A.M. Best Assigns Ratings to United Contractors Insurance Company Inc., A RRG Back to News & Views A.M. Best Co. has assigned a financial strength rating of B+ (Good) and issuer credit rating of "bbb-" to United Contractors Insurance Company, Inc., A RRG (UCIC) (District of Columbia). The outlook for both ratings is stable. The ratings reflect UCIC`s adequate capitalization as measured by Best`s Capital Adequacy Ratio (BCAR), its thorough business plan and experienced management team. Other positive rating factors are UCIC`s hands-on claims handling procedures as well as its niche insuring contractors and artisans. Partially offsetting these factors are the company`s geographic concentration as well as the risks associated with a young business. UCIC has met more stringent requirements for a new company formation. Its ratings reflect its ability to meet higher capitalization requirements, which mandate a more conservative level of risk-based capital to support its ratings. A.M. Best will continue to monitor UCIC on a quarterly basis. Back to News & Views