A.M. Best Co. has assigned an initial financial strength rating of A- (Excellent) to members of Builders Insurance Group, which operate under a business pooling arrangement that includes Builders Insurance (a mutual captive company) and Association Insurance Co., all of Atlanta.
The rating reflects the group's strong profitability, adequate capitalization and strong market presence. These attributes are reflective of Builders Insurance's dominant market-share position as a provider of workers' compensation coverage in Georgia. This strong position is reflective of its underwriting and loss-...
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