DUNCAN, FRASER & BRIDGES PURCHASES AMARILLO AGENCY
CAA Member Adds $10 Million in Premium Volume

Austin, TX, January 9, 2006 - Today Duncan, Fraser & Bridges Insurance Agency Inc., a member of Combined Agents of America, LLC (CAA), announced its purchase of Edmond, Deaton & Stephens, adding $10 million in premium volume. Edmond, Deaton & Stephens will maintain its familiar name and office in Amarillo, TX, but will operate as a division of Duncan, Fraser & Bridges Insurance Agency, headquartered in Pampa, TX. CAA is a managing general agency (MGA) committed to strengthening the independent insurance agency system through profitable growth, quality and service for its member agencies.

"Our goal is to double the agency every three years for the next nine years," said Bill Bridges, executive vice president for Duncan, Fraser & Bridges Insurance Agency Inc., Pampa, TX. "This move opens the Amarillo market to us and provides Edmond, Deaton & Stephens' clients with access to CAA contracts. Already we have successfully conducted business together through the years and we are thrilled to now have Edmond, Deaton & Stephens as part of our team."

In business since 1925, Duncan, Fraser & Bridges is a highly respected agency headquartered in Pampa, Texas. The company has additional offices in Borger and Amarillo, however the production office in Amarillo will move into the Edmond, Deaton & Stephens building. Duncan, Fraser & Bridges has a deep oil and gas background and represents most oil and gas markets that writes insurance in Texas.

Edmond, Deaton & Stephens formed in 1992. Its president, Jeff Edmond, will continue with the agency as vice president and serve on the board of directors of the new organization. Edmond, Deaton & Stephens focuses primarily on commercial, industrial, manufacturing and contractors' products, including builders' risk insurance. Personal lines insurance comprises approximately 20 percent of the business.

About Combined Agents of America, LLC
Founded in 1997 Combined Agents of America, LLC (CAA) is based in Austin, Texas, and comprised of 33 independent insurance agencies located throughout the state. By funneling the agencies' combined premiums, CAA brings larger volume commitments to insurance companies, while enabling its members to greatly improve their bottom line and realize greater benefits from insurance companies, vendor discounts, profit sharing and other incentives. To date, CAA has generated over $300,000,000 in combined property and casualty annual premiums, and works with 16 of the largest insurance companies in the nation. All CAA member agencies remain independent and are recognized by insurance companies as a key component to their future growth and goal commitments. CAA is the leading independent agency with many of the top rated insurance companies in Texas, and is also one of the fastest growing. Additional information is available at www.combinedagents.com.

CAA member agencies include: Bartlett, Baggett & Shands, Benchmark Insurance Group, Benton-Luttrell-Brown Company, Bigham-Kliewer-Chapman-Watts Insurance Agency, Bosworth & Associates, Bryan Insurance Agency Ltd., Brownrigg Insurance Agency Inc., Cravens/Warren & Co., Crockett Insurance Services, Duncan, Fraser & Bridges Insurance Agency Inc., Evans, Ewan & Brady Insurance Agency Inc., First Insurance Services, First Southwest Insurance Agency, GBS Insurance Agency Inc., Grona Boles and Martin Insurance Agency Inc., Insurance Associates of Texas, Insurance Net Inc., JHC Insurance Agency Inc., J. S. Edwards & Sherlock Insurance Agency, McCorkle Commercial Insurance Agency, Mims & Stephens, Henry Norris Insurance Agency Inc., Pinnacle Insurance Group Inc., Porter Insurance Agency Inc., Purifoy & Company, Bill Russell Insurance Agency Inc., The Shropshire Agency Inc., Siegeler Insurance Agency, Inc., Walthall, Sachse & Pipes, Inc., Weatherby-Eisenrich Inc., Ed Weeren Insurance Agency Inc., Wellmann Insurance Agency, Inc., and Whorton Insurance Services.

Press Contact:
Heather R. Bauer
Tel: (512) 507-7261
Email: heatherb@combinedagents.com