Majestic Insurance Rating Moves from Stable to Positive

June 6, 2006

A.M. Best Co. has improved its outlook for Majestic Insurance Co. from stable to positive. According to AM Best, the rating reflects Majestic’s profitable operating results during the last five-year period, improving capitalization and the company’s expertise within its specialty workers’ compensation insurance product offering.

Majestic Insurance is a wholly-owned subsidiary of Embarcadero Insurance Holdings Inc. Majestic writes workers’ compensation insurance under various state acts and U.S. Longshore and Harbor Workers’ Compensation Act. Majestic is licensed in 15 states and operates primarily in California, Arizona, Alaska, Nevada, Oregon and Washington. Web site: www.majesticinsurance.com.

Source: Majestic Insurance

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