CAMICO and Liberty International Underwriters Form New Program

REDWOOD CITY, Calif. & BOSTON--(Business Wire)--
CAMICO Mutual Insurance Company, the nation`s largest CPA-owned carrier of
professional liability insurance, and Liberty International Underwriters (LIU),
a division of Liberty Mutual Group, have forged a new program to service CPA
firms nationally.

The new program will strengthen and expand CAMICO`s capacity for providing
coverage and risk management services, especially to larger CPA firms. The new
program`s policy wordings will match existing CAMICO policy forms, and firms
will have direct access to the comprehensive range of CAMICO`s advisory, loss
prevention, and claims services and resources.

The CAMICO-LIU program will be administered through CAMICO`s wholly owned
subsidiary, CAMICO Insurance Services (CIS). The new program will focus
primarily on policies with limits of $3 million and higher and will be
underwritten by LIU using Liberty Mutual Group companies that are rated "A"
(Excellent) by A.M. Best Co.

"CAMICO`s strong market position and specialized expertise in the accounting
profession, with LIU`s capacity, will provide a superior program to our
policyholder firms," said Ric Rosario, CPA, CAMICO CEO. "The new program enables
all of our policyholders to continue receiving the services they`ve come to rely
on for their day-to-day practice needs."

The CAMICO-LIU program will help protect firms against malpractice claims and
damages from errors committed while providing professional services.

"This program gives CPA policyholders the strength of two insurance industry
leaders in one policy," said Bruce Eisler, senior vice president of professional
liability for LIU. "By combining CAMICO's demonstrated expertise in accountants'
liability with Liberty Mutual Group`s financial strength and LIU`s significant
experience in professional liability insurance, we will bring the high level of
underwriting, claims management and risk management service CPA firms expect
from an insurer."

About CAMICO and CIS

CAMICO Mutual Insurance Company (www.camico.com) is sponsored by state CPA
societies and associations in Arizona, California, Colorado, Indiana, Kentucky,
Mississippi, Missouri, Nevada, New Jersey, New York, Ohio, South Carolina,
Tennessee, Utah, Virginia and Washington. The Redwood City, Calif.-based company
serves more than 7,500 accounting firms and 64,000 staff members in 45 states
and the District of Columbia. CAMICO Services, Inc., d.b.a. CAMICO Insurance
Services (CIS), is licensed as an insurance producer in all states in which
CAMICO operates.

About LIU/Liberty Mutual Group

Liberty International Underwriters (www.liu-usa.com), a division of Liberty
Mutual Group, provides specialty commercial lines of insurance worldwide,
including casualty, specialty casualty, global crisis management, marine energy,
engineering and reinsurance, distributed exclusively through the independent
broker network. Boston-based Liberty Mutual Group is a diversified global
insurer and fifth largest property and casualty insurer in the U.S. based on
2008 direct written premium. The Company also ranks 86th on the Fortune 500 list
of largest corporations in the U.S. based on 2008 revenue. As of December 31,
2008, Liberty Mutual Group had $104.3 billion in consolidated assets, $94.2
billion in consolidated liabilities and $28.9 billion in annual consolidated
revenue.

CAMICO
Dan Crouch, 650-802-2527
dcrouch@camico.com
or
Liberty Mutual Group
Adrianne Kaufmann, 617-574-5983
Adrianne.Kaufmann@LibertyMutual.com

Copyright Business Wire 2009