APCapital's WC Unit CEO Resigns

July 17, 2003

East Lansing, Mich.-based American Physicians Capital Inc. (APCapital) announced that Raymond Jacobsen, CEO of the company's workers' compensation business unit, has submitted his resignation effective immediately.

APCapital's President and Chief Executive Officer, William B. Cheeseman will oversee the workers' compensation business unit until management selects a successor. Cheeseman said the company remains committed to workers' compensation and medical liability, its two core business lines.