FPIC Announces Affiliation with NAS Insurance Services of Calif.

May 9, 2001

Florida Physicians Insurance Company, Inc. (FPIC), a provider of professional liability insurance for physicians, dentists, and other healthcare providers, announced an affiliation with NAS Insurance Services, Inc. (NAS), of California to provide additional services for FPIC insureds.

The affiliation aims to provide FPIC insureds access to Directors/Officers Liability Insurance, Managed Care Errors & Omissions Insurance, and Employment Practices Liability Insurance. FPIC policyholders will be able to purchase the coverage needed at competitive rates through the agreement between FPIC and NAS. The coverage is written by NAS through Lloyd’s of London. The coverage offered through the alliance between FPIC and NAS include the following features: — Aggregate limit of $5,000,000 — Entity coverage for all coverages — Entity vicarious medical malpractice coverage under E&O — No anti-trust exclusion — No hammer clause — Automatic coverage for most newly created or acquired subsidiaries — All exclusions are severable

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