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Lexington Insurance Company, a member company of American International Group, Inc. (AIG), today introduced LexAssure(SM), primary professional liability insurance designed expressly for small- to mid-sized regional accounting firms with annual revenue greater than $1,000,000.

LexAssure(SM) covers all major accounting practice areas, with coverage extending to business consulting, investment advisory services, financial planning and estate planning. In addition, LexAssure(SM) provides coverage for personal injury that arises out of professional services rendered and advertising injury.

“Lexington is well established as a leading underwriter of professional liability insurance for the largest accounting firms,” said Paul Cunningham, Vice President, Professional Liability, Lexington Insurance Company. “The introduction of LexAssure(SM) demonstrates Lexington’s commitment to the accounting industry by bringing our professional liability underwriting expertise to smaller firms that provide a broad array of accounting services.”

LexAssure(SM) is offered as a non-admitted policy and is available on an open brokerage basis. Minimum premiums start at $15,000 for the first $1 million in limit. Capacity is available up to $15 million with a minimum deductible of $10,000. Customized and complimentary risk management support and services are available to all LexAssure(SM) clients. Companion employment practice and management liability products are also available from Lexington.

For more information please contact: Chris Andrews at 617 330 8469 or or Paul Warburton at 215 255 6482 or paul.

American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

*Insurance is underwritten by member companies of American International Group, Inc., and is subject to underwriting review and approval. The description herein is a summary only. It does not include all terms, conditions and exclusions of the policies described. Please refer to the actual polices for complete details of coverage and exclusions. Coverage may not be available in all jurisdictions. Non-insurance products may be provided through independent third parties.

Acceptance Insurance Companies Inc.And IGF Insurance Company have signed a definitive agreement for American Agrisurance(R) and other Acceptance affiliates to purchase the crop insurance assets of IGF Insurance Company for cash and the assumption of certain insurance and reinsurance contracts to be determined prior to closing. IGF Insurance Company is a subsidiary of Symons International Group, Inc.And the nation’s fifth largest crop insurance company. American Agrisurance and its affiliates comprise the nation’s third largest crop insurance company.

Directors of all affected companies have approved the agreement, according to Acceptance President and Chief Executive Officer John E. Martin. The purchase is subject only to customary conditions and regulatory approvals, which the companies expect to receive before the end of June.

“Bringing these two companies together allows us to create a new presence in the crop insurance industry, combining the best of both organizations into a single, focused and efficient operation,” Martin said. “The next step is to make sure this transition is a smooth one for the tens of thousands of agents and farmers these companies serve, and that’s where we are now concentrating all of our efforts.”

Since January 2000 Acceptance has sold various portions of its property and casualty insurance operations, including a transaction announced earlier this month. “Today’s agreement is another part of the Company’s ongoing strategy to build on the strength of our AmAg unit, a leading provider of agricultural risk management products and services,” said Martin. “We have increased the Company resources dedicated to this business consistently during the past 17 months and adding the assets of IGF will continue to build AmAg’s ability to help farmers protect against bad weather, low commodity prices and other risks.”

Martin continued, “These two companies have led the industry in developing innovative new products for farmers’ risk management needs. AmAg invented Crop Revenue Coverage(TM), which quickly became the most popular new crop insurance product ever introduced. IGF developed the unique HAILPLUS(TM) system that is the most successful product of its kind in the industry, and the first to allow agents to write MPCI and Crop-Hail on the same application. We expect to continue this leadership.”

Dennis G. Daggett, President of IGF Holdings, Inc., said, “We are excited about the new opportunities the combined resources of IGF and AmAg can create for agricultural producers and crop insurance agents. The new organization will provide the best products and services in our industry.”

Acceptance Insurance Companies Inc. is an insurance holding company providing agricultural risk management products and services throughout the United States. American Agrisurance, the Company’s wholly owned crop insurance marketing subsidiary, is a recognized leader in the crop insurance industry. Symons International Group also is an insurance holding company and through its Superior Insurance Company and Pafco General Insurance Company is a nonstandard automobile insurer.

This release includes forward-looking statements with respect to the Company’s expected future financial results. Such forward-looking statements are subject to inherent risks and uncertainties that may cause actual results to differ materially from those contemplated by such forward-looking statements, including factors noted in the Company’s Form 10K for the year ended December 31, 2000, which are incorporated herein by reference.

InsuranceVianet poised to review, integrate future business

and expansion opportunities.

A new holding company, InsuranceVianet, has been formed to provide overall guidance and governance of its two subsidiary operations, InsuranceNoodle and InsureVianet.

“In creating InsuranceVianet, the board of directors has solidified the relationship between InsuranceNoodle and InsureVianet and strategically positioned the two companies for future growth,” said Don Urbanciz, InsuranceVianet’s new CEO. “InsuranceVianet is now poised to review and integrate additional business opportunities, such as new joint ventures and acquisitions, that will enhance and expand the online products and services InsuranceNoodle and InsureVianet offer to small businesses and commercial insurance agencies across the continental United States.”

Other newly elected InsuranceVianet officers are Chairman Geoff Kalish ; COO Peter Bothwell; CFO Tim Adelman , and Secretary Kathyrn Emmerson .

In addition, Emmerson and Bothwell were named CEOs of the InsuranceNoodle and InsureVianet subsidiaries, respectively.

About InsuranceNoodle nsuranceNoodle, a Chicago-based insurance e-broker, is the most complete online insurance solution for small business, ensuring comprehensive, tailored coverage at competitive prices. Through a quick and streamlined process, InsuranceNoodle offers agencies and small business owners comparative quotes and online purchasing of products from leading insurers such as AIG, Chubb, Clarendon, The Hartford, Kemper, Philadelphia Insurance Companies, The St. Paul, XL Specialty Insurance and Zurich. Real-time customer service and advice from licensed insurance advisors is available from 7:30 a.m. to 6 p.m., Central Time, Monday through Friday. InsuranceNoodle is licensed in 49 states, reaching over 99% of all small businesses in the U.S. through its extensive national network of independent insurance agencies or via direct access online.

InsureVianet, a division of InsuranceNoodle, Inc., is based in Bloomfield, CT, and provides commercial insurance agents and brokers with fast, convenient online proprietary and innovative small business P&C products, including Employment Practices Liability (EPL) insurance. InsureVianet also offers value-added services that help small business policyholders achieve and maintain compliance with federal and state employment practice regulations, reduce the chance of incidents escalating into costly claims, and assist in creating a productive work environment. InsureVianet’s policies are underwritten by XL Specialty Insurance Company, a member of XL Capital Ltd.