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ACCEPTANCE EXTENDS RIGHTS OFFERING

 OMAHA, Neb., Jan. 11 /PRNewswire/ -- Acceptance Insurance Companies Incorporated (NYSE: AIF), Omaha, announced today that the date of termination of its offering to its shareholders of rights, entitling them to purchase one share of common stock and one warrant to purchase an additional share of common stock, has been extended from Jan. 20, 1993 to Jan. 27, 1993.
 Kenneth C. Coon, chairman and president of Acceptance, said that it appeared that rights offering materials were slow getting to shareholders because of the holiday season following the Dec. 23, 1992 commencement of the offering, and that the company felt that extending the offering for an additional week would assist shareholders who wanted to take advantage of the rights offering.
 Acceptance Insurance is an A- rated specialty property and casualty insurance company concentrating its efforts in the excess and surplus lines business. The company's insurance operations are conducted through insurance subsidiaries and an insurance agency. The company seeks specialty books of insurance business throughout the United States in which the application of its skilled underwriting and claims techniques can provide the company with an advantage over the insurance industry.
 -0- 1/11/93
 /CONTACT: William J. Gerber, vice president of Acceptance Insurance Companies Inc., 402-344-8800, or Edward Silverman or Cynthia A. Bond of Silverman Heller & Bond, Inc., 212-682-9222, for Acceptance Insurance Companies/
 (AIF)


CO: Acceptance Insurance Companies Inc. ST: Nebraska IN: INS SU: OFR

AH-OS -- NY049 -- 3543 01/11/93 12:21 EST
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Publication:PR Newswire
Date:Jan 11, 1993
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