Exhibit No. 99

                        Press release dated July 12, 1999

                         MOTOR CLUB OF AMERICA ANNOUNCES
                  SHAREHOLDERS APPROVE NORTH EAST ACQUISITION;
             NORTH EAST SHAREHOLDERS MEETING ADJOURNED WITHOUT VOTE
                 ----------------------------------------------

     Paramus,  NJ,  July  12,  1999 - Motor  Club of  America  (NASDAQ  :  MOTR)
("Company")  announced today that its  shareholders had approved the acquisition
of  North  East  Insurance  Company  (NASDAQ  :  NEIC)  ("North  East")  and  an
alternative plan of financing the acquisition  which would enable the Company to
raise up to $10 million in convertible subordinated debentures.

     The  Company  reported  that it had been  informed  by North  East that its
special  shareholders'  meeting  had been  adjourned,  as  sufficient  number of
proxies to constitute a quorum had not been received.  The Company also reported
that North East has  adjourned  its special  meeting  until July 20,  1999.  The
Company has indicated its  willingness to extend until July 23, 1999 the date by
which the acquisition  must be  consummated,  beyond which date either party may
terminate  the Merger  Agreement.  It is a condition of the Merger that at least
75% of the North East shares must approve the same.

     Motor Club of America is a property and casualty insurance holding company.
Motor Club of America  Insurance Company writes personal  automobile  insurance.
Preserver  Insurance  Company writes small commercial and homeowners  insurance.
Both companies are separately rated B+ (Very Good) by A.M. Best Company.