The GCCSIA was founded with the specific purpose of creating a stable and profitable workers` compensation market for contractors and other construction-related accounts in Virginia. By using strong risk management and loss control programs, as well as maintaining low operating expenses, GCCSIA has been able to offer its members significant dividends and stable premium rates. The CCGSIA is highly discretionary in accepting new insured members and requires companies to be financially sound and able to demonstrate effective security programs with good loss records. In addition, policyholders must have good experience with losses in order to receive dividends and maintain their membership in the program. This press release refers to the credit ratings published on the AM Best website. All rating information relating to the press release and related information, including details of the entity responsible for issuing the individual ratings referred to in this press release, can be found on the website of AM Best`s recent rating activity. For more information about the use and limitations of rating reviews, see Understanding Best`s credit ratings. For more information on the correct use of best credit ratings and AM Best press releases in the media, see the Media Press Release Guide – Appropriate Use of Best Credit Ratings and Best AM Rating Stock. AM Best remains the leading rating agency for alternative risk transfer companies with more than 200 such vehicles in the United States and worldwide. Best`s current credit ratings and independent data on the exclusive and alternative risk transfer insurance market can be found under www.ambest.com/captive. Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates.

ALL RIGHTS RESERVED. Susan MolineuxDirector+1 908 439 2200 ext 5829susan.molineux@ambest.com Fred EslamiAssociate Director+1 908 439 2200 ext 5406fred.eslami@ambest.com Don`t forget to check OSHA`s website regularly for changes and updates! The ratings reflect the strength of GCCSIA`s balance sheet, which AM Best describes as very strong, as well as the company`s reasonable operating performance, limited business profile and risk management. The revised outlook to stable reflects the lower volatility of the company`s operating performance since 2015. . The 8. the largest author of workers` compensation in Virginia for ALL industries, not just construction. &gt. Christopher SharkeyManager, Public Relations+1 908 439 2200, Extension 5159christopher.sharkey@ambest.com AM Best is a global rating agency and information provider focused on the insurance industry. Visit www.ambest.com for more information. Jim PeavyDirector, Public Relations+1 908 439 2200, extension 5644james.peavy@ambest.com OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has revised the outlook from negative to stable and confirmed the financial strength rating of A- (Excellent) and the long-term credit rating of the issuer of “a-” of the Commonwealth Contractors Group Self-Insurance Association (CCGSIA) (Midlothian, VA).

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