LANCASTER, Pa., Dec. 16, 2013 /PRNewswire/ -- Eastern Insurance
Holdings, Inc. ("EIHI" or "Eastern") today announced that the
special meeting of its shareholders previously scheduled for
December 4, 2013 will be held on
December 27, 2013, at 10:00 A.M. Eastern Time at Eastern's offices at
25 Race Avenue, Lancaster,
Pennsylvania. The meeting is being held for shareholders to
vote on the acquisition of Eastern (NASDAQ: EIHI) by ProAssurance
Corporation (NYSE: PRA), which was previously announced on
September 24, 2013.
Any proxies or votes already submitted by shareholders in
connection with the special meeting will remain valid and will be
unaffected by the rescheduling of the special meeting.
Cautionary Statement
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 Eastern'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. Eastern undertakes no obligation to
update any forward-looking statements.
SOURCE Eastern Insurance Holdings, Inc.