Eastern Alliance Insurance Group Introduces ecovery Program and Return to Wellness Specialist
LANCASTER, Pa., May 21, 2012 /PRNewswire/ -- Eastern Alliance Insurance Group (EAIG), a subsidiary of Eastern Insurance Holdings, Inc. (EIHI), announced today the launch of ecovery, a new EAIG program that returns injured workers to wellness and productivity by using work as a therapeutic tool. EAIG is a domestic casualty insurance group specializing in workers' compensation insurance products and services.
In conjunction with the launch of the ecovery program, Sarah Tayts has been appointed as EAIG's Return to Wellness Specialist, responsible for developing ecovery tools, resources and technology initiatives to assist EAIG's agency partners and policyholders with implementing modified duty programs.
"Sarah brings a unique combination of experience in the workers' compensation industry and education in industrial and organizational psychology," said Michael Boguski, President and Chief Executive Officer of EIHI. "She has already become a tremendous asset to our organization through her role in launching our ecovery program."
EAIG has a strong philosophical commitment to modified duty. EAIG's ecovery program was developed after market research indicated a need in the workers' compensation marketplace for next generation approach to modified duty featuring comprehensive, practical information and proactive education. Instead of "Return to Work," EAIG uses the phrase 'Return to Wellness' to describe its unique, holistic approach.
"We selected the name 'ecovery' to link the Eastern brand with the goal of recovery for both the injured worker and the employer," said Suzanne Emmet, Senior Vice President of Claims and Corporate Compliance for EIHI. "The phrase 'Return to Wellness' captures the intrinsic, positive spirit of ecovery, and reflects the broader scope of the program, which promotes faster healing, increased productivity, improved employee retention and workplace culture, and reduced insurance costs."
The ecovery program features an extensive online library of turnkey and customizable materials targeting employers, injured workers, agents and medical providers. In her role as EAIG's Return to Wellness Specialist, Tayts uses webinars, newsletters, blogs and social media to communicate to EAIG agents and policyholders on a wide variety of topics related to workers' compensation and modified duty.
Prior to joining EAIG, Tayts served as a Workers' Compensation Claims Team Leader for Donegal Insurance Group. She graduated from Millersville University in Millersville, Pennsylvania with a Bachelor of Arts degree in Psychology and from the Chicago School of Professional Psychology with a Master of Arts degree in Industrial/Organizational Psychology with a concentration in Organizational Effectiveness. She has also earned the Associates in Claims designation.
Employers can visit www.eains.com/ecovery to learn more about the ecovery program and find an independent insurance agent representing EAIG. Founded in 1997, EAIG specializes in providing workers' compensation products and services to businesses and self-insured clients. EAIG is a member of the publicly-held Eastern Insurance Holdings, Inc. family of companies, with offices in Lancaster and Wexford, Pennsylvania, Charlotte, North Carolina, Carmel, Indiana, Franklin, Tennessee, and Richmond, Virginia. EAIG's Web address is www.eains.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. 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 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, therefore 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; the geographic concentration of 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 investment objectives; the effects of intense competition; the loss of one or more principal employees; the inability to acquire additional capital on favorable terms; a failure of independent insurance brokers to adequately market our products; and the effects of acts of terrorism or war. More information about these and other factors that potentially could affect our financial results is included in our Form S-1 Registration Statement, filed with the U.S. Securities and Exchange Commission and in our other public 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. This press release also does not constitute an offer to sell, or a solicitation of an offer to buy, EIHI securities. Such an offer will be made only by means of a prospectus.
SOURCE Eastern Insurance Holdings, Inc.