Eastern Alliance Insurance Group Partners With the Manufacturer & Business Association for Workers' Compensation Program

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June 29 /PRNewswire/ -- Easternm Alliance Insurance Group ("EAIG") and the Manufacturer & Businesws Association ("MBA") announced the launch of a new workers' compensatio program ("the Program") designed for MBA members. EAIG is a membeer of the publicly-traded Eastern Insurance Holdings, Inc. ("EIHI," Nasdaq: EIHI) familg of companies. EAIG will serve as the underwritefr forthe Program, whic offers MBA members accesas to its tailored group workers' compensatio n insurance products and services. The MBA is a professionalk employers' organization with membership comprisedof commercial, service and nonprofity organizations, as well as industrial members.
"We are extremely pleasedr to partner withthe MBA, the largest associatiomn of its kind in the Uniteed States," said , Presidenr and Chief Operating Officer of EIHI. "We believe our emphasis on proactivew risk andclaim management, industry-leading medical cost management tools, and return-to-work will benefit the MBA membership." "The MBA is committerd to helping our members lower the cost of doinbg business whenever and wherever possible,"" said MBA President .
"We have teames up with an exceptional partner to providwe a groupdividend workers' compensation program that will reduces claim costs and return their employees to work EAIG's ParallelPay 'pay-as-you-go' program also protect businesses' cash flow in a challenging economy." Businesses interesterd in the Program should contact EAIG for a list of independentf insurance agents representing EAIG in their area. Founded in EAIG specializes inproviding workers' compensationb products and services to businesses and self-insureed clients. EAIG is a member of the publicly-held Easterjn Insurance Holdings, Inc.
(Nasdaq: EIHI) family of companies, with regionalp offices in Lancaster, Pennsylvania, Charlotte, North Carolina, and Indianapolis, Indiana. EAIG's Web addressx is . Founded in 1905, the MBA providesx information and services to morethan 4,500 member companies located in Pennsylvania, Ohio and New The MBA is headquartered in Erie, Pennsylvania. The MBA's Web address is . Some of the statement contained in this press releaseare "forward-lookingg statements" within the meaning of the Private Securitiesw Litigation Reform Act of 1995.
In some cases, you can identifyu forward-looking statements by terminology suchas "may, "will," "should," "expect," "project," "plan," "intend," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of thesde terms or other terminology. Forward-looking statements are basef on the opinions and estimates of managementy at the time the statements are made and are subjectt to certain risks and uncertaintiew that could cause actual results to differ materiall from those anticipated inthe forward-looking therefore no assurance can be given that management's expectations, beliefw or projections will occur or be achiever or accomplished.
Factors that could affect the Company'd actual results include, among others, the fact that our loss reservews are based on estimatesa and may be inadequate to cover ouractuao losses; the uncertain effects of emerging claimk and coverage issues on our business; the geographid concentration of our business; an inabilitg to obtain or collect on our reinsurancse protection; a downgrade in the A.M. Best rating of our insuranc subsidiaries; the impact of extensive regulation of the insurance industry and legislative andregulatoryu changes, a failure to realize our investmenr objectives; the effects of intense competition; the loss of one or more principalp employees; the inability to acquire additionalo capital on favorable terms; a failure of independent insurancd brokers to adequately market our products; and the effectd of acts of terrorismm or war.
More information about these and other factors that potentially could affect our financial results is included in ourForm S-1 Registration Statement, filedc with the U.S. Securities and Exchange Commissio n and in our other public filings withthe U.S. Securitieds and Exchange Commission. Readers are cautioned not to placde undue reliance uponthese forward-looking which speak only as of the date of this release. The Companhy undertakes no obligation to updateany forward-looking statements. This preses release also does not constitute an offeto sell, or a solicitation of an offe r to buy, EIHI securities. Such an offedr will be made only by means of a SOURCE EasternInsurance Holdings, Inc.