Cunningham Lindsey U.S. Remains Committed to Loss Adjusting Business

March 17, 2004

Cunningham Lindsey US Inc. (CL US) President & CEO, Karen Murphy announced that CL US remains firmly committed to its U.S. loss adjusting and adjuster training services and the customers they serve following Monday’s sale closure of its claims administration business to Broadspire Services Inc., a Platinum Equity company.

“Now more than ever our customers can be confident that they are partnering with a company completely committed to the traditional loss adjusting business,” said Murphy. “Our resources will be focused on enhancing the range and quality of field adjusting services we deliver the U.S. insurance market.”

Vale National Training Centers Inc., a subsidiary of CL US, is also unaffected by the sale.

“Vale is a proud member of our CL US organization and has and will continue to be one of the top insurance adjusting training facilities in North America,” added Murphy.

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