LANCASTER, Pa., Sept. 5, 2013 /PRNewswire/ -- Eastern Insurance
Holdings, Inc. ("EIHI") (NASDAQ: EIHI) announced today it has been
named as one of the Best Places to Work in Insurance by Business
Insurance in the small insurer (25-249 employees) category.
EIHI was also recognized in 2009 and 2011 as a top employer by
Business Insurance, and along with its subsidiary, Eastern
Alliance Insurance Group, was recognized five times as one of the
Best Places to Work in Pennsylvania during the past decade.
"We are honored to be recognized once again as one of the Best
Places to Work in Insurance," said Michael
Boguski, President and Chief Executive Officer. "EIHI is
committed to its core values of integrity, innovation, leadership
and relationships. Our exceptional employees continue to drive the
profitable growth and success of the Company. We remain
committed to providing our employees with an excellent work
environment. We are particularly pleased that this national
program includes employee survey results from all of our regional
and satellite offices."
The Best Places to Work in Insurance recognition program is a
joint venture of Business Insurance and Best Companies
Group. Open to insurers, agents and brokers, the process gathers
detailed data about each participating company through an employer
questionnaire and an employee survey. Information on the companies
selected as elite employers will be detailed in the October 21, 2013 issue of Business
Insurance.
EIHI operates through its subsidiaries a domestic casualty
insurance group specializing in workers' compensation products and
services and a segregated portfolio cell reinsurance business. EIHI
has service offices in Pennsylvania, North
Carolina, Indiana,
Tennessee, Virginia and Mississippi. EIHI's Web address is
http://www.eihi.com.
FORWARD LOOKING STATEMENTS
Some of the statements contained in this press release are
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. In some
cases, you can identify forward-looking statements by terminology
such as "may," "will," "should," "expect," "project," "plan,"
"intend," "anticipate," "believe," "estimate," "predict,"
"potential" or "continue," the negative of these terms or other
similar terminology. Forward-looking statements are based on
the opinions and estimates of management at the time the statements
are made and are subject to certain risks and uncertainties that
could cause actual results to differ materially from those
anticipated in the forward-looking statements. No assurance
can be given that management's expectations, beliefs or projections
will occur or be achieved or accomplished. Factors that could
affect the Company's actual results include, among others, the fact
that our loss reserves are based on estimates and may be inadequate
to cover our actual losses; the uncertain effects of emerging claim
and coverage issues on our business; an inability to obtain or
collect on our reinsurance protection; a downgrade in the A.M. Best
rating of our insurance subsidiaries; the impact of extensive
regulation of the insurance industry and legislative and regulatory
changes; a failure to realize our growth strategies and investment
objectives; the further deterioration in the fixed income and
equity security markets, the effects of intense competition; the
loss of one or more principal employees; the geographic
concentration of our business; the failure of independent insurance
brokers to adequately market our products; and other factors
described in our filings with the U.S. Securities and Exchange
Commission. Readers are cautioned not to place undue reliance
upon these forward-looking statements, which speak only as of the
date of this release. The Company undertakes no obligation to
update any forward-looking statements.
SOURCE Eastern Insurance Holdings, Inc.