Court Grants USI Holdings Corporation's Motion to Limit Damages Period

  
    
  
  
    
      USI Holdings Corporation (NASDAQ: USIH) today announced today that a 
      federal court has granted its motion for partial summary judgment on a 
      statue of limitations issue in the copyright infringement action William 
      A. Graham Company v. Thomas P. Haughey and USI MidAtlantic, Inc. 
      (U.S. District Court, Eastern District of Pennsylvania, CA NO. 05-612). 
      The Company’s subsidiary, USI MidAtlantic, 
      Inc. (USIM), and one of its employees, Thomas P. Haughey, are the 
      defendants in the action.
    
    
      Following a June 2006 jury verdict against USIM and Mr. Haughey for 
      copyright infringement in the amounts of $16.6 million and $2.2 million, 
      respectively, USIM and Mr. Haughey filed post-trial motions on various 
      grounds, requesting that the court overturn the verdict or grant a new 
      trial. On November 21, 2006, the court granted USIM’s 
      and Mr. Haughey’s motion for a new trial on 
      the issue of the application of the statute of limitation and on 
      damages. Thereafter, USIM and Mr. Haughey filed a motion for summary 
      judgment on the statute of limitations issue, which was granted by the 
      court on March 29, 2007. The effect of the court’s 
      most recent ruling is to limit any damages awarded to plaintiff to the 
      period beginning three years prior to plaintiff's commencement of the 
      action rather than the thirteen year period considered by the jury in 
      the original trial. A new trial date has not been set.
    
    
      About USI Holdings Corporation
    
    
      Founded in 1994, USI is a leading distributor of insurance and financial 
      products and services to businesses throughout the United States. USI is 
      headquartered in Briarcliff Manor, NY, and operates out of 66 offices in 
      18 states. Additional information about USI may be found at www.usi.biz.