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Builders Insurance Group Announces 14th Consecutive Dividend

ATLANTA, March 15, 2010 – Builders Insurance Group today announced that member company Builders Insurance (A Mutual Captive Company) will distribute its 14^th consecutive dividend payment to its qualifying Georgia policyholders in the second quarter of 2010.  This year’s dividend distribution of approximately half a million dollars, brings the total amount of dividends paid to more than $43.2 million.

“The Company, its Board and Staff are proud to be able to once again reward our most loyal and safest policyholders with yet another Dividend distribution,” said Allen Richardson, Chairman of the Board for Builders Insurance Group.  “While we mark another milestone in our 18 year history, we also do not take for granted the hard work ahead of us to maintain and grow our business in order to withstand fluctuating market conditions and meet the evolving needs of our partner policyholders.”

“In 2009, the challenges of confronting the economic downturn and a depressed housing market continued to impact us and our partners,” added Patrick Mitchell, Builders Insurance Group’s President and Chief Executive Officer.  “However, Builders Insurance Group remains a strong and vital company with an extremely bright future.  This year’s Dividend is possible because of sound risk selection and the responsible fiscal policies that are integral to the operating principles of our Company.”

To be eligible to receive a dividend, a policyholder must have maintained continuous coverage with Builders Insurance (A Mutual Captive Company) since December 31, 2006 and must be without any unresolved receivable balances. In addition, the policyholder must have maintained membership in an approved association membership organization.

About Builders Insurance Group

With 18 years of service, Builders Insurance Group has become the largest Workers' Compensation underwriter domiciled in Georgia and a leading provider of General Liability insurance throughout the Southeast.  Builders Insurance Group works through a network of local, independent insurance agents to deliver insurance products tailored to the needs of the home building community. Headquartered in Atlanta, the Builders Insurance Group companies administer coverage to approximately 12,500 policyholders and are rated A- (Excellent) VIII by A.M. Best Company.  Builders Insurance Group has three member insurance companies, Builders Insurance (A Mutual Captive Company), Association Insurance Company and Vinings Insurance Company.  For more information, please visit our Web site at www.bldrs.com.                                                                                           

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CONTACT: Lisa Kwon, Communications and Events Specialist – 678.309.4199, lkwon@bldrs.com