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Highmark Life & Casualty Changes Name to HM Insurance Group

Company launches new health risk solutions direction

PITTSBURGH (April 4, 2006)—Highmark Life & Casualty Group announced today that it has changed its company name to HM Insurance Group. The name change reflects HM Insurance Group's focus on products that create health risk solutions that can reduce gaps in health benefit coverage.

"This move to a new name and identity represents the culmination of a strategy to position the company for growth in group employee benefit insurance products that can provide health risk solutions," said Dan Lebish, HM Insurance Group president and chief executive officer. "We have a foundation of strength built on our experience in stop loss insurance and are moving forward with new products that complement our base."

According to Lebish, the new HM Insurance Group identity will allow the company to market all products under a common name.

HM Insurance Group has more than 20 years' experience in stop loss and recently added worksite products to its offerings. Lebish also announced that HM Insurance Group is introducing a new limited benefit medical product. The limited benefit product will be available at the end of April and will enable employers to bridge the gap for employees who do not have health insurance coverage.

"HM Insurance Group's core products—stop loss, worksite and limited benefit medical plans—will provide a connected portfolio of health risk solutions to address the challenges faced by employers," said Lebish. "This strategic direction positions HM Insurance Group for continued future growth."

About HM Insurance Group

Pittsburgh-based HM Insurance Group, a subsidiary of Highmark Inc., provides group health-related insurance products to protect businesses and their employees from potential financial losses associated with health costs. HM Insurance Group's connected portfolio of products and services helps to provide health risk solutions for clients.

HM Life Insurance Company, HM Life Insurance Company of New York and Highmark Casualty Insurance Company have received an "A-"(Excellent) rating from A.M. Best Company, one of the country's oldest and most respected rating agencies. HM Insurance Group consists of HM Life Insurance Company, HM Life Insurance Company of New York, HM Benefits Administrators and Highmark Casualty Insurance Company, which offers workers' compensation (in Pennsylvania only) and stop loss coverage.

Through its insurance companies, HM Insurance Group holds insurance licenses in 50 states and the District of Columbia. HM Insurance Group maintains 18 regional sales offices across the country. Not all products or services are available in all states.

Contact:
Phil Neubauer
Highmark Inc.
(412) 544-4221
phil.neubauer@highmark.com