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Site Use Terms & Conditions Use of this site is expressly conditioned on your acceptance of these Terms of Use. If you do not agree with any part of the Terms of Use, you must not use this site. Ideal Choice Insurance Agency, Inc. (Ideal Choice) reserves the right to modify these Terms of Use at any time. Continued use of this site by you will constitute your acceptance of any revisions to the Terms of Use. Please check this page regularly. Copyright / Trademark Submitted Ideas Policy Third-Party Sites Privacy & Security Password Registration Geographic Location Identification Disclaimer of Warranty Limitation of Liability Jurisdiction / Enforceability Underwriting Companies Homeowners Insurance Mobile Alerts Patent Notice Copyright / Trademark Except where otherwise indicated, all materials contained in this Web site are the copyrighted property of Ideal Choice Insurance, Inc., its affiliated companies and/or third party licensors. The Ideal Choice and LiveRate logos, all other service marks, and the names of various online tools described within are service marks of Ideal Choice Insurance Agency, Inc., or its affiliates. Permission is hereby granted to use, copy and distribute these materials as presented in this Web site and without alteration for non-commercial purposes only; provided that all copyright and other proprietary notices appear in all copies in the same manner as the original. All other uses are prohibited. Except as expressly provided herein, you shall not use any portion of this Web site, or any other intellectual property of Ideal Choice (including, but not limited to Ideal Choice and LiveRate service marks), on any other Web site, in the source code of any other Web site, or...

Preferred Contractors Rating Outlook to Stable (B+)

OLDWICK, N.J. – JULY 25, 2013 A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of B+ (Good) and issuer credit rating of “bbb-” of Preferred Contractors Insurance Company Risk Retention Group, LLC (PCIC) (Billings, MT).The ratings reflect PCIC’s adequate level of risk-adjusted capitalization and recent improvements in operating performance. The ratings also reflect management’s substantial expertise in marketing the type of business PCIC writes.Partially offsetting these positive rating factors are PCIC’s volatile operating results during the first five years of operation, high expense ratio and limited business profile. An additional offsetting rating factor is the execution risk associated with the implementation of PCIC’s business plan. Compare price estimates for your contractors insurance premium rate instantly – online. Further rating factors are the company’s fundamental business strategies, which include providing stable pricing for insurance coverage coupled with quality service for its members. Reflecting its limited business profile, PCIC as an insurer is exclusively oriented toward one class of insureds. PCIC maintains a conservative operating strategy by limiting participation in its insurance program to members that meet stringent underwriting standards. PCIC provides general liability coverage to general contractors and subcontractors in the residential and commercial construction industry. The stable outlook recognizes two consecutive years of PCIC’s improved underwriting results; thus, reducing A.M. Best’s concerns surrounding its historical volatile performance. More Preferred Contractors rating on...