Rate Increases, Renewals Boost Net Income for Eastern

Eastern Insurance Holdings, Inc. reported net income of $2.9 million in the first quarter, a 53% increase from the $1.9 million net income reported in the first quarter of 2011."The first quarter was a strong start to 2012 for EIHI," stated Eastern President and Chief Executive Officer Michael L. Boguski. "I was particularly pleased with our 2012 first quarter consolidated and workers' compensation insurance segment combined ratios of 94.3% and 91.6%, respectively, compared to 97.8% and 92.3%, respectively, for the same period in 2011."Boguski said the increased profits were driven by grow...