GuilfordPare Press Room.

Proprietary Services to Resolve Existing Workers' Compensation Claims and Proactively Address Workplace Safety

Firm Adds CFO and Senior Vice President

BALTIMORE, MD - November 20, 2002 - GuilfordPare, the nation's leading financial consulting firm specializing in workers' compensation and injury management, announced today that it has expanded its service offerings and has added two new members to its senior management team. Both moves position the company for aggressive growth in 2003.

"American companies spend upwards of $50 billion annually on workers' compensation premiums alone," commented Marcia DeWitt, GuilfordPare president and CEO. "Our job is to help our clients improve their balance sheets, and we do so by examining the root causes of burgeoning workers' compensation costs. Our two newest services allow us to combat workers' comp over-expenditure even more effectively."

GuilfordPare offers a full range of workers' compensation and injury management consulting services under its one-of-a-kind "Management Contract," an integrated system to manage injuries, close open workers' compensation cases, access more effective medical and legal networks, develop return-to-work plans, and improve workplace safety. GuilfordPare's new offerings under the Contract include Quick ClosureSM, a service that swiftly resolves outstanding liability cases on the client's books, and Enhanced Safety ProgramSM, a proactive accident-prevention program that addresses rising workers' compensation costs by making the workplace safer. The Enhanced Safety Program's customized approach addresses areas that drive the frequency and severity of losses, such as ergonomics, repeaters, worksite assessments, fleet safety and management accountability.

"The soft economy and rapidly escalating insurance costs are compelling large employers, insurers and reinsurers to take a good hard look at their cost centers," explained DeWitt. "In doing so, they are realizing the need to review their workers' compensation and risk management programs. Our non-traditional approach to cutting costs is saving our clients millions of dollars."

GuilfordPare offers its two newest services in conjunction with its existing Management Action PlanSM and Au PareSM services, enabling the firm to resolve all aspects of workers' compensation and risk management issues for employers, insurers and reinsurers. The Management Action Plan is a step-by-step program that generates a company-wide picture of workers' compensation issues by conducting employee and management interviews and analyzing loss information and insurance costs. Au Pare instructs clients on how to prevent and manage workplace accidents after they occur, paring millions from medical and lost-time costs.

In addition to its enhanced service offerings, GuilfordPare has also bolstered its senior management team with the addition of Charles (Chip) Baldwin, Jr., as chief financial officer and Patty Soppe as senior vice president of client relations and sales.

Mr. Baldwin brings more than 22 years of financial services experience to his role as GuilfordPare's CFO. Most recently he was the CFO at Direct Response Corporation, located in White Plains, N.Y., where he was instrumental in establishing the financial organization and raising capital for this start-up personal auto carrier. Prior to that, he served as the chief financial officer of USF&G's Commercial Insurance division and Field Operations department.

Ms. Soppe will utilize her more than 20 years of diverse business experience as GuilfordPare's senior vice president of client relations and sales. Prior to joining GuilfordPare, Ms. Soppe spearheaded the national marketing strategy for the successful launch of a new business entity providing fee-based risk control services for one of the nation's leading insurers. Her background also includes 15 years experience in risk control management for large employers.

About GuilfordPare (www.guilfordpare.com)
GuilfordPare (formerly The Guilford Group) is a national leader in workers' compensation consulting and disability management. The firm's mission is to improve the balance sheets of Fortune 500 organizations, insurance companies and reinsurance companies. Since its inception in 1990, GuilfordPare has dramatically reduced costs associated with workers' compensation claims. In the past three years alone, GuilfordPare has worked with a dozen Fortune 500 companies to achieve an overall savings of nearly half a billion dollars. The company is based in Baltimore, MD.