An investigation on behalf of investors in Amerisafe, Inc. (Nasdaq: AMSF) over concerning potential shareholder claims arising from alleged breaches of fiduciary duties by Amerisafe, Inc.'s present and former officers and directors was announced.

According to the investigation by a law firm on February 6, 2009 Amerisafe, Inc announced that board member Thomas Hallagan had informed Amerisafe, Inc. of allegations of corporate mismanagement and misconduct. These allegations concern, so the investigation, among other things, potential conflicts of interests between certain Board members and management of Amerisafe; the accuracy and completeness of certain minutes of a meeting of a committee of the Board; concerns about management's interaction with the Board with respect to certain stock sales by the CEO; options grants to certain employees; and management's interaction with the Board in considering the possible repurchase of certain preferred shares of the Company.