One of Nevada's Two Largest Workers' Comp Carriers
Experienced 9% Growth in 2005

Las Vegas - June 27, 2006: Builders Insurance Company - one of Nevada's two largest workers comp insurance providers, announced dramatic growth - more than nine percent - at their just-completed Appreciation Luncheon for insureds. More than 1,100 area construction industry contractors and sub-contractors are represented by Builders Insurance Company, up from 1,025 firms a year ago, according to President Wayne Harris. Since its inception, Builders Insurance has grown from insuring 11 companies and $750,000 in annual premiums to 1,100-plus companies and nearly $60 million in annual premiums.

Builders Insurance provides workers' comp coverage - as well as comprehensive safety and fraud-reduction measures - to help participating companies reduce on-the-job injuries and reduce workers' comp claims - and costs. In doing so, they have achieved a loss ratio of just 37% in the fiscal year just completed - down from 42% a year ago and less than half the national average of 85% for construction industry workers comp claims, Harris explained.

This reduction in loss ratios occurred even though the gross number of claims rose from 3,500 to 3,800, a growth that closely matches the overall growth in the number of member companies. The actual dollar value of the claims filed - $22 million, up from $19.5 million a year ago - actually grew at a slower pace than the overall growth of the company. This was attributed to the less severe nature of the on-the-job injuries which occurred in the past year, due largely to Builders Insurance's aggressive on-the-job safety training program. When the cost of claims goes down as a percentage of total revenues, it means the company's safety training programs are working, according to Harris.

About Builders Insurance Company:

Builders Insurance Company - BIC - offers post accident drug testing, back-to-work programs and created a drug-free workplace program to save Nevada's construction companies millions in workers comp costs. Builders Insurance also offers comprehensive on-the-job safety training programs, as well as effective fraud-prevention programs. Builders is committed to quickly settling all legitimate claims - putting workers back on the job, healthy and ready to resume work - while at the same time vigorously prosecuting all fraudulent claims. Builders Insurance Company is a Nevada domestic insurer wholly owned by Nevada Contractors Insurance Company, Inc., a Nevada captive insurer. For more information, please visit the web site at http://www.nevada-comp.com.

Contact:Tom Wheeler, Vice-President of Marketing
Builders Insurance Company, Inc. (702) 631-0878