News Room

March 28, 2001

Assurant Group Signs Major Contract with driversshield.com

Marketer Will Offer Auto Membership Program Through Credit Union Channel

Plainview, N.Y.: driversshield.com Corp. (Nasdaq: DRVR) said today that it has entered into a multi-year contract with Assurant Group that is expected to increase revenue from memberships in the driversshield.com Auto Discounts and Services Program (ADS) by fivefold over the next 36 months. Assurant will market the Company's industry-leading program to credit union members nationwide through Internet web sites, direct mail and telemarketing. The marketing campaign will start in the spring.

Headquartered in Atlanta and Miami, Assurant is a leading affinity marketer of specialty insurance, extended service contracts and membership programs through financial institutions, retailers, manufactured housing and automobile dealers and utilities. Assurant is part of the international Fortis Group, which operates in the fields of insurance, banking and investments.

"We are extremely pleased that Assurant is expanding its previous relationship with us, and we anticipate major growth in revenue on the basis of this contract," said B. J. Spiegel, president of the driversshield.com ADS subsidiary. "Additionally, the Assurant campaign will significantly increase the driversshield.com membership enrollment, now nearly at one million households."

"Based upon our continuing relationship with driversshield.com, we have found that this auto membership program is the market leader in terms of its real value and usefulness to consumers," said Claude Borrelli, senior vice president for Assurant's credit union business channel. "We're confident this effort will generate significant revenue in the months ahead."

The driversshield.com Auto Discount and Services Program provides consumers with deep discounts on a variety of automotive related products and services, many of which are exclusive to this program. Services are obtainable through the Company's web site, http://www.driversshield.com, which connects the driver to nearly 10,000 facilities across the nation. Members of the program make appointments for services directly off the web site. The Program is also used by companies to build customer loyalty.

Assurant Group was created in August 1999 when Fortis, Inc. acquired American Bankers Insurance Group, based in Miami, Florida, and merged it with member companies of the Fortis-owned American Security Group companies, based in Atlanta, Georgia. Assurant companies have more than 110 years of combined experience in the specialty insurance industry, operating in the United States, Canada, Latin America, the Caribbean, Denmark, Ireland and the United Kingdom. Fortis, Inc., with $22 billion in assets, is part of the international Fortis Group, with assets of more than $400 billion. Fortis' listed companies are Fortis (B) of Belgium and Fortis (NL) of the Netherlands.

Since its founding in 1983, driversshield.com Corp. has built a national reputation for efficient, cost-saving management of collision claims for self-insured corporate and municipal vehicle fleets. Clients include The Coca-Cola Company, Time Warner, IBM, Hershey Foods and many other prominent corporations. The Company is known for the quality of its auto membership programs and has built a customer base with well-known organizations such as Providian Financial, Protective Life, Priceline.com and other prestigious credit card, financial institutions and web sites.

This announcement contains "forward looking statements." Words "anticipate," "believe," "estimate," "expect" and other similar expressions as they relate to the Company and its management are intended to identify such forward looking statements. Although the Company and its management believe that the statements contained in this announcement are reasonable, it can give no assurances that such statements will prove correct. Factors that could affect the occurrence of events or results discussed herein are included with those mentioned in the Company's filings with the Securities and Exchange Commission.

Assurant Group is a service mark of Fortis, Inc.

Media contact

Charles Holcomb
driversshield.com Corp.
516.694.1010, ext. 241
Web Site: http://www.driversshield.com

James A. Sykes
Director, Corporate Communications
Assurant Solutions
260 Interstate N. Circle, SE
Atlanta, Ga. 30339-2111
Telephone: 770.763.1015
FAX: 770.859.4325
E-mail: james.sykes@assurant.com