Update to First Quarter Catastrophe Pre-Announcement

INDIANAPOLIS, April 22, 2010 (GLOBE NEWSWIRE) -- Baldwin & Lyons, Inc.
(Nasdaq:BWINA) (Nasdaq:BWINB) today announced that additional information
received from its ceding reinsurers has increased the estimates of losses
associated with first quarter catastrophes, principally Earthquake Maule
(Chile), Windstorm Xynthia (Europe) and Windstorm Victoria (Australia). The
initial aggregate loss for these events, as previously announced, was estimated
to be in the range of $5.0 million to $6.5 million, net of provisions for
associated reinstatement premiums and net of taxes. The updated aggregate
estimate of these losses, after tax, is approximately $10.0 million.

While this most recent loss estimate is based on an additional month of
information available to our reinsurance partners, management cautions that the
actual ultimate net impact on the Company's results arising from these
catastrophes could differ from this estimate.

About the company:

Baldwin & Lyons, Inc., based in Indianapolis, Indiana, is a specialty
property-casualty insurer with a leading position in providing liability
coverage for large and medium-sized fleets in the transportation industry.
Additionally, the company's product offerings include coverage for private
passenger automobile, small fleet trucking, commercial property, and selected
professional liability lines as well as a limited program of reinsurance
assumed.

Cautionary Note Regarding Forward-Looking Statements

Forward-looking statements in this report are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Investors
are cautioned that such forward-looking statements involve inherent risks and
uncertainties. Readers are encouraged to review the Company's annual report for
its full statement regarding forward-looking information.

CONTACT: Baldwin & Lyons, Inc.
Press Contact:
G. Patrick Corydon
(317) 636-9800 (ext. 355)
corydon@baldwinandlyons.com