NEW PARTNERSHIP FOR W/C

August 13, 2001

Advantage Workers’ Compensation Insurance Company of Salt Lake City was named the underwriting partner of Boise-based WorkCare NorthWest, a partnership expected to make Advantage Insurance one of the largest workers’ compensation insurers in Idaho by July 2002. Advantage Insurance, which will replace Everest National Insurance Company, projects to write workers’ compensation premiums of about $20 million by the end of the first program year. Rated “A-” by A.M. Best, Advantage Insurance is an Indiana-domiciled insurance company with corporate headquarters in Salt Lake City. WorkCare NorthWest is a program administrator with offices in Boise, doing business through independent agents and brokers in Idaho, Montana and northern Nevada.