Brown & Brown Increases Quarterly Dividend

October 24, 2002

Florida's Brown & Brown Inc. announced its Board of Directors has increased the regular quarterly cash dividend rate to $.0575 per share. This is a 21 percent increase over the current rate of $.0475 per share. The Board declared that the first payment at the new dividend rate is payable on November 20, 2002, to shareholders of record on November 6, 2002.

Brown & Brown provides a broad range of insurance and reinsurance products and services, as well as risk management, employee benefit administration, and managed health care services through offices located across the United States.