AP Capital CEO to Address Investor Panel

American Physicians Capital, Inc. (APCapital) (Nasdaq: ACAP) president and CEO William B. Cheeseman will speak at the Raymond James Institutional Investor Conference on March 3, 2003 at 1:30 p.m. EST. This event will take place at the Hyatt Regency Grand Cypress in Orlando, Florida. Cheeseman will give a presentation providing an overview of the company and business strategy. A question and answer session will follow the presentation. This event will be webcast live on the Internet. Listeners can access this broadcast either through APCapital's Web site at http://www.apcapital....