AMERICAN EMPLOYMENT GROUP, INC. TO IMMEDIATELY HALT USE OF MISLEADING COMPANY NAME

Parent of American Employers Group demands American Employment Group cease and desist use of name

SAN FRANCISCO, December 12, 2002 – Meeting the demands of Applied Underwriters, American Employment Group, based in Sandy, Utah, has agreed to halt the use of its name by December 22, 2002. Applied Underwriters Inc., the parent company of American Employers Group Inc., demanded in early November that American Employment Group immediately cease and desist use of its company name.

Applied Underwriters' subsidiary company name, American Employers Group, is a federally protected service mark registered with the United States Patent and Trademark office.

Applied Underwriters is a premier workers' compensation and financial services company, founded in 1994, headquartered in San Francisco, California, and conducting business nationwide. Its subsidiary, American Employers Group Inc., offers an integrated package for small- to mid-sized companies that includes workers' compensation insurance, employment practices liability insurance, payroll processing, coverage warranties, and loss control services.

"Applied Underwriters is pleased that an amicable resolution was achieved. Our company, and each of its subsidiaries, has an excellent reputation," said Sidney Ferenc, chief executive office for Applied Underwriters. "We believe it is in the best interest of all to prevent any confusion in the marketplace."

Applied Underwriters offers a suite of workers' compensation solutions to employers nationwide, transacting business with thousands of independent insurance brokers throughout the United States. All of the insurance coverage solutions offered by Applied Underwriters carry an A.M. Best rating of A or better. Applied Underwriters is headquartered in San Francisco, with a national customer service center in Omaha, NE.

Additional information about the company is available at www.applieduw.com.

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