CAMICO Brings Its Accountants' Professional Liability Program to New York.

REDWOOD CITY, Calif.--(BUSINESS WIRE)--May 27, 1999--

Created by CPAs to protect CPAs, CAMICO Mutual Insurance Company's professional liability and risk management program is now available to certified public accountants in the state of New York.

With its entry into New York, CAMICO is now writing professional liability insurance for CPAs in 16 states.

"Working with state CPA societies and associations across the country, we have been able to build a program that stays closely in step with changes in the profession," said CAMICO President John A. Dodsworth, CPA. "We are pleased to be able to offer that program to CPAs in New York state as a key move in our expansion plans."

Gail A. Johnson, CPCU, RPLU, CPIW, vice president of program development, has been named manager of CAMICO's New York office. She can be reached by telephone at 1.800.652.1772, by e-mail at [e-mail], by fax at 1.800.227.2090, or by mail at CAMICO Mutual Insurance Company, Attention: Gail A. Johnson, Rockefeller Center, P.O. Box 2159, New York, NY 10185-2159.

"I am excited about the opportunity to work with New York CPAs to provide the high level of service our member-owners in other states have come to expect from CAMICO," Johnson remarked.

"As a member-owned company, CAMICO Mutual Insurance Company is a welcome alternative resource for New York state CPAs. An insurance company that knows the CPA business as well as CAMICO does will be particularly attractive to small and mid-size firms which would want to take advantage of CAMICO's technical and loss prevention hotline services," said Dan L. Goldwasser, a nationally-recognized expert in CPA professional liability issues, at Vedder, Price, Kaufman, Kammholz & Day in New York City.

Based in Redwood City, California, CAMICO Mutual Insurance Company insures more than 15,126 staff members, encompassing 2,896 accounting firms. CAMICO was the first liability carrier to offer a comprehensive loss prevention program as a value-added component of the policy package. Free continuing professional education (CPE) is an essential element of the program. CAMICO is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors.

CAMICO currently writes professional liability insurance for CPAs in Arizona, California, Colorado, Idaho, Illinois, Michigan, Minnesota, Missouri, Nevada, New York, Ohio, Oregon, Pennsylvania, Utah, Washington, and Wisconsin. The program is sponsored by the CPA state societies in Arizona, California, Colorado, Nevada, and Washington. As part of its expansion plans, CAMICO's program will be available in several more states over the next two years.