Leading North American Insurance Marketing Organization Announces Appointment of Landy Insurance as Their Source for Accountants Professional Liability Insurance.

Business/Editors

NEEDHAM, Mass.--(BUSINESS WIRE)--May 16, 2002

Insurance Marketing and Management Services (IMMS), the leading insurance and financial services marketing organization in North America, has chosen the Herbert H. Landy Insurance Agency (Needham, MA) as the nationwide source of Accountants Professional Liability Insurance to the more than 2,400 independent agency members of the IMMS CompleteMarkets Division.

IMMS provides information, products, and services to help insurance professionals build client relationships. Founded by industry leader George Nordhaus in 1973, IMMS has used printed materials, CD-ROMs, audiotapes, conferences, and the Internet to deliver more than 200 products, services, and publications. IMMS members include more than 2,400 independent agents and brokers, as well as insurers, throughout the U.S. and Canada.

Says Landy Vice President Joseph Flynn, "We're very excited about this new relationship and are looking forward to working with this group of prestigious insurance agents throughout the United States. Landy offers two Accountants Professional Liability Insurance Programs underwritten by the Fireman's Fund/Interstate Insurance Group, a national specialist in professional liability. The Fireman's Fund Group is a key subsidiary of Allianz AG, a leading international financial services provider with almost $1 trillion in assets under management."

The Accountants program, registered in many states as the CPA Advantage(TM) Professional Liability Insurance program, is available nationwide for all accounting firms that provide accountancy, financial planning, and consulting services. Policyholders receive valuable risk management information. Free of charge through a unique business alliance with www.accountingmalpractice.com (Manchaug, MA). Policyholders using the package can also earn a premium credit of up to 7.5% and as many six CPE credits.

The Accountants Basic Coverage Professional Liability program offers an economical alternative. The program covers practitioners performing bookkeeping, compilations, tax preparation and reviews (optional). Coverage for part-time sole practitioners is available at a reduced cost. (Please note that this program is not available in New York.)

The Herbert H. Landy Insurance Agency provides Professional Liability (Errors & Omissions) insurance to a wide spectrum of professionals throughout the United States, including accountants, real estate agents & brokers, and real estate appraisers, through a network of independent agents. The agency, founded in 1949, is located at 75 Second Avenue, Needham, MA, 02494. For more information about Landy, visit www.landy.com.