PRINCETON INSURANCE EARNS ENDORSEMENT

FOR IMMEDIATE RELEASE

Contacts:
Gary Frisch/Princeton Partners
609-452-8500
gfrisch@princetonpartners.com    

Karen Meyers/Princeton Insurance
609-951-5847
karen.meyers@pinsco.com

PRINCETON INSURANCE EARNS ENDORSEMENT
OF NEW JERSEY ACCOUNTANTS

PRINCETON, N.J., August 18, 2000 -- The New Jersey Association of Public Accountants (NJAPA) has endorsed Princeton Insurance as its preferred provider of professional liability coverage for its 700 members.

The endorsement by the NJAPA follows the launch of Princeton Insurance's specialized coverage for public accountants and CPAs in New Jersey and Pennsylvania. With this product, Princeton becomes a major entrant among a small handful of insurers offering PA-specific programs in its marketplace.

"Professional liability specifically for accountants has been virtually non-existent in this area, so we're pleased to be able to fill that void," notes Paul Mathewson, senior vice president and chief operating officer of Princeton Insurance. "The endorsement by the NJAPA validates the need for accountants liability coverage."

Princeton's PA and CPA programs offer limits from $100,000 up to $2 million for professional liability, with multiple tiers in between. Premiums are highly competitive for both public accountants and certified public accountants, and Princeton offers a discount for new accountants. Deductibles are available.

"Princeton Insurance brings to the table a solid mix of field experience in professional liability, an outstanding track record in claims handling and an impressive degree of financial stability," says Niles D. Breslau, executive director of the NJAPA. "We feel very confident recommending Princeton to our membership."

Accountants are increasingly becoming targets of professional liability claims. According to the American Institute of Certified Public Accountants, more of these claims result from tax preparation than any other practice area. What's more, with new tax laws introduced each year, the opportunities for omissions, errors and misinterpretations continue to rise. Other risk areas include bookkeeping, Eldercare (bill paying services for elderly clients), conflicts of interest and breaches of client confidentiality.

Princeton Insurance is part of the Princeton Insurance Companies corporate family. The companies are a leading specialty insurer with 50,000 policyholders in 15 states. Consumers, policyholders and agents can find additional information at the Princeton asy access Web site, www.princetoneasyaccess.com, or by calling 1-877-PI-EASY2 (743-2792).