American Physicians Service Group, Inc. to Present at Keefe, Bruyette & Woods 2008 Insurance Conference on September 3,

AUSTIN, TX, Aug 27 (MARKET WIRE) --
American Physicians Service Group, Inc. (Company) (NASDAQ: AMPH) will
present at the Keefe, Bruyette & Woods 2008 Insurance Conference on
September 3, 2008, at approximately 4:25 p.m. eastern time. This event
will take place at the Waldorf Astoria, New York City. Additional
information on this conference can be found on Keefe, Bruyette & Woods'
website at http://www.kbw.com/news/conferences.html.

Maury Magids, Senior Vice President - Insurance, will be presenting at the
conference. Their presentation will cover operating performance through
June 30, 2008. The presentation will be followed by a question and answer
session.

This event will be webcast live on the Internet with the Company's slide
presentation. Listeners can access our live webcast by registering at
http://www.kbw.com/news/conferenceInsurance2008_Webcast.html. Please allow
at least 10 minutes prior to the event to register. You will also be able
to access the presentation via our website (www.amph.com). For those of
you unable to listen to the live event, an archived edition of the
webcast will be available for 60 days after the event date. Our slide
presentation will also be made available on the Company's website within
the "For Investors" section under "Webcasts and Presentations."

About the Company

The Company is an insurance and financial services firm with subsidiaries
and affiliates which provide medical malpractice insurance for physicians
and other healthcare professionals and brokerage and investment services
to institutions and high net worth individuals. The Company is
headquartered in Austin, Texas.

Forward-Looking Statements

This press release includes forward-looking statements related to the
Company that involve risks and uncertainties that could cause actual
results to differ materially. These forward-looking statements are made in
reliance on the "safe harbor" provisions of the Private Securities
Litigation Reform Act of 1995. For further information about these factors
that could affect the Company's future results, please see the Company's
recent filings with the Securities and Exchange Commission. Prospective
investors are cautioned that forward-looking statements are not guarantees
of future performance. Actual results may differ materially from
management expectations. Copies of the filings are available upon request
from the Company's investor relations department.

For further information, visit the Company's website at www.amph.com or
contact:

Mr. Tim LaFrey
President
(or)
Mr. Marc Zimmermann
Chief Financial Officer
American Physicians Service Group, Inc.
1301 Capital of Texas Highway, C-300
Austin, Texas 78746
(512)328-0888

Copyright 2008, Market Wire, All rights reserved.

-0-