American Physicians Service Group, Inc. (APS) and ProAssurance Corporation completed their merger transaction effective November 30, 2010. As a result of that transaction, all stockholders of APS are entitled to receive $32.50 for each share of APS stock they own. Stockholders whose shares are held in Direct Registration (electronic form) will receive their payment by the end of December 2010. Stockholders whose shares are held in certificate form will receive a packet by mail that sets forth the process for surrendering their share certificates to receive their cash payment.

APS stockholders with questions about their shares may contact Marc Zimmermann at APS (512.314.4497 or 800.252.3628) or Frank O'Neil at ProAssurance (205.877.4461 or 800.282.6242).

APS has notified The Nasdaq Capital Market ("Nasdaq") of the completion of the merger and requested that trading in the Company's common stock be suspended and that the common stock be withdrawn from listing on Nasdaq.