Eastern Insurance Holdings has established a satellite office in Tennessee in support of its subsidiary Eastern Alliance Insurance Group (EAIG), a domestic casualty insurance group specializing in workers' compensation insurance.
EAIG said that it has received regulatory approval to write casualty insurance products in Tennessee in June 2009, through subsidiaries Eastern Alliance Insurance Company, Allied Eastern Indemnity Company, and Eastern Advantage Assurance Company.
According to EAIG, the Nashville, Tennessee site is a satellite location of the Charlotte regional office, and is being staffed with marketing, underwriting, claims and risk management professionals. The company has appointed seven new Tennessee agencies to date in support of this expansion initiative.
Bruce Eckert, CEO of EIHI, said: We believe the Tennessee expansion of our workers’ compensation business presents our shareholders with the right financial and operational opportunity to allocate that capital and extend the Eastern Alliance brand into new territories.
EAIG provides a complete line of workers’ compensation products and services, and also its ParallelPay ‘pay-as-you-go’ premium payment option.