<PAGE>


                                                                     EXHIBIT 99


                         AMERICAN COUNTRY HOLDINGS INC.
                              SAFE HARBOR STATEMENT

         Information provided by the Company may contain certain 
forward-looking information, which, as defined by the Private Securities 
Litigation Reform Act of 1995 (the "Act"), may relate to such matters as 
future plans, targets and objectives, cyclical industry conditions, 
government and regulatory policies, the uncertainties of the reserving 
process and the competitive environment in which the Company operates or the 
assumptions relating to any of the forward- looking information. This Safe 
Harbor Statement is being made pursuant to the Act and with the intention of 
obtaining the benefits of the so-called "safe harbor" provisions of the Act. 
The Company cautions that forward-looking statements are not guarantees since 
there are inherent difficulties in predicting future results, and that actual 
results could differ materially from those expressed or implied in the 
forward-looking statements. Factors that could cause actual results to differ 
include, but are not necessarily limited to, the following:

         * PROPERTY AND CASUALTY INSURANCE INDUSTRY. American Country's 
business depends on its ability to retain its current insurance customers and 
write new insurance business. The property and casualty insurance industry is 
highly competitive on the basis of both price and service. American Country 
faces competition from national and regional insurance carriers and 
innovative insurance programs put together by insurance agents and 
reinsurance companies. See "Business--Competition" for additional information.

         * FLUCTUATIONS IN INDUSTRY RESULTS. The financial results of 
property and casualty insurers historically have been subject to significant 
fluctuations. Profitability is affected significantly by volatile and 
unpredictable developments (including catastrophes), changes in loss reserves 
resulting from changing legal environments as different types of claims arise 
and judicial interpretations develop relating to the scope of insurers' 
liability, fluctuations in interest rates and other changes in the investment 
environment which affect returns on invested capital, and inflationary 
pressures that affect the size of losses. Further, underwriting results have 
been cyclical in the property and casualty insurance industry, with 
protracted periods of overcapacity adversely impacting premium rates, 
resulting in higher combined ratios, followed by periods of under capacity 
and escalating premium rates, resulting in lower combined ratios.

         * REGULATION. American Country is subject to governmental regulation 
in each of the jurisdictions in which it conducts business. Insurance 
regulatory agencies have broad administrative powers with respect to all 
aspects of an insurance company's business, including rates, policy forms, 
dividend payments, capital adequacy and the amount and type of investments it 
may have. These regulations are intended primarily to protect policyholders 
rather than securityholders. The insurance regulatory framework continues to 
be subject to scrutiny by the National Association of Insurance 
Commissioners, state legislatures and the United States Congress. No 
assurance can be given that future legislative or regulatory changes 
resulting from such activity will not adversely affect American Country. See 
"Business--Regulation" and

<PAGE>



"Management's Discussion and Analysis of Financial Conditions and Results of 
Operations-- Regulation" for additional information.

         * MARKETING. Becoming licensed as an authorized insurer and writing 
business in additional states is one of the foundations of American Country's 
growth strategy. American Country's ability to enter and write new business 
in these markets is contingent upon its becoming licensed by the insurance 
department of each jurisdiction. Each jurisdiction has its own licensing 
requirements and it may be difficult for American Country to obtain a license 
in the particular jurisdiction in which it applies. See 
"Business--Marketing," and "--Regulation" for additional information.

         * REINSURANCE. The majority of American Country's reinsurance is 
placed with a limited number of reinsurers. American Country is required to 
obtain reinsurance in a competitive marketplace and a contingent liability 
exists to the extent that American Country's reinsurers are unable to meet 
their contractual obligations.

         * ADEQUACY OF LOSS RESERVES. The liabilities for unpaid losses and 
loss adjustment expenses are estimated by management utilizing methods and 
procedures which they believe are reasonable. These liabilities are 
necessarily subject to the impact of future changes in claims severity and 
frequency, as well as numerous other factors. Although management believes 
that the estimated liabilities for losses and loss adjustment expenses are 
reasonable, because of the extended period of time over which such losses are 
reported and settled, the subsequent development of these liabilities may not 
conform to the assumptions inherent in their determination and, accordingly, 
may vary significantly from the amounts estimated by American Country.

         * RATINGS. Increased public and regulatory concerns with the 
financial stability of insurers have resulted in greater emphasis by 
policyholders upon insurance company ratings, with a resultant potential 
competitive advantage for carriers with higher ratings. American Country 
currently is rated "A-" by A.M. Best. In addition, Standard & Poor's has 
given American Country an Insurer Claims-Paying Ability Rating of "BBBq" 
(Adequate). There can be no assurance, however, that American Country will 
maintain its ratings; any downgrade could materially adversely affect its 
operations. A.M. Best's and Standard & Poor's ratings are based on an 
analysis of the financial condition and operations of American Country as 
they relate to the industry in general and are not designed for the 
protection of investors.