NBIS - ProBuilders Offers Relief to Contractors in Hurricane Stricken Territories in the Southeast.

August 31, 2005
3:00 p.m. EST

ATLANTA (BUSINESS WIRE)
In an effort to alleviate some of the pain that Hurricane Katrina has brought to the southeastern part of the United States, ProBuilders would like to offer reduced premiums to those contractors licensed and domiciled in the states of Louisiana, Mississippi, Alabama, Tennessee and Florida.

We would like to offer these reduced premiums to those contractors actively involved in the re-building, remodeling and repair of those homes, municipalities and businesses affected by this tragedy.

Effective immediately and for the remainder of 2005, ProBuilders will offer a 10% rate decrease on all work that is directly related to Hurricane Katrina. If a contractor can show that more than 50% of its business is allocated to the hurricane rebuilding efforts, ProBuilders will provide the 10% rate reduction across the contractor’s entire portfolio.

ProBuilders can offer up to $2,000,000 in CGL limits over various deductibles or SIR’s to both the general contractors and subcontractors.

NBIS is the exclusive underwriting manager of ProBuilders Specialty Insurance Company, RRG.

More information about NBIS - ProBuilders is available at http://www.nbis.com.

For more information, please contact:

Ja Neen Quinal
Director, Corporate Communications & Investor Relations
Phone: (770) 257-1788
Fax: (760) 412-4481
Email: jquinal@nbis.com