A.M. Best Revises Builders Insurance Group Outlook

DALLAS--(BUSINESS WIRE)-- A.M. Best Co, the standard rating service for insurance companies, has changed Builders Insurance Group’s outlook from negative to stable with an A- (Excellent) financial strength rating and an “a-“ issuer credit rating.

As stated in A.M. Best's Press Release on May 18, 2012, "These rating actions reflect Builders’ strong risk-adjusted capitalization, historically profitable operating performance, favorable loss reserve development trends and established market presence providing workers’ compensation and general liability coverage, primarily to the home building industry… Additionally, the ratings reflect the group’s prudent risk selection process, effective loss control practices and effective claims management, which contributed to historically strong business retention."

“Builders Insurance Group’s evaluation by A.M. Bests’ strict rating guidelines and financial criteria confirms that the company’s presence in Texas and other states has been managed well. The homebuilding community is alive and well in Texas and continues to grow,” states Doug Hotchkiss, President of Builder Agent Network, the endorsed insurance provider of the Texas Association of Builders.

About Builder Agent Network

Founded in 2008, the Builder Agent Network is the managing general agent for selected carriers, offering insurance products to a group of preferred agents specializing in meeting the insurance needs of the Texas residential and commercial builder. Qualifications for the group include years of experience with the home building trade and a commitment to the industry for which they serve. Founding members of Builder Agent Network include Capitol City Insurance Agency, Austin, Texas; Hotchkiss Insurance Agency, Dallas, San Antonio and Houston, Texas; JDW Insurance, El Paso, Texas; Swantner Gordon Insurance, Corpus Christi, Texas; and Whitaker Insurance, San Antonio, Texas. For more information about the Builder Agent Network, contact Becky Walker at [email protected] or by phone at (972) 512-7770.

About Builders Insurance Group

More than 14,500 policyholders in residential and light commercial construction, as well as a variety of non-construction fields rely on Builders Insurance Group to protect their most important assets – people and property. Over two decades, the Company has evolved into a dynamic, financially secure and dedicated partner with a philosophy of providing outstanding products, backed by exceptional customer service and easy-to-use technology solutions. Headquartered in Atlanta, the Company delivers Workers' Compensation, General Liability, Property and Umbrella insurance through independent agents to customers throughout the Mid-Atlantic, Midwestern, Southeastern and Southwestern United States. Builders Insurance Group and all of its member companies are rated A- (Excellent) VIII by A.M. Best Company. For more information, please visit www.bldrs.com.

Builder Agent NetworkAnne Sheahen, 972-512-7728
[email protected]
www.builderagentnetwork.com
orJennifer Stokes, 972-512-7782
[email protected]

Source: Builder Agent Network