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.