Midwest Builders' Casualty Mutual Company was assigned an A- (Excellent) rating July 1, 2008, which was a continuation of the A- (Excellent) rating received by BASIF on December 9, 1997. BASIF, prior to its assumption by Midwest Builders' Casualty, was the first workers’ compensation pool in the United States to receive a rating from the A.M. Best Company, the premier insurance rating organization.

Why you, as a consumer should be interested in a Best Rating:

The A. M. Best Company is the oldest, most experienced rating agency in the world and has been reporting on the financial condition of insurance companies since 1899.  A Best’s Rating is assigned after an extensive quantitative and qualitative evaluation of a company’s financial strength, operating performance and market profile. A. M. Best rates the entire property & casualty, life, accident & health industry in the United States and is the premier insurance rating organization.

A Rating Report from the A. M. Best Company represents an independent opinion from the leading provider of insurer ratings of a company’s financial strength and ability to meet its obligations to policyholders.

A. M. Best Company's Rating Report had this to say about their rating rationale of BASIF. "The rating reflects the Fund's solid operating profitability, conservative investment portfolio, improved capitalization, and strong growth in fund balance. These positive rating factors are derived from the Fund's strong safety and loss control standards and strict underwriting controls."