now covers 95% of all loses in excess of $10,000 per claim.  This contract will run continuously until either party gives notice of cancellation.

GL Re is a property casualty reinsurance company rated “A-“(Excellent) VIII” by AM Best.  The Best’s rating report and current financial statements for GL Re can be found on their website at www.greenlightre.ky.

* * *

 

 


HOME | ABOUT US | CLAIMS | CUSTOMER SERVICE | NEWS | CONTACT US
Copyright © National Contractors Insurance Company, Inc., a Risk Retention Group. All rights reserved.


Orange County Web Development Designers Marketing, Costa Mesa Web Development Designers Marketing, Irvine Web Development Designers Marketing, Newport Beach Web Development Designers Marketing
Orange County Web Developers