February 14, 2008 (LANSING, MI) — A.M. Best Company has assigned an “A” (Excellent) rating for Accident Fund and its subsidiaries. A.M. Best attributes the rating to Accident Fund’s solid earnings performance and excellent capital position. Other factors contributing to the rating include strategic diversification of premium, national expansion and its strong leadership position within the Michigan workers compensation marketplace.

“Our ratings reflect our financial strength and our solid performance as a top monoline carrier in the industry,” says Ron Schoen, Accident Fund executive vice president and corporate financial officer. “We are pleased to share this success with all of our subsidiaries and agent partners.”

A strategically growing company, Accident Fund has expanded nationally since 2000 and is licensed to do business in 43 states and the District of Columbia. The company also purchased two additional workers compensation companies, allowing it to increase and diversify its product and service offerings, strengthening its position in the industry.

While this is the seventh straight year that Accident Fund has received an “A” (Excellent) rating from A.M. Best, this is the first year that its subsidiary, CompWest Insurance Company, received a rating from A.M. Best. Last Year United Wisconsin Insurance Company received its second “A” (Excellent) rating as an Accident Fund subsidiary.

A.M. Best Company is a worldwide insurance rating and information agency and is one of the most respected sources for insurance industry information.

Headquartered in Lansing, Michigan, Accident Fund is one of the nation’s leading workers compensation insurers, operating in 43 states and the District of Columbia. The company also provides third party administration services and disability management. Founded in 1912, Accident Fund is rated “A” (Excellent) by A.M. Best and is a wholly owned subsidiary of Blue Cross Blue Shield of Michigan. Accident Fund has four workers compensation subsidiaries: Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company and CompWest Insurance Company. More information can be found at www.accidentfund.com.

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