A. M. BEST GIVES A- (EXCELLENT) RATING TO THE CALIFORNIA INSURANCE COMPANY

SAN FRANCISCO, CA - MAY 6, 2005 - The California Insurance Company (CIC) today announced that A.M Best has rated CIC with an A- (Excellent) rating, a strong indicator of dependability and reliability.

"We are proud to have an A- rating from A. M. Best for the California Insurance Company," said Ellen Gardiner, CIC's Chief Actuary. "It reflects our long-term commitment to a strategy based upon underwriting discipline and conservative financial standards," she said.

For further information, please contact Carl DeBarbrie, CIC's senior vice president, at Tel. (415)656-5066, or via email, carl.debarbrie@calinsco.com

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