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CII FINANCIAL ANNOUNCES IT HAS BEEN SERVED WITH CLASS ACTION LAWSUIT

 PLEASANTON, Calif., Dec. 18 /PRNewswire/ -- CII Financial Inc. (AMEX: CII), a financial services holding company, announced today that it has been served with a class action lawsuit filed in federal court in Seattle. The lawsuit alleges that CII Financial has violated financial disclosure requirements of the federal securities laws. Management believes the allegations are without merit.
 CII Financial has retained the law firm of Gibson, Dunn & Crutcher to vigorously defend against the lawsuit.
 -0- 12/18/92
 /CONTACT: Joseph G. Havlick, chairman of the board, president and CEO of CII Financial, 510-416-8700/
 (CII)


CO: CII Financial Inc. ST: California IN: INS SU:

KJ-BP -- LA024 -- 8417 12/18/92 16:59 EST
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Publication:PR Newswire
Date:Dec 18, 1992
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